Citizens Financial Services, Inc. and HV Bancorp, Inc. Sign Definitive Merger Agreement
| Announcements
Citizens Financial Services, Inc. (NASDAQ: CZFS) (the Company or CZFS), the holding company for First Citizens Community Bank (FCCB), and HV Bancorp, Inc. (NASDAQ: HVBC) (HVBC), the holding company for Huntingdon Valley Bank (HVB), are pleased to jointly announce entry into a definitive agreement (the Agreement) pursuant to which HVBC will merge with and into CZFS. Under the terms of the Agreement, the shareholders of HVBC will have the right to elect to receive for each share of HVBC common stock either $30.50 in cash or 0.400 shares of CZFS common stock, or approximately $67.4 million in the aggregate. Elections will be subject to proration procedures whereby 80% of the shares of HVBC common stock will be exchanged for CZFS common stock and 20% of the shares of HVBC common stock will be exchanged for cash.
Read MoreCitizens Financial Services, Inc. Declares Quarterly Cash Dividend
| CZFS
The Board of Directors of Citizens Financial Services, Inc. (CZFS), the bank holding company for First Citizens Community Bank (FCCB), recently declared a cash dividend for its shareholders.
Read MoreKathleen Campbell Assumes Role of Project Specialist at FCCB
| Employees
After more than 20 years of service at FCCB (First Citizens Community Bank) Kathleen Campbell, SVP, Marketing Manager, is assuming the role of Project Specialist this September as she enters partial retirement. As such, she will be responsible for planning, organizing, and directing the completion of products and procedures that will elevate the Bank?s product line and create efficiencies for its employees.
Read MoreHeather Sargent Appointed to Statewide Advisory Committee
| Employees
Heather Sargent, Marketing & Communications Coordinator at First Citizens Community Bank in Mansfield, Pennsylvania, has been appointed to the Pennsylvania Bankers Association?s (PA Bankers) Young Professionals Advisory Committee. Sargent will serve a 3-year term, starting July 1, 2022.
Read MoreFCCB Ranked #1 Bank in Pennsylvania and 55th Nationwide by American Banker
08/11/2022 | Accolades
For the 15th consecutive year, FCCB (First Citizens Community Bank) has been recognized by American Banker as one of the top performing community banks, ranking first in the state of Pennsylvania where they are headquartered, and 55th in the nation. For this ranking, financial institutions are grouped by asset size and ranked based on three-year average return on equity from 2019 to 2021. In 2021, FCCB exceeded the $2 billion asset mark, resulting in a new peer group for comparison.
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