Peoples in Pennsylvania to Join Nasdaq

Published March 31, 2014, 6:32 p.m. EDT

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Updated February 03, 2017, 9:35 a.m. EST

1 Min Read

Community banking

Peoples in Pennsylvania Reports Loss After Merger

Peoples Financial Services in Scranton, Pa., reported a fourth-quarter loss tied to its merger with Penseco Financial Services. The $1.7 billion-asset company lost $2.8 million in the quarter, compared to Penseco's $2.7 million in profit a year earlier.

By Sarah Todd

February 13
Community banking

Pennsylvania Banking Market Primed for M&A

A larger-than-usual number of small banks, rising valuations for would-be acquirers, and lingering industry challenges are increasing the odds of deals in the Pennsylvania.

By Andy Peters

July 10

Peoples Financial Services in Scranton, Pa., will begin trading on the Nasdaq on April 2.

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Its ticker symbol will be PFIS, according to a press release Monday.

The $1.7 billion-asset Peoples completed its merger with Penseco Financial Services on Nov. 30. Peoples agreed to become a publicly traded company as part of the deal.

Deputy Editor

Sarah Todd is the Deputy Editor of BankThink, American Banker's opinion blog. She previously wrote for the American Institute for Economic Research,... Read full bio

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