CZFS / Citizens Financial Services, Inc. - SEC-Einreichungen, Jahresbericht, Proxy Statement

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2026 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-13222 CITIZENS FINANCIAL SERV

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): March 31, 2026 CITIZENS FINANCIAL

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): March 31, 2026 CITIZENS FINANCIAL SERVICES INC (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporation)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): April 29, 2026 CITIZENS FINANCIAL

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): April 29, 2026 CITIZENS FINANCIAL SERVICES INC (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporation)

19 21 65 59 74 150 0 113 186 83 84 84 248 157 56 Investor Presentation 1st Quarter 2026 Financial information Legal Disclosures Forward-Looking Statements (p. 1 of 2) We have made forward-looking statements in this document, and in documents that we

19 21 65 59 74 150 0 113 186 83 84 84 248 157 56 Investor Presentation 1st Quarter 2026 Financial information Legal Disclosures Forward-Looking Statements (p.

As of or For The

Contact: LeeAnn Gephart, Chief Banking Officer First Citizens Community Bank 15 South Main Street Mansfield, PA 16933 570-545-6005 570-662-8512 (fax) citizens financial services, inc.

CALCULATION OF FILING FEE TABLE Form S-8 (Form Type) CITIZENS FINANCIAL SERVICES, INC. (Exact Name of Registrant as Specified in its Charter) Table 1: Newly Registered Securities

Exhibit 107 CALCULATION OF FILING FEE TABLE Form S-8 (Form Type) CITIZENS FINANCIAL SERVICES, INC.

As filed with the Securities and Exchange Commission on April 27, 2026

As filed with the Securities and Exchange Commission on April 27, 2026 Registration No.

CITIZENS FINANCIAL SERVICES, INC. HOLDS ANNUAL MEETING

FOR IMMEDIATE RELEASE CONTACT: Randall E. Black Chief Executive Officer & President 570-662-2121 CITIZENS FINANCIAL SERVICES, INC. HOLDS ANNUAL MEETING Mansfield, Pennsylvania; April 22, 2026. Citizens Financial Services, Inc. held its 2026 annual meeting of shareholders (the “Annual Meeting”) on April 21, 2026, at First Citizens Community Bank, 11499 Route 6, Wellsboro, Pennsylvania. At the Annua

CITIZENS FINANCIAL SERVICES, INC. 2026 EQUITY INCENTIVE PLAN

CITIZENS FINANCIAL SERVICES, INC. 2026 EQUITY INCENTIVE PLAN TABLE OF CONTENTS Page 1. PURPOSE 1 2. DEFINITIONS 1 3. ADMINISTRATION OF THE PLAN 8 3.1 Committee 8 3.1.1 Powers and Authorities 8 3.1.2 Composition of the Committee 8 3.1.3 Other Committees 9 3.1.4 Delegation by the Committee 9 3.2 Board 9 3.3 Terms of Awards 9 3.3.1 Committee Authority 9 3.3.2 Forfeiture; Recoupment 10 3.4 No Repricin

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): April 22, 2026 CITIZENS FINANCIAL

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): April 22, 2026 CITIZENS FINANCIAL SERVICES INC (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporation)

Citizens Financial Services, Inc. Our Two Goals for 2025 To leverage our new markets and new teams to create additional wealth, and Our Two Goals for 2025 To leverage our new markets and new teams to create additional wealth, and To organically impro

Citizens Financial Services, Inc. Our Two Goals for 2025 To leverage our new markets and new teams to create additional wealth, and Our Two Goals for 2025 To leverage our new markets and new teams to create additional wealth, and To organically improve capital levels that were impacted by the 2023 acquisition. Results of our Actions Experienced an All-Time Record High in Earnings Results of our Ac

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): April 21, 2026 CITIZENS FINANCIAL

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): April 21, 2026 CITIZENS FINANCIAL SERVICES INC (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporation)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934         [x] Filed by the Registrant [ ] Filed by a party other than the Registrant Check the appropriate box: [ ] Preliminary Proxy Statement [ ] Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14A-101) Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. )

