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2016 Q1 EARNINGS

For Release Contact

May 2, 2016 Philip O Farr, CFO

(570) 746-8733

Peoples LTD Announces First Quarter Earnings

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Wyalusing, PA – Anthony J. Gabello, President and Chief Executive Officer of Peoples LTD, holding company for PS Bank, has announced results for the first quarter 2016.  Consolidated net income year-to-date was $743,000, or $1.35 earnings per share, compared to first quarter 2015 net income in the amount of $720,000 or $1.31 per share as adjusted for the 5% stock dividend at year-end 2015.

Year-to-date return on assets was 0.96% as of March 31, 2016 compared to 0.95% for the same period in 2015.  Year-to-date return on equity was 10.85% as of March 31, 2016 compared to the prior year-to-date of 11.42%.

Total assets increased to $311,628,000 from $306,621,000 as of December 31, 2015.  Deposits increased to $263,710,000 compared to $259,930,000 as of December 31, 2015.  Loans increased to $197,246,000 from $192,819,000 as of year-end 2015.

“We are pleased to announce that in early April our Clarks Summit Office opened for business, marking our entry into the Lackawanna County market.  We also opened our new mortgage division, PS Mortgage, in nearby Clarks Green.  We believe that these initiatives will provide long term growth opportunities for our bank and are excited to be part of the Lackawanna County landscape,” Gabello stated.

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 1914, with branch locations throughout Bradford, Sullivan, Wyoming, and Lackawanna counties.  Stock of Peoples LTD has a book value as of $50.89 as of March 31, 2016.  Peoples LTD is traded in the Over-the-Counter market under the symbol PPLL.  Learn more about PS Bank at PSBanking.com.

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