PEOPLES FINANCIAL SERVICES CORP. (NASDAQ:PFIS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March30, 2018, the board of directors of Peoples Financial Services Corp. (the “Company”) appointed John R. Anderson III as Executive Vice President and Chief Financial Officer of the Company and its subsidiary, Peoples Security Bank and Trust Company (the “Bank”). Prior to his appointment and since April2016, Mr.Anderson, age 51, was serving in an interim capacity as the Company’s principal financial officer and principal accounting officer and, since June2015, served as Senior Vice President/Planning and Statistical Analyst of the Bank. From the merger of Peoples Neighborhood Bank and Penn Security Bank and Trust Company in December2013 until June2015, Mr.Anderson was Vice President/Financial Analyst/Asset Liability Officer. From January2011 until December2013, he was Vice President, Financial Analyst/Asset Liability Officer of Penn Security Bank and Trust Company. Prior to that he was Vice President/Planning and Statistical Analyst, of Penn Security Bank and Trust Company since 2008. Prior to that he was Assistant Vice President/Financial Reporting Officer at Penn Security Bank since 2002.
Mr.Anderson receives a base salary and is eligible to participate in the Company’s incentive opportunities and other benefit plans on the same terms as other employees. These plans include retirement, medical, dental, vision, disability, life insurance and flex spending account benefits. There were no material changes in Mr.Anderson’s compensation arrangements, and no grants or awards made, in connection with Mr.Anderson’s appointment to his new position.
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.