On October 25, 2024, Peoples Financial Services Corp. And Craig W. Best Mutually Agreed That Mr. Best Would Cease Serving As CEO And Director And Its Banking Subsidiary; Effective December 31, 2024; Gerard A. Champi, President Of The Co And The Bank, Will Succeed As CEO Of The Co And The Bank, And Thomas P. Tulaney, COO Will Succeed Mr. Champi As President Of The Co And The Bank
Portfolio Pulse from Benzinga Newsdesk
Peoples Financial Services Corp. announced that CEO Craig W. Best will step down by the end of 2024, with Gerard A. Champi set to succeed him. This leadership change follows the successful integration of FNCB Bancorp, Inc. after their merger.
October 25, 2024 | 8:07 pm
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Peoples Financial Services Corp. is undergoing a leadership change as CEO Craig W. Best steps down, with Gerard A. Champi taking over. This follows the successful integration of FNCB Bancorp, Inc. after their merger.
The leadership change at Peoples Financial Services Corp. is significant due to the recent merger with FNCB Bancorp, Inc. The successful integration suggests stability, but the change in leadership could introduce uncertainty. However, the planned transition indicates a strategic move, likely neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100