Citizens & Northern Corp

Type: Public
On the web: http://www.cnbankpa.com
Employees: 297
Employee growth: (15.9%)

Citizens & Northern is the holding company for Citizens & Northern Bank and First State Bank, commercial banks that serve north-central Pennsylvania and southern New York. The banks with some 24 offices provide checking and savings accounts, IRAs, and CDs. The company's lending activities mainly consist of residential mortgages (nearly 60% of its loan portfolio) and commercial mortgages (more than 25%). Subsidiary Citizens & Northern Investment provides investment services; Bucktail Life Insurance provides credit, life, and property/casualty reinsurance. In 2005, Citizens & Northern acquired Canisteo Valley (holding company of First State Bank), expanding its operations into New York.

Key numbers for fiscal year ending December, 2008:
Sales: $46.7M
One year growth: (0.3%)
Net income: $10.1M
Income growth: (3.5%)

Officers:
Chairman, President, and CEO, Citizens & Northern Corporation and Citizens & Northern Bank: Craig G. Litchfield
EVP COO: Charles H. Updegraff Jr.
Treasurer; EVP and CFO, Citizens & Northern Bank: Mark A. Hughes

Competitors:
Citizens Financial Services
Elmira Savings Bank
Northwest Bancorp