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14A-101) Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14(a)

CHANGE IN CONTROL SEVERANCE AGREEMENT

Exhibit 10.6 CHANGE IN CONTROL SEVERANCE AGREEMENT This CHANGE IN CONTROL SEVERANCE AGREEMENT (this “Agreement”) is hereby entered into as of December 18, 2025 (the “Effective Date”), by and between FIRST CITIZENS COMMUNITY BANK (the “Bank”), CITIZENS FINANCIAL SERVICES, INC. (the “Company”), the holding company of the Bank, as guarantor, and Jeffrey R. White (“Executive”). WHEREAS, the Board of D

Incentive Compensation Recovery Policy (Clawback Policy)

Exhibit 97 Line of Business: CEO / President Required Approval Level: Board of Directors Last Approval Date: January 21, 2025 Last Revision Date: N/A Incentive Compensation Recovery Policy (Clawback Policy) Table of Contents Policy Statement 3 Exceptions 3 Definitions 4 Administration 5 No Indemnification or Advancement of Legal Fees 5 Non-Exclusive Remedy; Successors 6 Amendment 6 Effective Date 6 Clawback Policy 1/2025 2 Policy Statement The Compensation/Human Resource Committee of the Company is adopting this Incentive Compensation Recovery Policy (this “Policy”) to provide for the recovery of certain Incentive Compensation in the event of an Accounting Restatement.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000-13222 CITIZENS FINANC

SUBSIDIARIES OF REGISTRANT

EXHIBIT 21 SUBSIDIARIES OF REGISTRANT First Citizens Community Bank of Mansfield, Pennsylvania is the Company’s sole subsidiary. The Bank's sole subsidiary is First Citizens Insurance Agency, Inc. of Mansfield, Pennsylvania.

Insider Trading and Material Non-Public Information Policy

Exhibit 19 Line of Business: President / CEO Required Approval Level: Board of Directors Last Approval Date: December 17, 2024 Last Revision Date: November 2025 Insider Trading and Material Non-Public Information Policy Table of Contents Effective Date 3 Purpose 3 Introduction – General Policy and Guidelines 4 Risk and Responsibility 4 Consequences of Violating Insider Trading Proscriptions and this Policy 5 Summary of Policies and Procedures 5 Policy Prohibiting the Misuse of Material Non-Public Information 7 Restrictions.

CITIZENS FINANCIAL SERVICES, INC. ANNOUNCES STOCK REPURCHASE PROGRAM

FOR IMMEDIATE RELEASE CONTACT: Randall E. Black Chief Executive Officer and President (570) 662-2121 CITIZENS FINANCIAL SERVICES, INC. ANNOUNCES STOCK REPURCHASE PROGRAM MANSFIELD, PENNSYLVANIA – February 18, 2026 – Citizens Financial Services, Inc. (NASDAQ: CZFS) (the “Company”) today announced that its Board of Directors has authorized a stock repurchase program under which the Company can repur

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): February 17, 2026 CITIZENS FINANC

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): February 17, 2026 CITIZENS FINANCIAL SERVICES INC (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporatio

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): January 29, 2026 CITIZENS FINANCI

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): January 29, 2026 CITIZENS FINANCIAL SERVICES INC (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporation

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): December 31, 2025 CITIZENS FINANC

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): December 31, 2025 CITIZENS FINANCIAL SERVICES INC (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporatio

As of or For The

Contact: LEEANN GEPHART, CHIEF BANKING OFFICER FIRST CITIZENS COMMUNITY BANK 15 S.

