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C&N Donates To Goodies For Our Troops

Posted Monday, 15 August 2011 12:13 | Filed under C&N News

 

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Mike Goodreau, left, C&N Business Development Officer, presents the check to Goodies For Our Troops volunteers, from left, Mike Baker, Heidi Zuchowski, Phyllis Taylor and Founder and Co-director
Dawn Pletcher.

WELLSBORO, PA - Goodies For Our Troops, based in Wellsboro and serving soldiers from throughout the country, has received a $500.00 donation from Citizens & Northern Bank. The funds will be used to purchase items for the packages sent to soldiers and to defray postage expenses.

Now in its seventh year, Goodies For Our Troops is a nonprofit organization that has been providing various types of snacks, personal items and food to soldiers who have been deployed in Iraq and Afghanistan. Soldiers who have any relationship to the Twin Tiers are eligible to receive packages. “That means just about any soldier is eligible,” said Dawn Pletcher, founder and co-director. Anyone may submit a soldier's name and address via mail: P.O. Box 383, Wellsboro, PA 16901; e-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it or phone: 570-662-5601.

“We are pleased to be able to make this contribution to help bring a touch of home to the men and women serving our nation overseas,” said Charles H. Updegraff, Jr., C&N chairman, president and CEO. “We applaud the volunteers who give their time to help sort and pack items for shipment to those who serve so far from home.”

Goodies For Our Troops is always in need of volunteers and donations, said Pletcher. Anyone with even a half hour to spare can help package the donations to send overseas. The volunteers work from Park Hill Manor at Grant and Waln Street in Wellsboro. To find out more about Goodies For Our Troops, contact Pletcher at the address, phone number or e-mail above. Those interested may also visit the organization at its Facebook Page: facebook.com/GoodiesForOurTroopsCause.

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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Citizens & Northern Corporation Declares Dividend

Posted Friday, 22 July 2011 09:41 | 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 $0.15 per share. The record date is August 1, 2011 and it is payable on August 12, 2011 to shareholders of record. The amount is increased from the previous dividend of $0.14 per share, which was paid in May, 2011, and is the sixth consecutive quarterly increase in the dividend.

Declaration of the dividend was made at the July 21, 2011 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.
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July 2011 BanCNotes

Posted Thursday, 21 July 2011 10:15 | Filed under C&N News

This Quarter's Topics:

  • If You Like Us, "Like" Us On Facebook!
  • Minimize Capital Gains Taxes With Like-Kind Exchange
  • Chat With Us Online!
  • Banking on the Go!
  • Loan Rates Are Still LOW!
  • 2012 Calendar Photo Contest Deadline Is August 1st
July BanCNotes 2011 [pdf]
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Like us on Facebook!

Posted Tuesday, 19 July 2011 10:56 | Filed under C&N News
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C&N Announces Second Quarter 2011 Unaudited Financial Results

Posted Friday, 15 July 2011 15:17 | Filed under C&N News

WELLSBORO, PA - Citizens & Northern Corporation (C&N) announced its unaudited, consolidated financial results for the second quarter and first six months of 2011.

Net income available to common shareholders was $5,697,000, or $0.47 per share – basic and diluted in the second quarter 2011. Second quarter 2011 earnings were up from $5,541,000, or $0.46 per share – basic and $0.45 per share – diluted in the first quarter 2011, and second quarter 2011 earnings were up 27% from net income per share of $0.37 in the second quarter 2010. For the first six months of 2011, net income was $11,238,000, or $0.92 per share, up 29.6% from earnings per share of $0.71 for the first six months of 2010.

Some of the more significant fluctuations in the components of earnings are as follows:

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Ten Potter County Students Win Norton Scholarships

Posted Tuesday, 12 July 2011 10:40 | Filed under C&N News

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William and Margaret Norton

SHINGLEHOUSE, PA - Ten Oswayo Valley High School students have received a total of $115,000 in scholarships from the William and Margaret Norton Scholarship Trust. The scholarship grants awarded range from two to four years and are dependent upon satisfactory academic progress.

The trust was created by the Nortons upon their deaths and is designed to help graduates of Oswayo Valley High School afford a post secondary education. The scholarship is open to all graduates of Oswayo Valley High School in Potter County. 2010 graduates earning scholarships are Samantha Walker and Aaron Duell.

2011 graduates receiving grants are Brittany Fuller, Brianna Harvey, Trevor Howard, Tarra Warriner, Michelle Cobado, Stacie Cole, Myles Pearsall and Katie Slater.

The scholarships may be used for any type of post secondary education including conventional baccalaureate programs as well as vocational and trade school programs, associate degree and graduate school programs.

It was the Nortons’ preference that the scholarship committee favors applicants who pursue post secondary education immediately following high school graduation. The Nortons also requested that the committee consider applicants who demonstrate good citizenship, character, values and motivation, academic merit, educational achievement or academic or educational promise and a degree of financial need.

Citizens & Northern Bank serves as the trustee of the Norton Scholarship Trust.

William N. Norton died Dec. 31, 2003 and his wife, Margaret, died May 5, 2008. William Norton was a former Shinglehouse mayor and businessman. He and his wife operated the William N. Norton Co., a block manufacturing and building supply company, later renamed Norton’s Building Supply. The Nortons were both very active members of their community.
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