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) May 05, 2000
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
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Item 5. Other Events
The press release, dated January 27, 2000, of Peoples Financial Services
Corp., is incorporated by reference.
Item 7. Financial Statements and Exhibits.
(a) Exhibits.
The following exhibit is filed herewith:
99.002 Press Release, dated May 05, 2000, of Peoples Financial Services
Corp.
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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. First Quarter Results
Peoples Financial Services Corp., the parent company of Peoples National Bank,
posted record first-quarter net income of $896,000, which was 5.3% ahead of the
$851,000 earned in the same period in 1999. Per-share net income was up 5.64% at
41.2 cents. Net loans at quarter-end were almost 9% ahead of the March 31, 1999
figures at $156,858,000. Deposits at $219,986,000 were up 4%. The company had
assets of $266,842,000 on March 31, 2000, compared to $247,728,000 at the end of
March 1999, an increase of 7.72%.
President and CEO John W. Ord stated that growth was a reflection of a strong
economy and adherence by the bank to principles of superior customer service
without sacrificing safety and soundness.
Peoples National Bank, headquartered in Hallstead, Susquehanna, Montrose and Hop
Bottom in Susquehanna County, and Nicholson, Tunkhannock and Meshoppen in
Wyoming County.
