Peoples Financial Services Corp. has announced amendments to its bylaws, effective May 30, 2025. The changes clarify that the roles of Chief Executive Officer and President can be held by different individuals, with references to the President also including the Chief Executive Officer. Additionally, it specifies the composition and voting rights of the Executive Committee when these roles are separated, noting that officers who are not directors do not have voting rights or count for quorum purposes on the committee.
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