Peoples Security Bank and Trust Company has acquired the asset management and retirement plan services assets of Edward J. Gilmartin/Gilmartin Associates. The company announced that Edward J. Gilmartin will join the bank's Wealth Management Group as Managing Director of Retirement Plan Services. In his new role, Mr. Gilmartin will continue to focus on servicing existing qualified plan clients of the combined firms as well as expand these services to privately held businesses and corporations throughout Northeastern Pennsylvania.

The Gilmartin team will remain intact, as Nick Ganz, Operations Manager, Retirement Plan Services, and Susan Sariti, Insurance, Retirement Plan Services Coordinator both long time and valued employees with Gilmartin Associates, will join Ed in the Retirement Plan Services division.