CITIZENS Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersITEM 5.02.
On September 29, 2017, Edward H. Owlett, III, a director of Citizens & Northern Corporation (the "Company") and its wholly-owned banking subsidiary, Citizens & Northern Bank (the "Bank"), communicated to the Chairman of the Governance and Nominating Committee of the Board of Directors of the Company his intent not to stand for nomination and re-election as a director of the Company at the Company's annual meeting of shareholders in 2018.
About CITIZENS & NORTHERN CORPORATION (NASDAQ:CZNC)
Citizens & Northern Corporation is a holding company whose principal activity is community banking. The Company, through its subsidiaries, is primarily engaged in providing a range of banking and mortgage services to individual and corporate customers in North Central Pennsylvania and Southern New York State. The Company operates through Community Banking segment. The Company offers lending products, including mortgage loans, commercial loans and consumer loans, as well as specialized instruments, such as commercial letters-of-credit. Its deposit products include various types of checking accounts, passbook and statement savings, money market accounts, interest checking accounts, Individual Retirement Accounts (IRAs) and certificates of deposit. It also offers non-insured Repo Sweep accounts. It provides trust and financial management services, including administration of trusts and estates, retirement plans, and other employee benefit plans, and investment management services.