19 21 65 59 74 150 0 113 186 83 84 84 248 157 56 Investor Presentation 4th Quarter 2025 Financial information Legal Disclosures Forward-Looking Statements (p. 1 of 2) We have made forward-looking statements in this document, and in documents that we

19 21 65 59 74 150 0 113 186 83 84 84 248 157 56 Investor Presentation 4th Quarter 2025 Financial information Legal Disclosures Forward-Looking Statements (p.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): January 12, 2026 CITIZENS FINANCI

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): January 12, 2026 CITIZENS FINANCIAL SERVICES INC (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporation

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): December 16, 2025 CITIZENS FINANC

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): December 16, 2025 CITIZENS FINANCIAL SERVICES INC (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporatio

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-13222 CITIZENS FINANCIAL

As of or For The

Contact: LEEANN GEPHART, CHIEF BANKING OFFICER First Citizens Community Bank 15 S.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): September 30, 2025 CITIZENS FINAN

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): September 30, 2025 CITIZENS FINANCIAL SERVICES INC (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporati

19 21 65 59 74 150 0 113 186 83 84 84 248 157 56 Investor Presentation 3rd Quarter 2025 Financial information Legal Disclosures Forward-Looking Statements (p. 1 of 2) We have made forward-looking statements in this document, and in documents that we

19 21 65 59 74 150 0 113 186 83 84 84 248 157 56 Investor Presentation 3rd Quarter 2025 Financial information Legal Disclosures Forward-Looking Statements (p.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): October 30, 2025 CITIZENS FINANCI

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): October 30, 2025 CITIZENS FINANCIAL SERVICES INC (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporation

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 ☐ TRANSITION REPORT PURSUANT TO S

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-13222 CITIZENS FINANCIAL SERVI

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): June 30, 2025 CITIZENS FINANCIAL

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): June 30, 2025 CITIZENS FINANCIAL SERVICES INC (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporation) (

As of or For The

Contact: LEEANN GEPHART, CHIEF BANKING OFFICER First Citizens Community Bank 570-545-6005 15 S.

19 21 65 59 74 150 0 113 186 83 84 84 248 157 56 Investor Presentation 2nd Quarter 2025 Financial information Legal Disclosures Forward-Looking Statements (p. 1 of 2) We have made forward-looking statements in this document, and in documents that we

19 21 65 59 74 150 0 113 186 83 84 84 248 157 56 Investor Presentation 2nd Quarter 2025 Financial information Legal Disclosures Forward-Looking Statements (p.

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): July 30, 2025 CITIZENS FINANCIAL SERVICES INC (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporation) (

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): May 21, 2025 CITIZENS FINANCIAL S

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): May 21, 2025 CITIZENS FINANCIAL SERVICES INC (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporation) (C

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 ☐ TRANSITION REPORT PURSUANT TO

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-13222 CITIZENS FINANCIAL SERV

As of or For The

Contact: LEEANN GEPHART, CHIEF BANKING OFFICER First Citizens Community Bank 15 S.

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): March 31, 2025 CITIZENS FINANCIAL SERVICES INC (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporation)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): April 30, 2025 CITIZENS FINANCIAL

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): April 30, 2025 CITIZENS FINANCIAL SERVICES INC (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporation)

19 21 65 59 74 150 0 113 186 83 84 84 248 157 56 Investor Presentation 1st Quarter 2025 Financial information Legal Disclosures Forward-Looking Statements (p. 1 of 2) We have made forward-looking statements in this document, and in documents that we

19 21 65 59 74 150 0 113 186 83 84 84 248 157 56 Investor Presentation 1st Quarter 2025 Financial information Legal Disclosures Forward-Looking Statements (p.

Financial Statements and Exhibits, Other Events, Submission of Matters to a Vote of Security Holders

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): April 15, 2025 CITIZENS FINANCIAL SERVICES INC (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporation)

CITIZENS FINANCIAL SERVICES, INC. HOLDS ANNUAL MEETING

FOR IMMEDIATE RELEASE CONTACT: Randall E. Black Chief Executive Officer & President 570-662-2121 CITIZENS FINANCIAL SERVICES, INC. HOLDS ANNUAL MEETING Mansfield, Pennsylvania; April 17, 2025. Citizens Financial Services, Inc. held its 2025 annual meeting of shareholders (the “Annual Meeting”) on April 15, 2025 at First Citizens Community Bank, 11499 Route 6, Wellsboro, Pennsylvania. At the Annual

