Peoples Ltd. Declares Stock Split

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Rhea-AI Summary

Peoples (OTC:PPLL), the parent company of PS Bank, has announced a 2-for-1 stock split to be distributed on May 30, 2025. The split was approved by the Board of Directors during their regular meeting on April 23, 2025, and will be available to shareholders of record as of May 16, 2025.

PS Bank, established in 1914, operates as an independent community bank with presence across Bradford, Sullivan, Wyoming, Lackawanna, and Susquehanna counties. The company's stock trades in the Over-the-Counter market under the symbol PPLL.

Positive

2-for-1 stock split increases share liquidity and makes shares more accessible to retail investors
Stock split signals management's confidence in company's growth prospects

Negative

None.

04/24/2025 - 03:03 PM

WYALUSING, Pa., April 24, 2025 /PRNewswire/ -- The Board of Directors of Peoples Ltd. (OTC:PPLL), the parent company of PS Bank, has declared a 2-for-1 stock split payable on May 30, 2025.

The stock split, declared at the regular meeting of the Board of Directors on April 23, 2025, will be payable to shareholders of record May 16, 2025.

Peoples Ltd. is the holding company for PS Bank. PS Bank is an independent community bank, established 1914, with locations throughout Bradford, Sullivan, Wyoming, Lackawanna, and Susquehanna counties. Stock of Peoples Ltd. is traded in the Over-the-Counter market under the symbol PPLL. Learn more about PS Bank at www.PSBanking.com.

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SOURCE Peoples Ltd.

FAQ

When is the PPLL stock split record date and payment date?

The record date is May 16, 2025, and the payment date is May 30, 2025.

What is the ratio of Peoples (PPLL) stock split announced in April 2025?

Peoples announced a 2-for-1 stock split.

How will the PPLL stock split affect shareholders' holdings?

Shareholders will receive one additional share for each share held on the record date, doubling their total shares while the price per share will be halved.