Farmers Trust and Savings Bank Customer FAQs

  

What is happening between Farmers Trust and Savings Bank (FTSB) and Peoples State Bank of Wells (PSB)? An agreement was signed by FTSB and PSB in which FTSB will acquire PSB and merge into FTSB.
What is the timing of the merger? The transaction is subject to regulatory approval and customary closing conditions and is expected to be completed in the first quarter of 2026. Until then, both banks will continue to operate independently.
Why are the banks merging? This strategic move expands our community banking reach into a neighboring rural market and strengthens our shared commitment to supporting local families, businesses, and agriculture. Together, we’re creating new opportunities for our customers and deepening our impact across the communities we serve.
What are the benefits of the merger? Customers will gain access to a wider range of products, enhanced digital banking tools, online account opening, e-sign, contactless cards, and expanded lending resources—all while continuing to work with the same local bankers they know and trust.
Do customers need to take any action right now? No, there are no immediate changes and customers will continue to receive the excellent service they have always depended on.
Will my accounts or services change? Not at this time. Debit cards and checks will continue to work. We are in the early stages of the acquisition, and any decisions affecting account numbers, checks, cards, and other services will be communicated clearly and with advanced notice.
How will this affect customer experience? The acquisition will enhance convenience and access, allowing us to better serve customers through improved products, services, and technology.
How will we keep customers informed? We will share updates as soon as decisions are finalized and confirmed. Transparency and communication are priorities throughout this process.