Peoples Financial Services to merge with FNCB Bancorp in a $129m deal.

Peoples Financial Services, an independent community bank in eastern Pennsylvania, agreed to merge with FNCB Bancorp, a bank holding company that provides personal, small business and commercial banking solutions, in a $129m deal. "This strategic merger accelerates our objective of creating a dynamic, top-tier Pennsylvania franchise in order to help our communities become a better place to live and work while offering the best services possible to our customers. Notably, this transaction will create a more diversified and liquid balance sheet, which will enable the combined company to accelerate its organic growth strategy. The close relationship between both management teams and boards of directors will further benefit us in exceeding our customers' expectations as we help them achieve their financial goals. We are looking forward to utilizing our combined management team's mutual financial expertise and strengths to achieve our shared goals and vision to deliver value to our customers and shareholders. I am extremely happy to be working alongside Jerry who is an exceptional leader and long-serving industry veteran," Craig Best, Peoples Financial Services CEO and Director. On March 22, 2024, Peoples and FNCB shareholders approved the merger of FNCB with and into Peoples.