Peoples Security Bank and Trust

What Peoples Security Bank and Trust does

Peoples Security Bank and Trust Company is a Pennsylvania-chartered community bank and wholly-owned subsidiary of publicly traded Peoples Financial Services Corp. (NASDAQ: PFIS), founded in 1905 as the First National Bank of Hallstead. It operates 40 full-service community offices across 15 counties in Pennsylvania, New York, and New Jersey, with a corporate headquarters in Dunmore, PA. Following the July 2024 all-stock merger with FNCB Bancorp (~$129 million), the combined holding company holds approximately $5.5 billion in assets and a market capitalization of roughly $444 million. The bank serves retail consumers, small and mid-size businesses, municipalities, mortgage customers (including a CRA-aligned Community Lending Program), and wealth/trust clients via subsidiaries Peoples Security Trust & Wealth Solutions and Peoples Security Wealth Advisors.

Name

Peoples Security Bank and Trust

Legal name

Peoples Security Bank and Trust Company

Website

https://psbt.com

Company type

Public

Founded year

1905

Operating status

Operating

Headcount range

251–500 employees

Short description

Peoples Security Bank and Trust is a Pennsylvania-chartered community bank subsidiary of Peoples Financial Services Corp. (NASDAQ: PFIS), operating 40 branches across PA, NY, and NJ following its 2024 merger with FNCB Bancorp, serving retail consumers, SMBs, and municipalities with deposits, lending, mortgage, and wealth management services.

Ownership category

akta.pro rank

Product category

Retail and Commercial Community Banking

NAICS

Depository Credit Intermediation (5221), Trusts, Estates, and Agency Accounts (52592)

SIC

State Commercial Banks (6022), Functions Related To Depository Banking, Nec (6099), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

Private Banking Custody, Depository & Safekeeping Services (FSABADAI), SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

Keywords

• Community banking services
• Consumer deposit accounts
• Commercial lending
• Residential mortgages
• Wealth management services

Headquarters

HQ city

Scranton

HQ country

United States

HQ region

North America

Offices40 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Net Interest Income: Primary revenue stream for the bank holding company, generated from the spread between interest earned on loans, mortgages, and the bond investment portfolio versus interest paid on deposits. Demonstrated by the $78.6 million U.S. Treasury bond portfolio repositioning in December 2025 (sold lower-yielding 1.18% yield securities, reinvested proceeds at higher yields, expected to add ~$2.8 million in interest income over 12 months). The bank holding company operates 40 full-service community banking offices generating deposits that fund lending.
2. Loan Interest Income (Consumer, Mortgage, Commercial): Interest earned on personal and auto loans, credit cards, mortgages and HELOCs, business loans and lines of credit, commercial real estate, equipment financing, and public financing. Interest rate floors and pricing are variable, as disclosed on the MaxEarnings Checking product (rates variable at bank's discretion).
3. Deposit Account & Service Fees: Fees on deposit accounts, including a $5.00 monthly minimum balance fee on MaxEarnings Checking when average daily balance falls below $100 (waived with recurring direct deposit), non-sufficient funds fees, stop payment fees, and other service charges disclosed in the Deposit Account Agreement. Per the Online Banking Agreement, Online Banking and Bill Payment are free for consumer and small business customers; Commercial and large organization customers have separate fee schedules.
4. Cash Management & Merchant Services Fees: Revenue from business banking cash management solutions (including Positive Pay check fraud service) and merchant services (smart terminals, tablet POS). Online merchant credit card processing is provided via Elan Financial Services.
5. Wealth Management & Trust Fees: Fee income from Peoples Security Trust & Wealth Solutions and Peoples Security Wealth Advisors (pswealthadvisors.com), providing investment advisory and trust services to personal and business customers.

Pricing tiers

Go-to-market motion4 records

Distribution channels8 records

Marketing channels8 records

Core offering

Peoples Security Bank and Trust is a community bank that delivers consumer and commercial banking products — including deposit accounts (checking, savings, money markets, CDs, IRAs), mortgage and consumer loans, business lending, cash management, merchant services, and wealth advisory — through 40 branches, a live Virtual Branch, the PSBT Mobile app, and online banking across Pennsylvania, New York, and New Jersey. Revenue is primarily generated through net interest income from loans and securities funded by deposits, supplemented by deposit account fees, cash management and merchant services fees, and wealth management/trust advisory fees.

