Peoples Financial Services Corp. (Ticker: PFIS), parent of Peoples Security Bank and Trust Co., recently announced that its board has authorized a plan to buy back up to 370,000 shares of its common stock outstanding.
The timing, price, and volume of repurchases will be based on market conditions, securities laws, and other factors, Peoples said in a news release. The stock buybacks may be made through a mix of open-market purchases and privately negotiated transactions, it added.
After its recent merger with Penseco Financial Services Corp., Peoples currently has about 7.55 million shares of common stock outstanding.
(Sponsored)

National Labor Relations Board Bans “Captive Audience” Meetings
Since 1948, the National Labor Relations Board respected an employer’s right to hold mandatory paid employee meetings during company time so that its views about unionization could be directly communicated

How Technology Management Can Expedite Your Business Growth
Many business leaders find themselves asking the same question: “How do I foster growth for my company?” The answer typically yields many paths and variables both controllable and uncontrollable. Technology
Peoples Security Bank and Trust is an independent community bank serving Lackawanna, Luzerne, Monroe, Susquehanna, Wayne, and Wyoming Counties in Pennsylvania and Broome County in New York through 26 offices. That includes four Binghamton–area branches.
Contact Rombel at arombel@cnybj.com