Citizens Financial Services, Inc. Declares Cash Dividend

MANSFIELD, Pa., March 11, 2015 /PRNewswire/ -- The Board of Directors of Citizens Financial Services, Inc. (CZFS) the bank holding company for First Citizens Community Bank, recently declared a cash dividend for CZFS shareholders.

The cash dividend of $.405 per share is payable on March 27, 2015 to shareholders of record on March 20, 2015.  This quarterly cash dividend is an increase of 5.2% over the dividend declared a year ago. "The continued strength of our financial performance has permitted us to continue to pay an attractive cash dividend and reflects the Board of Directors' desire to provide total shareholder return to our shareholder base," stated Randall E. Black, CEO and President.

Citizens Financial Services, Inc. is a $920 million bank holding company conducting business through First Citizens Community Bank.  First Citizens Community Bank operates 18 full-service offices in Pennsylvania and New York as well as a loan production office in Dallas, PA. 

For further information regarding the stock of Citizens Financial Services, Inc., please contact any of the following firms:  Boenning & Scattergood, Inc., 610-832-1212; Monroe Securities Inc., 800-766-5560; Knight Capital Group, Inc., 800-544-7508; Citadel LLC, 312-395-2100.

Note: This press release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results and trends could differ materially from those set forth in such statements due to various factors. These factors include operating, legal and regulatory risks; changing economic and competitive conditions and other risks and uncertainties.

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SOURCE Citizens Financial Services, Inc.