Peoples Financial Services Corp. Announces Leadership Transition with Retirement of Thomas P. Tulaney

Leadership Change at Peoples Financial Services Corp.

Peoples Financial Services Corp. (PFIS), the parent company of Peoples Security Bank and Trust Company, has made a significant announcement regarding its leadership. After a distinguished career spanning over 40 years in banking, President Thomas P. Tulaney has decided to retire, with his last working day set for April 3, 2026.

Having been appointed as President just last year, Mr. Tulaney’s tenure was marked by his collaborative efforts with the Board of Directors, the CEO, and other executives to enhance the financial standing of the institution. His strategies focused on fostering sustainable growth and delivering long-term value to shareholders in an increasingly competitive market.

During his time at the helm, Tulaney was not just a figurehead; he actively engaged with clients, employees, and stakeholders, establishing himself as a reliable partner who represented professionalism and integrity. His leadership was instrumental in shaping the bank's brand, culture, and overall image in the community.

Even after his retirement, Mr. Tulaney is expected to remain involved with PFIS and the bank in a Senior Advisor capacity. This role will allow him to assist in the leadership transition, provide strategic guidance, and continue building customer relationships and community developments when necessary. The company's Nominating and Corporate Governance Committee is reviewing potential successors, with Chief Executive Officer Gerard A. Champi poised to take on the presidency following Tulaney's departure.

Peoples Financial Services Corp. operates as a community bank, delivering a wide range of financial products and services across various counties in Pennsylvania, New Jersey, and New York. With a commitment to serving retail and commercial clients, the bank has established 40 full-service offices that promote local engagement and timely decision-making. Their philosophy prioritizes friendly and informed customer service, allowing more personal interactions with senior management and financial officers.

As the bank looks forward to this transition, it aims to build on the strong foundation laid by Tulaney, continuing to adapt to market dynamics and serving the needs of its diverse clientele. The legacy he leaves behind is one of growth and community-centric banking, making him a respected figure in the industry.

The company also calls attention to the importance of transparency and vigilance in their future operations. They acknowledge the uncertainties that come with forward-looking statements related to financial performance and market conditions, underscoring their commitment to maintaining sound financial health despite potential challenges.

In conclusion, while this retirement marks the end of an era for Peoples Financial Services Corp., it also signifies an opportunity for new leadership to emerge and for the bank to continue its mission of serving the community and fulfilling the financial needs of customers. As they move forward, the focus will be on innovation while staying rooted in the values that have guided them through Tulaney's tenure.

For more information on Peoples Financial Services Corp. and their offerings, visit psbt.com.