Peoples Financial Services Corp. announced the completion of the merger of FNCB Bancorp, Inc. (FNCB) with and into Peoples, and the merger of FNCB Bank with and into Peoples Security Bank and Trust Company (Peoples Bank).

"The completion of this merger unites two dynamic institutions to create a leading, $5.6 billion community bank with operations in Pennsylvania, New York and New Jersey," said Craig Best, Chief Executive Officer and Director of Peoples and Peoples Bank. "The combination of Peoples and FNCB will benefit our customers and the communities we serve, create new opportunities for our employees and drive long-term growth and shareholder value."

"FNCB Bank's merger with Peoples Bank marks a significant milestone in our journey," said Jerry Champi, President of Peoples and Peoples Bank. "This union brings together two institutions with deep roots in community banking. Our customers will benefit from expanded products and services delivered by the familiar faces they have come to know and trust. Together, we will provide an even better banking experience for everyone."

The combined organization is expected to have approximately $5.5 billion in assets with approximately $4.0 billion in loans and $4.7 billion in deposits throughout its operations spanning Pennsylvania, New York and New Jersey. All branches of the combined company will operate under the Peoples banner after the integration is completed. The combined company will trade under Peoples ticker symbol (PFIS) on the Nasdaq Global Select Stock Market.