Peoples Security Bank & Trust Company was established in 1905 as the First National Bank of Hallstead located in Hallstead, Pennsylvania. In February 1965, First National Bank of Hallstead merged with the Hop Bottom Bank to form Peoples National Bank (PNB) of Susquehanna County. In 2010 Peoples National Bank completed a transition to a Pennsylvania State Banking charter resulting in a new name, Peoples Neighborhood Bank.
Penn Security Bank & Trust Company was established in 1902. In April 2009 the bank merged with the Old Forge Bank to create one of the strongest community banks in Northeastern Pennsylvania.
In December 2013, Peoples Neighborhood Bank and Penn Security Bank & Trust Company merged to create Peoples Security Bank & Trust Company. The merger strengthened the bank’s presence in Northeastern Pennsylvania resulting in a branch network of 26 locations throughout Northeastern Pennsylvania and New York.
In April 2014 Peoples Financial Services Corp., the holding company of Peoples Security Bank & Trust Company, began trading on the NASDAQ Stock Market under the ticker symbol “PFIS”.
Since December 2014, the bank expanded into the Lehigh Valley, Greater Delaware Valley, and Luzerne County. The bank's extension continued during 2017 by adding two additional offices to the Lehigh Valley branch network at Emrick Boulevard in Bethlehem Township and Tilghman Street in Allentown. Peoples Security Bank & Trust continued to grow by opening offices in Lebanon in 2019 and Doylestown in 2020.
The bank most recently expanded into the Greater Pittsburgh Region and the state of New Jersey by opening offices in both of those areas. The establishment of the business center offices, located in North Allegheny, Pennsylvania and Piscataway, New Jersey, respectively, is another indicator of the Bank’s commitment to our growth strategy. These expansion markets were developed around high-performing lending teams that can provide a full range of customer friendly banking products and services. The Bank has focused its efforts on selective markets in the Tri-State area where we can create significant opportunities for long-term growth and success.
As of today, Peoples Security Bank & Trust is one of the largest independent community banks in eastern Pennsylvania. With a footprint stretching from suburban Philadelphia to Binghamton, New York, Peoples Security Bank & Trust serves its customers through 28 full-service branches located in Allegheny, Bucks, Lackawanna, Lebanon, Lehigh, Luzerne, Monroe, Montgomery, Northampton, Susquehanna, and Wyoming counties in Pennsylvania, Middlesex County in New Jersey and Broome County in New York. Each office offers a wide range of financial products and services to individuals, businesses, not-for-profits, and government entities.
Looking to the future, we will strive to exceed our customers’ expectations while helping them achieve their financial goals, create a work environment where our employees can develop professionally and help make our communities better places to live and work. We will do this by focusing on our core values and company vision to become the premier financial services company in Eastern Pennsylvania as measured by quality, earnings and growth.