CITIZENS Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
ITEM 5.02.
On February 26, 2019, Jan E. Fisher, a director of Citizens & Northern Corporation (the “Corporation”) and its wholly-owned banking subsidiary, Citizens & Northern Bank (the “Bank”), communicated to the Board of Directors her intent to resign as a director of the Corporation, effective as of the Corporation’s annual meeting of shareholders on April 18, 2019, even though there would be one year remaining in her term as director. She will also resign as a director of the Bank effective as of April 18, 2019. Mrs. Fisher’s decision to resign was not the result of a disagreement with the Corporation on any matter relating to the Corporation’s or the Bank’s operations, policies or practices.
Attached as Exhibit 99.1 is the Press Release issued by the Corporation announcing Mrs. Fisher’s resignation.
| ITEM 9.01 | Financial Statements and Exhibits. |
| 99.1 | Press Release of Citizens & Northern Corporation dated March 1, 2019 |
CITIZENS & NORTHERN CORP Exhibit
EX-99.1 2 tv515175_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 March 1,…
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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.