Peoples Financial Services Corp. (PFIS) is a financial services holding company, organized in 1986, and headquartered in Scranton, Pennsylvania. The primary business of PFIS is to provide a wide range of retail and commercial banking services through its wholly-owned subsidiary, Peoples Security Bank and Trust Company.
The bank was founded in 1905 and is known to have a strong community presence, providing banking services in various counties across Northeastern Pennsylvania and the Southern Tier of New York. However, the establishment of PFIS as a holding company nearly a century later allowed the bank to expand its capacity for development and growth.
The products and services offered by PFIS, through its subsidiary bank, cater to both individuals and businesses. For individuals, it provides services such as checking and savings accounts, home equity and personal loans, credit cards, online banking, mobile banking, and wealth management services. For businesses, it offers commercial loans and line of credit, real estate financing, cash management, merchant services, along with retirement and investment services.
The bank has a reputable history of investing in its community via loans and other services, contributing to economic development, and generating employment within its served markets. It also participates in various philanthropic activities, clearly illustrating its commitment to its local communities.
In terms of financial performance, the company has consistently registered strong growth and profitability. It is publically listed on the NASDAQ Global Market and trades under the symbol 'PFIS'. It has a well-diversified loan portfolio that contributes to its risk management stability and its conservative approach towards managing credit risk and loan losses has given confidence to its investors.
Peoples Financial Services Corp. is governed by a team of seasoned directors who bring a wealth of business experience to the company. Their entrepreneurial leadership, coupled with the dedicated efforts of the staff, drives the continual success and solid performance of the company.
In conclusion, Peoples Financial Services Corp. serves a critical role as a community-oriented financial services company. Through its commitment to customer service, dedication to community development, and its prudent financial management, PFIS has emerged as a trusted and dependable financial institution in the communities it serves.