Peoples Financial Services Corp. Officially Announces Gerard A. Champi as CEO and Thomas P. Tulaney as President
Peoples Financial Services Corp has announced the official appointment of Gerard A. Champi as CEO and Thomas P. Tulaney as President, effective January 1, 2025. These appointments follow the company's successful merger with FNCB Bancorp in 2024. Champi, with over three decades of experience including eight years as President and CEO of FNCB Bank, will oversee strategic direction and innovation. Tulaney, previously Chief Operating Officer, will manage daily operations and business development.
The company operates through its subsidiary, Peoples Security Bank and Trust Company, with 39 full-service community banking offices across Pennsylvania, New Jersey, and New York, providing comprehensive financial services to individuals, businesses, non-profits, and government entities.
Peoples Financial Services Corp ha annunciato ufficialmente la nomina di Gerard A. Champi come Amministratore Delegato e di Thomas P. Tulaney come Presidente, con effetto dal 1 gennaio 2025. Queste nomine seguono alla fusione di successo dell'azienda con FNCB Bancorp nel 2024. Champi, con oltre tre decenni di esperienza, di cui otto anni come Presidente e Amministratore Delegato di FNCB Bank, si occuperà della direzione strategica e dell'innovazione. Tulaney, precedentemente Direttore Operativo, gestirà le operazioni quotidiane e lo sviluppo commerciale.
L'azienda opera attraverso la sua controllata, Peoples Security Bank and Trust Company, con 39 uffici bancari comunitari a servizio completo in Pennsylvania, New Jersey e New York, offrendo servizi finanziari completi a privati, aziende, no-profit ed enti governativi.
Peoples Financial Services Corp ha anunciado oficialmente la designación de Gerard A. Champi como CEO y Thomas P. Tulaney como Presidente, con efecto a partir del 1 de enero de 2025. Estas designaciones siguen a la exitosa fusión de la empresa con FNCB Bancorp en 2024. Champi, con más de tres décadas de experiencia, incluidos ocho años como Presidente y CEO de FNCB Bank, supervisará la dirección estratégica y la innovación. Tulaney, anteriormente Director de Operaciones, se encargará de las operaciones diarias y el desarrollo de negocios.
La empresa opera a través de su subsidiaria, Peoples Security Bank and Trust Company, con 39 oficinas bancarias comunitarias de servicio completo en Pennsylvania, Nueva Jersey y Nueva York, ofreciendo servicios financieros integrales a individuos, empresas, organizaciones sin fines de lucro y entidades gubernamentales.
Peoples Financial Services Corp는 Gerard A. Champi를 CEO로, Thomas P. Tulaney를 사장으로 2025년 1월 1일자로 공식 임명했다고 발표했습니다. 이러한 임명은 2024년에 FNCB Bancorp와의 성공적인 합병에 이어 이루어진 것입니다. Champi는 30년 이상의 경험을 보유하고 있으며, 그 중 8년은 FNCB Bank의 사장 및 CEO로 일했습니다. 그는 전략적 방향성과 혁신을 감독할 예정입니다. Tulaney는 이전에 최고 운영 책임자로, 일상적인 운영과 비즈니스 개발을 관리할 것입니다.
회사는 Peoples Security Bank and Trust Company라는 자회사를 통해 운영되며, 펜실베이니아, 뉴저지 및 뉴욕 전역에 39개의 풀 서비스 커뮤니티 뱅킹 오피스를 운영하여 개인, 기업, 비영리조직 및 정부实体에 포괄적인 금융 서비스를 제공합니다.
Peoples Financial Services Corp a annoncé officiellement la nomination de Gerard A. Champi en tant que PDG et de Thomas P. Tulaney en tant que Président, à compter du 1er janvier 2025. Ces nominations suivent la fusion réussie de l'entreprise avec FNCB Bancorp en 2024. Champi, fort de plus de trois décennies d'expérience, dont huit ans en tant que Président et PDG de FNCB Bank, supervisera l'orientation stratégique et l'innovation. Tulaney, anciennement Directeur des Opérations, sera responsable des opérations quotidiennes et du développement des affaires.
L'entreprise opère par le biais de sa filiale, Peoples Security Bank and Trust Company, avec 39 agences bancaires communautaires à service complet en Pennsylvanie, au New Jersey et à New York, fournissant des services financiers complets aux particuliers, aux entreprises, aux organisations à but non lucratif et aux entités gouvernementales.
Peoples Financial Services Corp hat offiziell die Ernennung von Gerard A. Champi zum CEO und von Thomas P. Tulaney zum Präsidenten bekannt gegeben, die am 1. Januar 2025 wirksam wird. Diese Ernennungen folgen auf die erfolgreiche Fusion des Unternehmens mit FNCB Bancorp im Jahr 2024. Champi, der über dreißig Jahre Erfahrung verfügt, darunter acht Jahre als Präsident und CEO der FNCB Bank, wird die strategische Ausrichtung und Innovation überwachen. Tulaney, vorher Chief Operating Officer, wird die täglichen Abläufe und die Geschäftsentwicklung leiten.
