First Citizens Community Bank Holding Company Announces Cash, Stock Dividend for Shareholders

First Citizens Community Bank logoFirst Citizens Community Bank’s bank holding company, the Board of Directors of Citizens Financial Services, Inc. (CZFS), announced that there is a cash and stock dividend for CZFS shareholders.

According to CZFS, the cash dividend is $.415 per share, while the stock dividend is 1%. Both are payable on Thursday, June 30th, 2016, to shareholders of record on Thursday, June 23rd, 2016. Last year, the regular cash dividend was $.405. There was a 2.5% increase for this quarterly cash dividend.

CEO and President Randall E. Black issued the following statement regarding the cash and stock dividend, “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.”

Citizens Financial Services, Inc., a $1.2 billion bank holding company, conducts business via First Citizens Community Bank. There are 25 First Citizens Community Bank operated offices throughout Pennsylvania and New York.

The OTC Pink Market lists Citizens Financial Services, Inc. common stock. It is traded under the CZFS symbol.