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): April 15, 2025 CITIZENS FINANCIAL SERVICES INC (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporation)

Citizens Financial Services, Inc. 2024 was a year of… …Focusing on our 2023 acquisition 2024 was a year of… …taking care of operational initiatives Forming a Digital Steering Committee 2024 was a year of… …taking care of operational initiatives Formi

Citizens Financial Services, Inc. 2024 was a year of… …Focusing on our 2023 acquisition 2024 was a year of… …taking care of operational initiatives Forming a Digital Steering Committee 2024 was a year of… …taking care of operational initiatives Forming a Digital Steering Committee Replacing our 29-unit ATM fleet 2024 was a year of… …taking care of operational initiatives Forming a Digital Steering

SUBSIDIARIES OF REGISTRANT

EXHIBIT 21 SUBSIDIARIES OF REGISTRANT CZFS Acquisition Company, LLC of Mansfield, Pennsylvania is the Company’s sole subsidiary. First Citizens Community Bank of Mansfield, Pennsylvania is CZFS Acquisition Company, LLC’s sole subsidiary. The Bank's subsidiaries are First Citizens Insurance Agency, Inc. and 1st Realty of PA, LLC, both of Mansfield, Pennsylvania.

CITIZENS FINANCIAL SERVICES, INC. INSIDER TRADING MATERIAL NON‑PUBLIC INFORMATION POLICY DIRECTORS, DIRECTOR EMERITUS, OFFICERS AND EMPLOYEES Adopted August 6, 2002 Effective October 22, 2002 Amended December 17, 2024 Table of Contents

Exhibit 19 CITIZENS FINANCIAL SERVICES, INC. INSIDER TRADING AND MATERIAL NON‑PUBLIC INFORMATION POLICY FOR DIRECTORS, DIRECTOR EMERITUS, OFFICERS AND EMPLOYEES Adopted August 6, 2002 Effective October 22, 2002 Amended December 17, 2024 Table of Contents Page Introduction – General Policy and Guidelines I. Scope 2 II. Consequences of Violating Insider Trading Proscriptions and this Policy 3 III. S

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000-13222 CITIZENS FINANC

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14A-101) Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. )

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14A-101) Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14(a)

CHANGE IN CONTROL SEVERANCE AGREEMENT

Exhibit 10.11 CHANGE IN CONTROL SEVERANCE AGREEMENT This CHANGE IN CONTROL SEVERANCE AGREEMENT (this “Agreement”) is hereby entered into as of December 31, 2024 (the “Effective Date”), by and between FIRST CITIZENS COMMUNITY BANK (the “Bank”), CITIZENS FINANCIAL SERVICES, INC. (the “Company”), the holding company of the Bank, as guarantor, and Jeffrey L. Wilson (“Executive”). WHEREAS, the Board of

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14A-101) Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. )

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14A-101) Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14(a)

As of or For The

Contact: LEEANN GEPHART CHIEF CONSUMER BANKING OFFICER First Citizens Community Bank 570-545-6005 15 S.

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): January 30, 2025 CITIZENS FINANCIAL SERVICES INC (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporation

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): December 31, 2024 CITIZENS FINANCIAL SERVICES INC (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporatio

19 21 65 59 74 150 0 113 186 83 84 84 248 157 56 Investor Presentation 4th Quarter 2024 Financial information Legal Disclosures Forward-Looking Statements (p. 1 of 2) We have made forward-looking statements in this document, and in documents that we

19 21 65 59 74 150 0 113 186 83 84 84 248 157 56 Investor Presentation 4th Quarter 2024 Financial information Legal Disclosures Forward-Looking Statements (p.

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): December 31, 2024 CITIZENS FINANCIAL SERVICES INC (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporatio

Change in Control Agreement, dated December 31, 2024, by and between First Citizens Community Bank, Citizens Financial Services, Inc. and David Z. Richards, Jr.

