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Peoples Financial Services Corp. Announces Restart Of Common Stock Repurchase Plan - Bloomberg

Published 05/11/2023, 03:48 PM
Updated 05/11/2023, 03:50 PM
Peoples Financial Services Corp. (PFIS) Announces Restart Of Common Stock Repurchase Plan - Bloomberg

Peoples Financial Services Corp. ("Peoples") (PFIS), the bank holding company for Peoples Security Bank and Trust Company, announced today that it has restarted its previously announced stock repurchase plan after a brief temporary suspension. As of March 31, 2023, there were 258,854 shares of Peoples common stock that may yet be purchased under the stock repurchase plan.

Under the stock repurchase plan, 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 May 1, 2023, Peoples had approximately 7,150,757 shares of common stock outstanding.

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