PEOPLES FINANCIAL SERVICES CORP. (NASDAQ:PFIS) Files An 8-K Changes in Registrant’s Certifying Accountant

Item 4.01 Changes in Registrants Certifying Accountant

On March28, 2017, the audit committee of the board of directors
of Peoples Financial Services Corp. (the Company) engaged Baker
Tilly Virchow Krause, LLP (Baker Tilly) to serve as its
independent registered public accounting firm for the year ending
December31, 2017. On March28, 2017, the Company notified BDO USA,
LLP (BDO) of the audit committees decision to dismiss BDO as the
Companys independent registered public accounting firm.

Prior to engaging Baker Tilly, the Company did not consult with
Baker Tilly regarding the application of accounting principles to
a specific completed or contemplated transaction or regarding the
type of audit opinions that might be rendered by Baker Tilly on
the Companys financial statements, and Baker Tilly did not
provide any written or oral advice that was an important factor
considered by the Company in reaching a decision as to any such
accounting, auditing or financial reporting issue.

The report of independent registered public accounting firm of
BDO regarding the Companys financial statements for the fiscal
years ended December31, 2016 and 2015 did not contain any adverse
opinion or disclaimer of opinion and were not qualified or
modified as to uncertainty, audit scope or accounting principles.

During the years ended December31, 2016 and 2015, and during the
interim period from the end of the most recently completed fiscal
year through March28, 2017, the date of termination, there were
no disagreements with BDO on any matter of accounting principles
or practices, financial statement disclosure or auditing scope or
procedures, which disagreements, if not resolved to the
satisfaction of BDO would have caused it to make reference to
such disagreement in its reports.

The Company provided BDO with a copy of this Current Report on
Form8-K prior to its filing with the Securities and Exchange
Commission and requested that BDO furnish the Company with a
letter addressed to the Securities and Exchange Commission
stating whether it agrees with above statements and, if it does
not agree, the respects in which it does not agree. A copy of the
letter furnished by BDO, dated March31, 2017, is filed as exhibit
16 to this current report on Form8-K.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

The following exhibits are filed with this Form8-K:

About PEOPLES FINANCIAL SERVICES CORP. (NASDAQ:PFIS)

Peoples Financial Services Corp. (Peoples) is a bank holding company. The Company provides a range of financial services through its subsidiary, Peoples Security Bank and Trust Company (Peoples Bank), including its subsidiary, Peoples Advisors. Peoples Bank is a state-chartered bank and trust company. Peoples Advisors, LLC, provides investment advisory services through a third party to individuals and small businesses. It provides an array of wealth management products and services, which include investment portfolio management, estate planning, annuities, business succession planning, insurances, education funding strategies and tax planning through Peoples Advisors, LLC. Its trust and investment services include investment management, individual retirement account (IRA) trustee services, estate administration, living trusts, trustee under will, guardianships, life insurance trusts, custodial services/IRA custodial services, corporate trusts, and pension and profit sharing plans.

PEOPLES FINANCIAL SERVICES CORP. (NASDAQ:PFIS) Recent Trading Information

PEOPLES FINANCIAL SERVICES CORP. (NASDAQ:PFIS) closed its last trading session down -0.06 at 41.74 with 9,213 shares trading hands.