CHANGE IN CONTROL SEVERANCE AGREEMENT This CHANGE IN CONTROL SEVERANCE AGREEMENT (this “Agreement”) is hereby entered into as of December 31, 2024 (the “Effective Date”), by and between FIRST CITIZENS COMMUNITY BANK (the “Bank”), CITIZENS FINANCIAL SERVICES, INC.

Change in Control Agreement, dated December 31, 2024, by and between First Citizens Community Bank, Citizens Financial Services, Inc. and Stephen J. Guillaume

CHANGE IN CONTROL SEVERANCE AGREEMENT This CHANGE IN CONTROL SEVERANCE AGREEMENT (this “Agreement”) is hereby entered into as of December 31, 2024 (the “Effective Date”), by and between FIRST CITIZENS COMMUNITY BANK (the “Bank”), CITIZENS FINANCIAL SERVICES, INC.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): December 17, 2024 CITIZENS FINANC

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): December 17, 2024 CITIZENS FINANCIAL SERVICES INC (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporatio

CZFS / Citizens Financial Services, Inc. / VANGUARD GROUP INC Passive Investment

SC 13G/A 1 UnitedStates13GCitizensFi.txt 240.13d-102 Schedule 13G - Information to be included in statements filed pursuant to 240.13d-1(b), (c), and (d) and amendments thereto filed pursuant to 240.13d-2. Securities and Exchange Commission, Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* (Name of Issuer) Citizens Financial Services Inc (Title of Cl

FIRST CITIZENS COMMUNITY BANK ANNUAL INCENTIVE PLAN (as amended and restated effective January 1, 2024)

Exhibit 10.1 FIRST CITIZENS COMMUNITY BANK ANNUAL INCENTIVE PLAN (as amended and restated effective January 1, 2024) I. Introduction and Objectives The Annual Incentive Plan (the “Plan”) is designed to recognize and reward participants for their collective and individual contributions to the success of First Citizens Community Bank (the “Bank”) and Citizens Financial Services, Inc. (the “Company”)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 ☐ TRANSITION REPORT PURSUANT

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-13222 CITIZENS FINANCIAL

CZFS / Citizens Financial Services, Inc. / VANGUARD GROUP INC Passive Investment

SC 13G/A 1 UnitedStates13GCitizensFi.txt 240.13d-102 Schedule 13G - Information to be included in statements filed pursuant to 240.13d-1(b), (c), and (d) and amendments thereto filed pursuant to 240.13d-2. Securities and Exchange Commission, Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No. )* (Name of Issuer) Citizens Financial Services Inc (Title of Cla

19 21 65 59 74 150 0 113 186 83 84 84 248 157 56 Investor Presentation 3rd Quarter 2024 Financial information Legal Disclosures Forward-Looking Statements (p. 1 of 2) We have made forward-looking statements in this document, and in documents that we

19 21 65 59 74 150 0 113 186 83 84 84 248 157 56 Investor Presentation 3rd Quarter 2024 Financial information Legal Disclosures Forward-Looking Statements (p.

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): September 30, 2024 CITIZENS FINANCIAL SERVICES INC (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporati

As of or For The

Contact: LEEANN GEPHART CHIEF CONSUMER BANKING OFFICER First Citizens Community Bank 570-545-6005 15 S.

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): October 30, 2024 CITIZENS FINANCIAL SERVICES INC (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporation

Filling Fee Table

EXHIBIT 107 Calculation of Filing Fee Tables Form S-8 (Form Type) Citizens Financial Services, Inc.