Differentiator

Problem solved

Functional benefit

Brands

• PSBT Mobile: Mobile banking application for iOS and Android that provides account access, mobile deposit, card management, Zelle, and other digital banking features.
• Peoples Security Trust & Wealth Solutions
• Peoples Security Wealth Advisors
• MaxEarnings Checking
• MaxEarnings Saver
• Community Lending Program (CLP)
• Peoples Security Charitable Foundation

Products and services

• Everyday Checking Standard personal checking account designed for everyday banking needs, with free online banking, free debit card, free mobile deposit, 55,000 surcharge-free ATMs (Allpoint), free credit monitoring, Zelle, and no monthly minimum balance fee with recurring direct deposit.
• MaxEarnings Checking Tiered-interest personal checking account paying 5.00% APY on balances up to $10,000 when monthly qualifications (15+ debit card purchases of $5+ posting and settling, at least one qualifying direct deposit per statement cycle, and paperless/online statement enrollment) are met. Interest compounds monthly on the daily balance method. $25 minimum opening deposit; $5 monthly minimum balance fee waived with recurring direct deposit. Rates variable at bank's discretion.
• MaxEarnings Saver Companion high-yield savings account linked to MaxEarnings Checking that pays 3.00% APY on balances up to $24,999.99 (0.05% on balances $25,000+). No monthly minimum balance fee on balances over $25. Free online banking, mobile banking, and electronic statements.
• Online Savings Digital-first personal savings account offering a 3.00% APY promotional rate, opened online through the bank's account opening platform. No monthly minimum balance fee on balances over $100. U.S.-based virtual bankers, 24/7 online and mobile access, FDIC insured.
• Personal Money Market Personal money market deposit account with competitive, tiered interest rates, $2,500 minimum opening deposit, and up to 10 withdrawals per statement cycle.
• Relationship Money Market Money market account for customers maintaining a broader deposit or lending relationship with the bank, offering enhanced interest rate tiers.
• Pick Your Term CDs Personal certificates of deposit with a range of term options and a current 3.85% APY promotional rate on 6-, 9-, and 12-month terms. $5,000 minimum opening deposit, new money only.
• IRAs (Individual Retirement Accounts) IRA certificates and savings options for personal retirement planning.
• CDARS and ICS Insured Cash Sweep (ICS) and Certificate of Deposit Account Registry Service (CDARS) programs that allow customers to obtain multi-bank FDIC coverage on large deposits.
• Business Checking Business checking account for companies of varying sizes, supporting typical payment and cash-management needs.
• Business Savings Business savings account to hold reserves and earn interest on operating balances.
• Business Cash Management Cash management services for business customers, including ACH, wire, and liquidity management tools, plus Positive Pay check fraud service.
• Merchant Services Card acceptance and merchant payment processing services for business customers, including smart terminals, tablet POS, and online credit card processing via Elan Financial Services.
• Municipal Accounts Banking accounts tailored for municipalities and public-sector entities.
• Mortgages and Community Lending Program Residential mortgage products including first-time homebuyer mortgages, conventional fixed/ARMs, FHA/VA loans, refinances, HELOC, and home equity loans. The Community Lending Program offers rates up to 1% lower than the standard 30-year fixed (6.625% standard, floor of 5.00% effective 6/17/2026), 3% down, no PMI, minimum 640 credit score, 97% LTV, max 80% county median income per HUD, max 45% DTI. 0.25% rate reduction for autodraft from a PSBT checking account.
• Personal and Auto Loans Personal installment loans and auto loans for individual consumers, originated through the bank's lending channel.
• Private Student Loans Private student loan products for higher education financing, available through PSBT's personal lending channel.
• Personal and Business Credit Cards Co-branded Visa and Mastercard credit cards for personal and business use, issued by Elan Financial Services pursuant to separate licenses from Visa U.S.A. Inc. and Mastercard International Incorporated. 24-hour cardmember service at 800-558-3424.
• Business Loans and Lines of Credit Business loans and revolving lines of credit for small and mid-size businesses, served by local commercial lending professionals.
• Commercial Real Estate Lending Commercial real estate loans for businesses and investors in PSBT's service area.
• Equipment Financing Equipment financing for businesses, supported through the bank's affiliate 1st Equipment Finance, Inc.
• Public Financing Public financing loans for municipalities, schools, and non-profit entities served by the bank.
• Peoples Security Trust & Wealth Solutions Trust and wealth management services offering investment, estate, and wealth advisory solutions for personal and business customers.
• Peoples Security Wealth Advisors Investment advisory and financial planning services delivered through a separate wealth advisory brand (pswealthadvisors.com).

Quantifiable outcome

• Up to 5.00% APY on MaxEarnings Checking balances up to $10,000 when monthly qualifications are met.
• +5 more outcomes

Named customers1 record

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature6 records

Partnerships

Eight partnerships are on record, tiered flagship, core and minor.

