On Friday, May 29, 2020, the Board of Directors appointed Thomas P. Tulaney to President and Chief Operating Officer of Peoples Security Bank and Trust Company and Peoples Financial Services Corp. (NASDAQ: PFIS). Mr. Tulaney was also appointed to the Bank's Board of Directors.
Mr. Craig W. Best, former President and Chief Executive Officer, will continue to serve as CEO of Peoples Security Bank and Trust. Mr. Best will continue to focus on the bank's strategy and long-term goals.
Mr. William E. Aubrey II, Chairman of the Board, stated "Peoples Security Bank's Board and Mr. Best are pleased to recognize Tom as a leader. He has played an instrumental role in executing our business strategies, and his leadership and ongoing contributions are key factors in the decision leading to his appointment".
Mr. Tulaney most recently served as Peoples Security Bank and Trust's Senior Executive Vice President and Chief Operating Officer (COO). As the bank's President and COO, he will be responsible for the daily operations. With over 39 years of banking experience, Mr. Tulaney's personal accomplishments along with his past and present banking associations demonstrate his integrity and strength to ensure our bank continues to meet the expectations of our shareholders, employees, customers and the needs of our local communities.
"Peoples Security Bank & Trust is a community leader in the financial industry," said Mr. Tulaney. "I am honored to accept this leadership role and look forward to working with our entire team as we navigate together to ensure the bank remains on a path of continued growth and success."
Mr. Tulaney joined the bank's Commercial Banking Division as Executive Vice President, Chief Lending Officer in April 2011 after serving as Senior Executive Vice President, Commercial Sales Division Manager at another local financial institution. Upon joining the bank, he was responsible for developing new commercial banking business. His community involvement includes serving on the boards of Lackawanna College, Scranton Counseling Center and The Community Support Group, as well as currently serving as Trustee of the Peoples Security Charitable Foundation and the Roy W. Piper Charitable Trust.
