| Business Summary | | Citizens
Financial
Services,
Inc.
is
the
holding
company
of
First
Citizens
National
Bank.
The
Bank
is
a
national
banking
association
headquartered
in
Mansfield,
Pennsylvania
and
operating
ten
full-service
banking
offices
in
Potter,
Tioga
and
Bradford
counties.
The
Bank
provides
a
comprehensive
range
of
services
including
consumer
loans,
residential
real
estate
loans,
commercial
loans,
and
loans
to
various
state
and
municipal
entities.
Deposit
programs
encompass
the
full
range
of
consumer
as
well
as
commercial
checking
and
savings
accounts.
Deposit
products
also
include
certificates
of
deposit
and
individual
retirement
accounts.
A
comprehensive
menu
of
trust
and
investment
services
also
is
available.
The
Company's
principal
sources
of
revenue
are
derived
from
its
loan
and
investment
portfolios. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Citizens
Financial
Services
is
a
bank
holding
company
for
First
Citizens
National
Bank,
with
10
offices
serving
northern
PA
and
southern
NY.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
15%
to
$14.5
million.
Net
interest
income
after
loan
loss
provision
rose
19%
to
$6.7
million.
Net
income
remained
flat
at
$1.8
million.
Results
reflect
increased
earning
asset
balances
and
lower
interest
on
borrowed
funds,
offset
by
higher
personnel
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| R. Lowell Coolidge, 60 Chairman | -- | Richard Wilber, 52 Pres,
CEO, Director | $176K | Thomas Lyman, 55 Treasurer | -- | Terry Osborne, 47 Sec. | 110K | Randall Black, 34 Assistant
Treasurer | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|