CITIZENS & NORTHERN CORPORATION (NASDAQ:CZNC) Files An 8-K Other Events

ITEM 8.01. Other Events

On January 19, 2017, the Company adopted a director resignation
policy as part of its ongoing evaluation of its corporate
governance policies and practices. to the policy, any director
nominee who, in an uncontested election of directors, fails to
receive more votes in favor of such nominee’s election than
withheld shall tender to the Board of Directors his or her
resignation. The Corporate Governance and Nominating Committee
shall then make a recommendation to the Board with respect to the
tendered resignation, taking into account any factors the
committee deems relevant. The Board shall then act on the
tendered resignation, no later than 120 days following the
certification of the results of the applicable annual meeting. If
the resignation is not accepted, the director shall continue to
serve until the expiration of his or her term and until his or
her successor is elected and qualified, or until his or her
earlier resignation or removal.

The foregoing description of the policy is qualified in its
entirety by reference to the full text of the policy, which is
attached as Exhibit 99.1 to this Current Report on Form 8-K and
incorporated herein by reference.

ITEM 9.01. Financial Statements and Exhibits

Exhibit 99.1: Director Resignation Policy

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.

CITIZENS & NORTHERN CORPORATION (NASDAQ:CZNC) Recent Trading Information

CITIZENS & NORTHERN CORPORATION (NASDAQ:CZNC) closed its last trading session up +0.34 at 25.31 with 27,212 shares trading hands.