Citizens Financial Services, Inc. Declares Quarterly Cash Dividend

MANSFIELD, Pa., March 11, 2019 /PRNewswire/ -- The Board of Directors of Citizens Financial Services, Inc. (OTCPink: CZFS), the bank holding company for First Citizens Community Bank, recently declared a cash dividend for its shareholders.

The cash dividend of $0.445 per share is payable on March 29, 2019 to shareholders of record at the close of business on March 15, 2019. This quarterly cash dividend is an increase of 3.3% over the regular cash dividend of $0.431 per share declared one year ago, as adjusted for the 1% stock dividend declared in June 2018.

"As in the past, our strategic tenets remain: financial performance to produce exceptional shareholder value, growth through relationship building and geographic expansion, exceeding customer expectations at all points of contact, and supporting the well-being of our communities," commented Randall E. Black, CEO & President. "Our 2018 financial results have allowed us to consistently pay an attractive cash dividend while meeting our strategic goals."

Citizens Financial Services, Inc. is a $1.44 billion bank holding company conducting business through First Citizens Community Bank.  First Citizens Community Bank operates 28 offices in Pennsylvania and New York. 

For further information regarding the common stock of Citizens Financial Services, Inc., please contact any of the following firms:  Automated Trading Desk, 866-283-2831; Boenning & Scattergood, Inc., 800-842-8928; Keefe, Bruyette & Woods, Inc., 800-342-5529; Monroe Securities Inc., 800-766-5560; Pershing LLC, 201-413-2700; RBC Capital Markets Corp., 800-959-5951; Sandler O' Neill & Partners, 212-466-8020; Stifel, Nicolaus & Co., Inc., 973-549-4200; UBS Securities, LLC, 203-719-8710.

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.