As filed with the Securities and Exchange Commission October 22, 2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-8 REGISTRATION STATEMENT THE SECURITIES ACT OF 1933 Citizens Financial Services, Inc. (Exact Name of

Registration No. 333- As filed with the Securities and Exchange Commission October 22, 2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-8 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Citizens Financial Services, Inc. (Exact Name of Registrant as Specified in its Charter) Pennsylvania 23-2265045 (State or Other Jurisdiction of Incorporation or Organizat

LETTER

October 2, 2024 Stephen J. Guillaume Chief Financial Officer Citizens Financial Services, Inc. 15 South Main Street Mansfield, Pennsylvania 16933 Re: Citizens Financial Services, Inc. Form 10-K for the Fiscal Year Ended December 31, 2023 File No. 001-41410 Dear Stephen J. Guillaume: We have completed our review of your filing. We remind you that the company and its management are responsible for t

October 1, 2024

October 1, 2024 Division of Corporate Finance U.S. Securities and Exchange Commission 100 F Street, NE Washington, D.C. 20549 Attention: Marc Thomas Dear Mr. Thomas, Please accept this written response to your comment letter dated September 18, 2024 regarding your review of our Form 10-K, for the calendar year ended December 31, 2023 (File No. 001-41410). Management's Discussion and Analysis of Fi

LETTER

September 18, 2024 Stephen J. Guillaume Chief Financial Officer Citizens Financial Services, Inc. 15 South Main Street Mansfield, Pennsylvania 16933 Re: Citizens Financial Services, Inc. Form 10-K for the Fiscal Year Ended December 31, 2023 File No. 001-41410 Dear Stephen J. Guillaume: We have limited our review of your filing to the financial statements and related disclosures and have the follow

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO S

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-13222 CITIZENS FINANCIAL SERVI

19 21 65 59 74 150 0 113 186 83 84 84 248 157 56 Investor Presentation 2nd Quarter 2024 Financial information Legal Disclosures Forward-Looking Statements (p. 1 of 2) We have made forward-looking statements in this document, and in documents that we

19 21 65 59 74 150 0 113 186 83 84 84 248 157 56 Investor Presentation 2nd Quarter 2024 Financial information Legal Disclosures Forward-Looking Statements (p.

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): July 31, 2024 CITIZENS FINANCIAL SERVICES INC (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporation) (

citizens financial services, inc. reports unaudited second quarter 2024 financial results

Contact: LEEANN GEPHART CHIEF CONSUMER BANKING OFFICER First Citizens Community Bank 570-545-6005 15 S.

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): June 30, 2024 CITIZENS FINANCIAL SERVICES INC (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporation) (

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): July 11, 2024 CITIZENS FINANCIAL SERVICES INC (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporation) (

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): June 18, 2024 CITIZENS FINANCIAL SERVICES INC (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporation) (

Third Amendment to Supplemental Employee Retirement Plan, dated June 18, 2024

THIRD AMENDMENT TO THE FIRST CITIZENS COMMUNITY BANK SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN This Third Amendment (this “Amendment”) to the First Citizens Community Bank Supplemental Executive Retirement Plan, as amended (the “SERP”), is effective as of June 18, 2024.

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): June 3, 2024 CITIZENS FINANCIAL SERVICES INC (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporation) (C

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-13222 CITIZENS FINANCIAL SERV

As of or For The

Contact: LEEANN GEPHART, CHIEF CONSUMER BANKING OFFICER First Citizens Community Bank 570-545-6005 15 S.

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): March 31, 2024 CITIZENS FINANCIAL SERVICES INC (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporation)

CITIZENS FINANCIAL SERVICES, INC. HOLDS ANNUAL MEETING

FOR IMMEDIATE RELEASE CONTACT: Randall E. Black Chief Executive Officer & President 570-662-2121 CITIZENS FINANCIAL SERVICES, INC. HOLDS ANNUAL MEETING Mansfield, Pennsylvania; April 17, 2024. Citizens Financial Services, Inc. held its 2024 annual meeting of shareholders (the “Annual Meeting”) on April 16, 2024 at First Citizens Community Bank, 11499 Route 6, Wellsboro, Pennsylvania. At the Annual

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): April 16, 2024 CITIZENS FINANCIAL

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): April 16, 2024 CITIZENS FINANCIAL SERVICES INC (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporation)

