Business Description
Citizens Financial Services, Inc., a Pennsylvania corporation, was incorporated
on April 30, 1984 to be the holding company for First Citizens Community Bank
(the “Bank”), which until 2012, and in connection with its conversion
from a national bank to a Pennsylvania-chartered bank and trust company, operated
under the name First Citizens National Bank. The Company is primarily engaged
in the ownership and management of the Bank and the Bank’s wholly-owned
insurance agency subsidiary, First Citizens Insurance Agency, Inc. On December
11, 2015, the Company completed the acquisition of The First National Bank of
Fredericksburg (“FNB”) by merging FNB into the Bank, with the Bank
as the resulting institution.
The Bank is a full-service bank engaged in a broad range of banking activities
and services for individual, business, governmental and institutional customers.
These activities and services principally include checking, savings, and time
deposit accounts; residential, commercial and agricultural real estate, commercial
and industrial, state and political subdivision and consumer loans; and a variety
of other specialized financial services. The Trust and Investment division of
the Bank offers a full range of client investment, estate, mineral management
and retirement services.
The Bank’s main office is located at 15 South Main Street, Mansfield,
(Tioga County) Pennsylvania. The Bank’s primary market area consists of
the Pennsylvania Counties of Bradford, Clinton, Potter and Tioga in north central
Pennsylvania. It also includes Allegany, Steuben, Chemung and Tioga Counties
in Southern New York. With the completion of the FNB acquisition, the Bank has
added seven additional banking offices in south central Pennsylvania; four offices
in Lebanon Country, two offices in Schuylkill County, and one office in Berks
County. The economy of the Bank’s market areas are diversified and include
manufacturing industries, wholesale and retail trade, service industries, agricultural
and the production of natural resources of gas and timber. We are dependent
geographically upon the economic conditions in both north central and south
central Pennsylvania, as well as the southern tier of New York. In addition
to the main office in Mansfield and the additional seven offices acquired from
FNB, the Bank has 16 other full service branch offices in its market areas.
0.82% 
150.04 %