Citizens Financial Services, Inc. Declares Quarterly Cash and Stock Dividend

MANSFIELD, Pa., June 9, 2016 /PRNewswire/ -- The Board of Directors of Citizens Financial Services, Inc. (CZFS) the bank holding company for First Citizens Community Bank, recently declared a cash and stock dividend for CZFS shareholders.

The cash dividend of $.415 per share along with a 1% stock dividend, is payable on June 30, 2016 to shareholders of record on June 23, 2016.  This quarterly cash dividend is an increase of 2.5% over the regular cash dividend of $.405 declared a year ago. 

"As we focus on growing our Company and expanding our services in our Southcentral market, our financial performance remains strong.  This strength and commitment to providing a solid return to our shareholders will continue to drive our efforts as a strong, independent community bank," stated Randall E. Black, CEO and President.

Citizens Financial Services, Inc. is a $1.2 billion bank holding company conducting business through First Citizens Community Bank.  First Citizens Community Bank operates 25 offices in Pennsylvania and New York. 

Citizens Financial Services, Inc. common stock is listed on the OTC Pink Market and is traded under the symbol CZFS. 

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.