Citizens Financial Services, Inc. 2023 was a year of… GROWTH! History of Successful Growth Total Asset Growth since 2000 HVB Acquisition Williamsport Entry 2023 Financial Performance Efficiency Ratio History Finished in the 93rd percentile compared t

Citizens Financial Services, Inc. 2023 was a year of… GROWTH! History of Successful Growth Total Asset Growth since 2000 HVB Acquisition Williamsport Entry 2023 Financial Performance Efficiency Ratio History Finished in the 93rd percentile compared to the CZFS peer group for 2023 without one-time costs. Finished in the 40th percentile compared to the CZFS peer group for 2023 with one-time costs. R

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): April 16, 2024 CITIZENS FINANCIAL SERVICES INC (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporation)

SUBSIDIARIES OF REGISTRANT

EXHIBIT 21 SUBSIDIARIES OF REGISTRANT CZFS Acquisition Company, LLC of Mansfield, Pennsylvania is the Company’s sole subsidiary. First Citizens Community Bank of Mansfield, Pennsylvania is CZFS Acquisition Company, LLC’s sole subsidiary. The Bank’s subsidiaries are First Citizens Insurance Agency, Inc. and 1st Realty of PA, LLC, both of Mansfield, Pennsylvania.

FIRST CITIZENS COMMUNITY BANK ANNUAL INCENTIVE PLAN (as amended and restated effective January 1, 2023)

Exhibit 10.8 FIRST CITIZENS COMMUNITY BANK ANNUAL INCENTIVE PLAN (as amended and restated effective January 1, 2023) I. Introduction and Objectives The Annual Incentive Plan (the “Plan”) is designed to recognize and reward participants for their collective and individual contributions to the success of First Citizens Community Bank (the “Bank”) and Citizens Financial Services, Inc. (the “Company”)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14A-101) Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. )

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14A-101) Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14(a)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000-13222 CITIZENS FINANC

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14A-101) Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. )

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14A-101) Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14(a)

Citizens Financial Services, Inc. Incentive Compensation Recovery Policy

Exhibit 97 Citizens Financial Services, Inc. Incentive Compensation Recovery Policy Adopted by the Compensation/Human Resource Committee of the Board of Directors of Citizens Financial Services, Inc. (the “Company”) on November 8, 2023 The Compensation/Human Resource Committee of the Company is adopting this Incentive Compensation Recovery Policy (this “Policy”) to provide for the recovery of cert

As of or For The

Contact: LEEANN GEPHART, CHIEF CONSUMER BANKING OFFICER First Citizens Community Bank 570-545-6005 15 S.

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): January 30, 2024 CITIZENS FINANCIAL SERVICES INC (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporation

CZFS / Citizens Financial Services, Inc. / BlackRock Inc. Passive Investment

SC 13G 1 us1746151042012924.txt us1746151042012924.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: ) CITIZENS FINANCIAL SERVICES INC - (Name of Issuer) Common Stock - (Title of Class of Securities) 174615104 - (CUSIP Number) December 31, 2023 - (Date of Event Which Requires Filing of this Statement) Check the appro

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): December 19, 2023 CITIZENS FINANCIAL SERVICES INC (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporatio

CITIZENS FINANCIAL SERVICES, INC. 15 South Main Street Mansfield, Pennsylvania 16933 November 30, 2023

CITIZENS FINANCIAL SERVICES, INC. 15 South Main Street Mansfield, Pennsylvania 16933 November 30, 2023 VIA EDGAR Securities & Exchange Commission 100 F Street, N.E. Washington, D.C. 20549 Attn: Madeleine Mateo Re: Citizens Financial Services, Inc. Registration Statement on Form S-3 (File No. 333-275709) Request for Acceleration of Effective Date Dear Ms. Mateo: Pursuant to Rule 461 of the General

LETTER

United States securities and exchange commission logo November 29, 2023 Randall E.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): November 27, 2023 CITIZENS FINANC

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): November 27, 2023 CITIZENS FINANCIAL SERVICES INC (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporatio

19 21 65 59 74 150 0 113 186 83 84 84 248 157 56 Investor Presentation 3rd Quarter 2023 Financial information Legal Disclosures Forward-Looking Statements (p. 1 of 2) We have made forward-looking statements in this document, and in documents that we

19 21 65 59 74 150 0 113 186 83 84 84 248 157 56 Investor Presentation 3rd Quarter 2023 Financial information Legal Disclosures Forward-Looking Statements (p.

