PEOPLES FINANCIAL SERVICES CORP/
8-K, 1999-05-05
SECURITY BROKERS, DEALERS & FLOTATION COMPANIES
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                              UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                      THE SECURITIES EXCHANGE ACT OF 1934

Date of Report  (Date of earliest event reported) April 16, 1999

Commission File Number: 000-23863

                        PEOPLES FINANCIAL SERVICES CORP
             (Exact name of registrant as specified in its charter)

          Pennsylvania                            23-2391852
(State or other jurisdiction of         (I.R.S. Employer Identification Number)
Incorporation or Organization)

50 Main Street, Hallstead, PA 18822
(Address of Principal Executive Officer) (Zip Code)

Registrant's telephone number, including area code (717) 879-2175

<PAGE>
Item 5.  Other Events
     (a)  The press release, dated April 16 1999, of Peoples Financial Services
Corp.,  Exhibit 99.1, is incorporated by reference.

     (b)  The press release, dated May 15 1999, of Peoples Financial Services
Corp., attached as Exhibit 99.2, is incorporated by reference.

Item 7.  Financial Statements and Exhibits.

     (a)  Exhibits.

     The following exhibit is filed herewith:

     99.2 Press Release, dated May 5, 1999, of Peoples Financial Services
          Corp.
<PAGE>
SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

PEOPLES FINANCIAL SERVICES CORP

By/s/ John W. Ord
John W. Ord, President and Chief Executive Officer


Press Release



               Peoples Financial Services Corp. Increases Dividend

The Board of Directors of Peoples  Financial  Services Corp., the parent company
of Peoples  National Bank,  recently voted to increase the regular  quarterly
 dividend from $0.12 to $0.13, an increase of 8.3%.  The dividend will be
payable on May 14, 1999 to  shareholders of record April 30, 1999.

Continued  good earnings and favorable  future  prospects  were given as reasons
for the increase.  PNB is  headquartered  in Hallstead with branch offices in
Hallstead Plaza, Hop Bottom,  Susquehanna,  Montrose and Springville in
Susquehanna County as well as offices in Nicholson, Tunkhannock and Meshoppen in
Wyoming County.


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