Founded in 1864, Citizens & Northern Corporation (NASDAQ: CZNC) (“Citizens” or “the company”) is a $2.6 billion-asset holding company headquartered in Wellsboro, Pennsylvania, which conducts operations through its banking subsidiary, Citizens & Northern Bank (“the bank”). The company operates with 29 branches that are predominantly located in North Central and Southeast Pennsylvania.
Complementing the company’s retail and commercial banking products, Citizens offers insurance and wealth management products through its 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 $1.3 billion at 4Q24.
The company’s growth strategy has largely been organic and relationship centered, though supplemented by M&A to help bolster scale across Pennsylvania.
While maintaining its residential mortgage orientation (32% of total…
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