PEOPLES FINANCIAL SERVICES CORP/
8-K, EX-99.005, 2001-01-02
SECURITY BROKERS, DEALERS & FLOTATION COMPANIES
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Peoples Financial Services Corp. Declares Dividend

The regular quarterly  dividend of Peoples Financial  Services Corp. (PFIS stock
symbol) was  increased to 17(cent)  from 16(cent) at a recent Board of Directors
meeting.  The new dividend will be payable on February 15, 2001, to shareholders
of record on January 31, 2001.

Total cash dividends paid in the year 2000 were $1,341,215.61 up 18.8% from 1999
when $1,129,062.03 were paid.  Continued strong earnings for the company and its
wholly owned subsidiary,  Peoples National Bank, allow the company to share this
growth with its stockholders.

Peoples  National  Bank  is  an  independent  community  bank  headquartered  in
Hallstead, PA with offices in the Hallstead Plaza, Hop Bottom, Susquehanna,  and
Montrose in Susquehanna  County,  and Nicholson,  Tunkhannock,  and Meshoppen in
Wyoming County.


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