SCRANTON, Pa., April 30, 2021 /PRNewswire/ — The Board of Administrators of Peoples Monetary Companies Corp. (NASDAQ: PFIS) declared a second quarter dividend of $0.37 per share. The $0.37 equals the per share dividend declared within the prior quarter and represents a 2.8% enhance over the dividend declared within the second quarter of 2020. The dividend is payable June 15, 2021 to shareholders of file Might 31, 2021.
Peoples Monetary Companies Corp. (the “Firm”) is the mother or father firm of Peoples Safety Financial institution and Belief Firm (the “Financial institution”), an impartial neighborhood financial institution serving its retail and industrial clients by twenty-six full-service neighborhood banking places of work situated throughout the Bucks, Lackawanna, Lebanon, Lehigh, Luzerne, Monroe, Montgomery, Northampton, Susquehanna, and Wyoming Counties in Pennsylvania and Broome County in New York. Every workplace, interdependent with the neighborhood, presents a complete array of monetary services to people, companies, not-for-profit organizations and authorities entities. The Firm’s enterprise philosophy consists of providing direct entry to senior administration and different officers and offering pleasant, knowledgeable and courteous service, native and well timed.
Protected Harbor Ahead-Wanting Statements:
We make statements on this press launch, and we might on occasion make different statements relating to our outlook or expectations for future monetary or working outcomes and/or different issues relating to or affecting Peoples Monetary Companies Corp., Peoples Safety Financial institution and Belief Firm, and its subsidiaries (collectively, “Peoples”) which can be thought-about “forward-looking statements” as outlined in Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Change Act of 1934, as amended. Such forward-looking statements could also be recognized by means of such phrases as “imagine,” “anticipate,” “anticipate,” “ought to,” “deliberate,” “estimated,” “intend” and “potential.” For these statements, Peoples claims the safety of the statutory secure harbors for forward-looking statements.
Peoples cautions you that plenty of necessary elements may trigger precise outcomes to vary materially from these at present anticipated in any forward-looking assertion. Such elements embody, however aren’t restricted to: prevailing financial and political situations, notably in our market space; the unfolding COVID-19 disaster and the governmental responses to the disaster: credit score threat related to our lending actions; adjustments in rates of interest, mortgage demand, actual property values and competitors; adjustments in accounting rules, insurance policies, and pointers; adjustments in any relevant regulation, rule, regulation or observe with respect to tax or authorized points; our means to establish and deal with cyber-security dangers and different financial, aggressive, governmental, regulatory and technological elements affecting Peoples’ operations, pricing, services and different elements that could be described in Peoples’ Annual Reviews on Type 10-Ok and Quarterly Reviews on Type 10-Q as filed with the Securities and Change Fee on occasion.
Along with these dangers, acquisitions and enterprise combos, current dangers apart from these introduced by the character of the enterprise acquired. Acquisitions and enterprise combos could also be considerably dearer to finish than initially anticipated, and the anticipated advantages could also be considerably harder-or take longer-to obtain than anticipated. As regulated monetary establishments, our pursuit of engaging acquisition and enterprise mixture alternatives could possibly be negatively impacted by regulatory delays or different regulatory points. Regulatory and/or authorized points associated to the pre-acquisition operations of an acquired or mixed enterprise might trigger reputational hurt to Peoples following the acquisition or mixture, and integration of the acquired or mixed enterprise with ours might lead to extra future prices arising on account of these points.
The forward-looking statements are made as of the date of this launch, and, besides as could also be required by relevant regulation or regulation, Peoples assumes no obligation to replace the forward-looking statements or to replace the the reason why precise outcomes may differ from these projected within the forward-looking statements.
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SOURCE Peoples Monetary Companies Corp.