• FNCB Bancorp, Inc.flagshipStrategic or Co-development Partner · 28 September 2023$129 million all-stock merger announced September 2023, approved by both companies' boards; shareholders approved March 22, 2024; expected to close in the first half of 2024. The combined bank holding company will have nearly $5.5 billion in assets and a market cap of approximately $444 million, headquartered in Scranton, Pennsylvania. Strategic rationale includes enhancing financial positions, operational capabilities, and market share in Pennsylvania, with planned EPS accretion and dividend increase. Leadership continuity from both companies.
• Elan Financial ServicescoreOEM/ Whitelabel/ Licensing PartnerElan Financial Services is the creditor and issuer of PSBT co-branded personal and business credit cards, pursuant to separate licenses from Visa U.S.A. Inc. and Mastercard International Incorporated. Elan powers the credit card login portal (myaccountaccess.com/onlineCard/login.do, theme elan1, loc 27277) and provides 24-hour cardmember service (800-558-3424). Mastercard and the circles design are registered trademarks.
• Allpoint NetworkcoreChannel Partner/ Reseller/ DistributorPSBT customers receive free access to 55,000+ surcharge-free ATMs nationwide through the Allpoint network, in addition to PSBT branch ATMs. Allpoint ATM locator is linked from the PSBT website.
• Zelle (Early Warning Services / bank consortium)coreTechnology or IntegrationPSBT Mobile and Online Banking integrate Zelle for free person-to-person payments, listed as a digital banking feature.
• Profitstars (Jack Henry)coreTechnology or IntegrationPSBT Online Banking links to Profitstars SmartPay for business bill pay (smartpay.profitstars.com/Business/Login/peoplessecuritybank) and SPE Loans express portal (smartpay.profitstars.com/express/SPE%20Loans/), indicating back-office loan payment and merchant services infrastructure.
• Apple App Store / Google PlaycoreChannel Partner/ Reseller/ DistributorPSBT Mobile app distributed via App Store (id 964974394) and Google Play (com.peoplessecuritybank4407.mobile).
• Google Maps / Google BusinessminorChannel Partner/ Reseller/ DistributorPSBT branch pages integrate Google Maps for directions and 'Get Directions' deep links (e.g., North Allegheny branch, Honesdale, Hazleton).
• SAFDN (Scranton Area Foundation)minorImplementation/ SI/ Consulting PartnerPSBT Scholarship Award applications are hosted and administered through SAFDN at safdn.org/scholarship-application/ and safdn.org/scholarships/peoples-security-bank-and-trust-company-scholarship-award/.

Scale indicators9 records

Recent moves8 records

Expansion highlights7 records

Direct peers

• S&T Bancorp: Pennsylvania-based community bank holding company serving Western and Central PA with consumer and commercial banking; directly overlapping on PA geography and product mix.
• F.N.B. Corporation: Large Mid-Atlantic and Northeast regional bank holding company headquartered in Pittsburgh, PA, with overlapping geographic footprint in PA, NY, and NJ and a comparable mix of consumer, business, mortgage, and wealth products. Closest direct comp on scale, region, and product breadth.
• Northwest Bancshares: Community-focused bank holding company operating branches across Pennsylvania, New York, and Ohio, with similar deposit and mortgage products and a comparable mid-cap community bank profile.
• First Commonwealth Financial: Pennsylvania-headquartered community bank with a similar mix of consumer, mortgage, and commercial lending products and overlapping Western and Central PA geography.
• CNB Financial Corporation: Pennsylvania-based community bank holding company offering consumer, commercial, and wealth services with overlapping PA footprint and similar community-bank positioning.
• Univest Financial Corporation: Pennsylvania-headquartered community bank and wealth management firm serving Eastern and Central PA — directly comparable on PA geographic overlap and community-bank model.
• Mid Penn Bancorp: Central Pennsylvania community bank holding company with consumer, mortgage, and commercial banking; comparable scale and rural/regional community bank profile.
• Tompkins Financial Corporation: Community-focused bank holding company with overlapping NY (Southern Tier) and PA presence, similar size band, and a comparable community-bank operating model.
• Bryn Mawr Bank Corporation: Southeastern Pennsylvania-based bank and wealth advisory with comparable consumer, mortgage, and wealth products and a similar community-bank positioning in the Greater Philadelphia region.

Broad incumbents

• Atlantic Union Bankshares: Larger Virginia-headquartered regional bank with Mid-Atlantic expansion including Pennsylvania, offering a broader commercial and wealth platform — a useful scaled-up incumbent reference point.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/peoplessecurity
• Facebookfacebook.com/psbNEPA

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Peoples Security Bank and Trust