Wyalusing, PA – The Board of Directors of Peoples Ltd. (OTC:PPLL), the parent company of PS Bank, has declared a fourth quarter cash dividend of $0.62 per share and a 5% stock dividend payable on December 15, 2023.   The 2023 fourth quarter dividend represents an 9.06% increase over the regular cash dividend in the fourth quarter of 2022.   Total cash dividends paid in 2023 of $2.44 represent an increase of 10.02% over the cash dividends paid in 2022.  The cash and stock dividend, declared at the regular meeting of the Board of Directors on October 25, 2023, will be payable to shareholders of record December 1, 2023.

Note:  This press release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995.  Actual results and trends could differ materially from those set forth in such statements due to various factors.  These factors include operating, legal and regulatory risks; changing economic and competitive conditions and other risks and uncertainties.

Peoples Ltd. is the holding company for PS Bank.  PS Bank is an independent community bank established in 1914 with locations throughout Bradford, Sullivan, Wyoming, Lackawanna, and Susquehanna counties

PS Bank is a full-service financial institution with branches throughout Northeastern and North Central Pennsylvania.