On February 28, 2020, the board of directors of Peoples Financial Services Corp., upon the recommendation of its nominating and governance committee, approved a temporary increase in the number of directors constituting the entire board from ten to eleven, and approved the appointment of Sandra L. Bodnyk to fill the vacancy created by such increase. Ms. Bodnyk is expected to be named to the company’s audit committee, as well as the board of directors, asset quality/credit committee and the information technology committee of the company’s banking subsidiary. Ms. Bodnyk’s term will expire and she is expected to stand for election at the company’s 2020 annual meeting of shareholders. As previously reported, director James G. Keisling has decided not to stand for re-election at such meeting.