Das Unternehmen operiert über seine Tochtergesellschaft, Peoples Security Bank and Trust Company, mit 39 vollwertigen Community-Banking-Filialen in Pennsylvania, New Jersey und New York und bietet umfassende Finanzdienstleistungen für Einzelpersonen, Unternehmen, gemeinnützige Organisationen und staatliche Einrichtungen an.
- Successful completion of merger with FNCB Bancorp in 2024
- Geographic presence across three states with 39 banking offices
- Appointment of experienced leadership with proven track record
- None.
Insights
This leadership transition at Peoples Financial Services Corp. is a routine corporate governance event that follows a previously announced succession plan. While the appointment of a new CEO typically warrants attention, several factors minimize its immediate market impact:
The timing and appointments were pre-planned and previously communicated to the market, eliminating any surprise factor. Both executives are internal promotions with extensive experience - Mr. Champi from the recently merged FNCB Bank and Mr. Tulaney from within PFIS. This suggests strategic continuity rather than transformative change.
Most notably, this transition occurs in the post-merger integration phase with FNCB Bancorp, completed in 2024. The focus will likely remain on executing the existing merger integration strategy rather than implementing significant new strategic shifts.
With a relatively modest market cap of
These leadership transitions mark a significant milestone for the Company following its successful merger with FNCB Bancorp, Inc., completed in 2024. Mr. Champi and Mr. Tulaney, both seasoned banking professionals, bring a wealth of experience and a shared commitment to advancing the Company's mission of delivering exceptional service and fostering growth in the communities it serves.
As CEO, Mr. Champi will oversee the strategic direction of the Company, ensuring continued innovation and financial performance. With over three decades of experience, including serving eight years as President and CEO of FNCB Bank, Mr. Champi is committed to fostering a culture of excellence and community engagement.
In his role as President, Mr. Tulaney will lead day-to-day operations and drive business development efforts. His extensive background, including his time as Chief Operating Officer, positions him to support the Company's ongoing growth while maintaining its commitment to personalized service.
Peoples Security Bank and Trust Company operates 39 full-service community banking offices across
About Peoples Financial Services Corp.:
Peoples Financial Services Corp. is the bank holding company of Peoples Security Bank and Trust Company, an independent community bank serving its retail and commercial customers through 39 full-service community banking offices located within the
Forward-looking Statements
This communication includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, with respect to the beliefs, goals, intentions, and expectations of Peoples Financial Services Corp. and its subsidiaries ("Peoples") and other statements that are not historical facts. Forward–looking statements are typically identified by such words as "believe," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "will," "should," and other similar words and expressions, and are subject to numerous assumptions, risks, and uncertainties, which change over time.
Additionally, forward–looking statements speak only as of the date they are made; Peoples does not assume any duty, and does not undertake, to update such forward–looking statements, whether written or oral, that may be made from time to time, whether as a result of new information, future events, or otherwise. Furthermore, because forward–looking statements are subject to assumptions and uncertainties, actual results or future events could differ, possibly materially, from those indicated in or implied by such forward-looking statements as a result of a variety of factors, many of which are beyond the control of Peoples. Such statements are based upon the current beliefs and expectations of the management of Peoples and are subject to significant risks and uncertainties outside of the control of Peoples. Caution should be exercised against placing undue reliance on forward-looking statements. The factors that could cause actual results to differ materially include the following: the possibility that the anticipated benefits of Peoples' merger with FNCB Bancorp, Inc. ("FNCB"), which was consummated on July 1, 2024, will not be realized when expected or at all, including as a result of the impact of, or problems arising from, the integration of FNCB; the strength of the economy and competitive factors in the areas where Peoples conducts business; diversion of management's attention from ongoing business operations and opportunities; the possibility that Peoples may be unable to achieve expected synergies and operating efficiencies in the FNCB merger within the expected timeframes or at all and to successfully integrate the operations of Peoples; such integration may be more difficult, time-consuming or costly than expected; revenues following the FNCB merger may be lower than expected; Peoples' success in executing its business plans and strategies and managing the risks involved in the foregoing; the dilution caused by Peoples' issuance of additional shares of its capital stock in connection with the FNCB merger; the outcome of any legal proceedings that may be threatened or instituted against Peoples; the ability of Peoples to meet expectations regarding the accounting and tax treatments of the FNCB merger; effects of the completion of the FNCB merger on the ability of Peoples to retain customers and retain and hire key personnel and maintain relationships with its suppliers, and on its operating results and businesses generally; changes in interest rates; and risks related to the potential impact of general economic, political and market factors on Peoples; legislative and regulatory changes and the ability to comply with the significant laws and regulations governing the banking and financial services business; monetary and fiscal policies of the
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SOURCE Peoples Financial Services Corp.
FAQ
When did Gerard A. Champi become CEO of Peoples Financial Services Corp (PFIS)?
How many branch locations does PFIS operate after the FNCB merger?
What was Gerard A. Champi's previous experience before becoming PFIS CEO?
When did Peoples Financial Services Corp complete its merger with FNCB Bancorp?
What is Thomas P. Tulaney's role at PFIS as of January 2025?
