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C&N Contributes To Coudersport Firefighters

Posted Tuesday, 14 February 2012 14:51 | Filed under C&N News

CVFD Donation

C&N Coudersport Branch Manager
Michael Wetzel, left, presents the check to CVFD President Brian Wilson.

COUDERSPORT, PA – Citizens & Northern Bank has donated $500 to the Coudersport Volunteer Fire Department to assist in the department’s efforts to raise funds for new equipment.

C&N Coudersport Branch Manager Michael Wetzel presented the check to Brian Wilson, fire department president.

The Coudersport Volunteer Fire Department was founded in 1885 to protect downtown Coudersport following several devastating fires. The current membership accounts for hundreds of years of experience and the average member has belonged to the fire department for 20 or more years.

“Citizens & Northern is pleased to show its support for this all-volunteer department. Its members have given countless hours of dedicated, selfless service to our local community,” said Wetzel. “We hope others will follow suit and continue to support our local firefighters.”

Citizens & Northern Bank is a local, independent community bank providing complete financial, investment and insurance services through 26 full service offices throughout Cameron, Potter, McKean, Tioga, Bradford, Sullivan and Lycoming counties in Pennsylvania and in Canisteo and Hornell, NY in Steuben County. C&N can be found on the worldwide web at www.cnbankpa.com. The Company’s stock is listed on NASDAQ Capital Market Securities under the symbol CZNC.
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Applicants Sought for Every Scholarship

Posted Wednesday, 08 February 2012 15:47 | Filed under C&N News

WELLSBORO, PA – High school seniors pursuing studies in medicine, education or engineering are invited to apply for a scholarship offered through the Joseph R. Every Scholarship Fund.

Applicants are sought for the 2012 fall semester. Completed applications are due to the student’s high school guidance office by April 2, 2012 or to a Citizens & Northern Bank branch office by April 6, 2012. Applicants must be a high school senior or graduate of a public or non-public high school in Bradford or Tioga County, PA or Chemung County, NY. Applicants must be accepted to an accredited college, university or professional school in a program leading to a degree in education or medicine, including medical research for human diseases. If too few students apply with those majors, preference will be given to students who express an interest in the fields of civil, mechanical, electrical or metallurgical engineering, or any other field that would improve society.

In addition, applicants must have a cumulative grade point average of at least 2.0. Consideration will be given to financial need.

Students interested in more information may contact Citizens & Northern Bank’s Trust and Financial Management Group at 888-987-8784 or their high school guidance counselors.

The Joseph R. Every Scholarship Fund was created under the Last Will and Testament of Joseph R. Every, who died Sept. 8, 2005. Citizens & Northern’s Trust and Financial Management Group serves as Trustee of the annual award.

Joseph R. Every was a long-time operator of a construction business and had a great desire to help area students pursue higher education. His intent was to provide scholarships to well-deserving seniors and graduates from public and non-public high schools in Bradford, Tioga and Chemung counties. Mr. Every believed that special consideration should be given to average students with ambition and the potential to contribute positively to society. In addition, he directed that the successful recipient of funds must not smoke tobacco or use illegal drugs or alcoholic beverages.

The scholarship award will be for the first year of higher education only and will be in an amount determined by the Selection Committee. A maximum award of $10,000 may be made. Funds may be used to help pay for tuition, books and room and board. Payments from the trust will be made directly to the university or college the recipient attends. Under the terms of Mr. Every’s will, final scholarship awards will be determined by a Selection Committee comprised of four employees of Citizens & Northern Bank, scholarship fund Trustee, and one representative of the Finance Committee of Holy Child Roman Catholic Church in Mansfield.

The C&N Trust and Financial Management Group, a division of Citizens & Northern Bank, maintains offices in Wellsboro, Sayre, Towanda, Williamsport, Coudersport and Canisteo. The division, founded in 1960, provides a wide range of investment, trust and retirement plan services to individuals and organizations.
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January BanCNotes 2012

Posted Wednesday, 08 February 2012 15:46 | Filed under C&N News

This Quarter's Topics:

  • E-Banking: The Future Is Now
  • Bank 24-7 - We Have An App For That!
  • Save Time, Trees With e-Statements and Bill Pay
  • Are You In The Gas & Oil Business?
January BanCNotes 2012 [pdf]
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C&N Trust Officer Receives MBA

Posted Thursday, 02 February 2012 15:50 | Filed under C&N News

Philip Prough

Philip Prough

WELLSBORO, PA –Philip Prough, director of Financial Service Delivery and vice president and Trust officer with the C&N Trust and Financial Management Group, has received his master of business administration degree from Colorado State University.

