FNCB Bancorp Merges with Peoples Financial, Streamlines Leadership

FNCB Bancorp (FNCB) just unveiled an announcement.

On July 1, 2024, FNCB Bancorp, Inc. completed its merger with Peoples Financial Services Corp., creating a combined entity with Peoples as the surviving corporation. Shareholders of FNCB received an exchange ratio of 0.1460 shares of Peoples common stock for each FNCB share, with cash compensation for fractional shares. The merger saw the resignation of all FNCB directors and executive officers, and the combined board now consists of 16 directors, with equal representation from both companies. Additionally, FNCB Bancorp, Inc.’s common stock was delisted from Nasdaq as part of the merger process.

For an in-depth examination of FNCB stock, go to TipRanks’ Stock Analysis page.