Peoples Financial Services President Thomas Tulaney To Retire In April 2026, To Remain As Senior Advisor

Peoples Financial Services Corp. ("PFIS" or the "Company") (NASDAQ:PFIS), the bank holding company for Peoples Security Bank and Trust Company (the "Bank"), announced today that Thomas P. Tulaney has informed the Company of his retirement from his roles as President of PFIS and President and Director of the Bank, effective April 3, 2026.

Mr. Tulaney was most recently appointed President of both PFIS and the Bank effective January 1, 2025. In this role, he worked closely with the Board of Directors, CEO and executive leadership team to strengthen the Bank's financial performance, drive sustainable growth, and create long-term value for shareholders.

With over 40 years of banking experience, Mr. Tulaney has served as a trusted partner to clients, employees and the community.  He always represented himself with professionalism and integrity. Mr. Tulaney was a leader in developing the Bank's brand, culture, image, and reputation.

Following his retirement, Mr. Tulaney is expected to continue to serve the Company and Bank in a Senior Advisor role. In this capacity, he will assist in leadership transition, provide strategic assistance, and remain involved in customer relationships and community development as needed.  

Subject to further review and recommendation of the Company's Nominating and Corporate Governance Committee, it is anticipated that Gerard A. Champi, Chief Executive Officer of the Company and the Bank, will also assume the role of the President of the Company and the Bank upon Mr. Tulaney's retirement.