Company Profile
- Founded in 1864, Citizens & Northern Corporation (NASDAQ: CZNC, or “the company”), headquartered in Wellsboro, PA, with $2.5 billion in assets, conducts operations through its banking subsidiary, Citizens & Northern Bank (“the bank”), with 29 branches that are primarily located in the northern tier, PA and southeastern and southcentral, PA.
- CZNC has grown through M&A which includes Covenant Bank in 3Q20 and Monument Bank in Bucks County, PA in 2Q19.
- The company also offers insurance and wealth management products through CZNC subsidiaries. The trust department offers a wide range of services including 401(k) plans, retirement planning, estate planning, and asset management with total AUM of $1.2 billion at 1Q24.
- While maintaining its residential mortgage orientation, CZNC has slowly transitioned into a commercial lending focus. The commercial portfolio is a diverse mix of lending in C&I (21% of loans, including owner…