Colorado State University has been accredited by The Association to Advance Collegiate Schools of Business International, the benchmark of academic excellence for business schools. The university is accredited regionally by the North Central Association of The Higher Learning Commission. CSU’s MBA program offers advanced learning of business aspects and operations with an emphasis on management and leadership.

Prough has been a C&N employee since 2000. He is an honors graduate from Lycoming College, receiving his bachelor of arts degree in accounting. He has held the designation of Certified Financial Planner® practitioner since 2003.

Prough’s current responsibilities are the oversight of the delivery of Citizens & Northern Bank’s financial services, including the sales and service of Trust, Brokerage and Insurance services. He also retains account administration duties for his clients. He works from the bank’s Wellsboro office.

Assets under management by C&N’s Trust and Financial Management Group totaled $634,782,000 at the end of 2011. A division of Citizens & Northern Bank, the group has offices in Canisteo, NY, Coudersport, Sayre, Towanda, Wellsboro and Williamsport.
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C&N Trust Officers Earn Designations

Posted Monday, 30 January 2012 16:03 | Filed under C&N News

Trust Team

WELLSBORO, PA – Two members of the C&N Trust and Financial Management Group team have received designations from the American Society of Pension Professionals and Actuaries.

Michael S. Hatlee, vice president and manager of Retirement Services Delivery, has received the Qualified Plan Financial Consultant (QPFC) and the Qualified 401(k) Administrator (QKA) designations. Nathan Gage, assistant vice president and Retirement Services support manager, has earned the QKA designation. Both men work from the C&N Trust and Financial Management Group offices in Wellsboro.

The American Society of Pension Professionals and Actuaries (ASPPA) is the premier national organization for career retirement plan professionals. The membership is comprised of the many disciplines supporting retirement income management and benefits policy. Members are part of the diversified, technical, and highly regulated benefits industry.

Hatlee has a combined total of 18 years of experience as a trust department officer, including 15 years delivering retirement plan administration and investment services. Prior to joining the C&N Trust and Financial Management Group in 2006, he managed the Retirement Services Group at Chemung Canal Trust Company in Elmira, NY. He is an honors graduate of Cornell University, where he received his Bachelor of Science degree in 1986.

Gage earned his bachelor’s degree from Pennsylvania State University and his Master of Business Administration degree from the University of Southern Maine. He has 10 years of experience in the financial services industry, with eight of those working specifically with retirement plans. He joined the C&N Trust and Financial Management Group in 2006. A resident of Wellsboro, he serves on the board of the Northcentral Area Health Education Center.

Assets under management by C&N’s Trust and Financial Management Group totaled $634,782,000 at the end of 2011. A division of Citizens & Northern Bank, the group has offices in Canisteo, NY, Coudersport, Sayre, Towanda, Wellsboro and Williamsport.
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Citizens & Northern Corporation Declares Dividend

Posted Thursday, 19 January 2012 16:37 | Filed under C&N News

WELLSBORO, PA- Directors of Citizens & Northern Corporation, parent company of Citizens & Northern Bank, have declared a regular quarterly cash dividend of $0.18 per share. The record date is January 30, 2012 and it is payable on February 10, 2012 to shareholders of record. The amount is increased from the previous dividend of $0.16 per share, which was paid in November, 2011, and is the eighth consecutive quarterly increase in the dividend.

Declaration of the dividend was made at the January 19, 2012 meeting of the C&N Board of Directors. Citizens & Northern Corporation is the parent company of Citizens & Northern Bank.

Citizens & Northern Bank is a local, independent community bank providing complete financial, investment and insurance services through 26 full service offices throughout Bradford, Cameron, Lycoming, Potter, McKean, Steuben, Sullivan and Tioga Counties. C&N can be found on the worldwide web at www.cnbankpa.com. The Corporation’s stock is listed on NASDAQ Capital Market Securities under the symbol CZNC.