Peoples Financial Services Corp Buyback
OLI recorded this information on 2/1/2021
Peoples Financial Services Corp
Share Amount Authorized:
Peoples Financial Services Corp. ("Peoples") (NASDAQ: PFIS), the bank holding company for Peoples Security Bank and Trust Company, announced today that its board of directors has authorized a stock repurchase plan providing for the purchase of up to 4.9 percent its outstanding shares common stock, or 353,422 shares. The timing, price and volume of repurchases will be based on market conditions, relevant securities laws and other factors. The stock repurchases may be made from time to time on the open market or in privately negotiated transactions. The stock repurchase program does not require Peoples to repurchase any specific number of shares, and Peoples may terminate the repurchase program at any time. As of the date of this release, Peoples has approximately 7,212,702 shares of common stock outstanding.
Peoples Financial Services is a bank holding company. Through its subsidiary, Co. provides a range of financial services. Co. provides a range of retail and commercial lending products to consumers and small- and medium-sized businesses in its market areas. Co.'s retail lending products include the following types of loans, among others: residential real estate; automobiles; manufactured housing; personal and home equity. Co.'s commercial lending products include the following types of loans, among others: commercial real estate; working capital; equipment and other commercial needs; construction; Small Business Administration; and agricultural and mineral rights.
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