As filed with the Securities and Exchange Commission on November 22, 2023

TABLE OF CONTENTS As filed with the Securities and Exchange Commission on November 22, 2023 Registration No.

Citizens Financial Services, Inc. as Issuer [ ] as Trustee FORM OF INDENTURE Dated as of [ ] Subordinated Debt Securities CERTAIN SECTIONS OF THIS INDENTURE RELATING TO SECTIONS 310 THROUGH 318 INCLUSIVE, OF THE TRUST INDENTURE ACT OF 1939

Exhibit 4.4 Citizens Financial Services, Inc. as Issuer and [ ] as Trustee FORM OF INDENTURE Dated as of [ ] Subordinated Debt Securities CERTAIN SECTIONS OF THIS INDENTURE RELATING TO SECTIONS 310 THROUGH 318 INCLUSIVE, OF THE TRUST INDENTURE ACT OF 1939 Trust Indenture Act Section Indenture Section Section 310(a)(1) Section 609 (a)(2) Section 609 (a)(3) Not Applicable (a)(4) Not Applicable (b) S

CHANGE IN CONTROL AGREEMENT

CHANGE IN CONTROL AGREEMENT This CHANGE IN CONTROL AGREEMENT (“Agreement”) is hereby entered into as of November 21, 2023 (the “Effective Date”), by and between FIRST CITIZENS COMMUNITY BANK (the “Bank”), CITIZENS FINANCIAL SERVICES, INC.

Calculation of Filing Fee Tables Form S-3 (Form Type) Citizens Financial Services, Inc. (Exact Name of Registrants as Specified in its Charter) Table 1: Newly Registered and Carry Forward Securities

Exhibit 107 Calculation of Filing Fee Tables Form S-3 (Form Type) Citizens Financial Services, Inc.

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): November 21, 2023 CITIZENS FINANCIAL SERVICES INC (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporatio

Citizens Financial Services, Inc. as Issuer [ ] as Trustee FORM OF INDENTURE Dated as of [ ] Senior Debt Securities CERTAIN SECTIONS OF THIS INDENTURE RELATING TO SECTIONS 310 THROUGH 318 INCLUSIVE, OF THE TRUST INDENTURE ACT OF 1939

Exhibit 4.3 Citizens Financial Services, Inc. as Issuer and [ ] as Trustee FORM OF INDENTURE Dated as of [ ] Senior Debt Securities CERTAIN SECTIONS OF THIS INDENTURE RELATING TO SECTIONS 310 THROUGH 318 INCLUSIVE, OF THE TRUST INDENTURE ACT OF 1939 Trust Indenture Act Section Indenture Section Section 310(a)(1) Section 609 (a)(2) Section 609 (a)(3) Not Applicable (a)(4) Not Applicable (b) Section

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 ☐ TRANSITION REPORT PURSUANT

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-13222 CITIZENS FINANCIAL

As of or For The

Contact: LEEANN GEPHART CHIEF CONSUMER BANKING OFFICER First Citizens Community Bank 570-545-6005 15 S.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): October 23, 2023 CITIZENS FINANCI

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): October 23, 2023 CITIZENS FINANCIAL SERVICES INC (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporation

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K/A CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 16, 2023 CITIZENS FINANCIA

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K/A CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 16, 2023 CITIZENS FINANCIAL SERVICES, INC. (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporatio

INDEX TO FINANCIAL STATEMENTS AND SCHEDULE Report of Independent Registered Public Accounting Firm 2 Consolidated Statements of Financial Condition 4 Consolidated Statements of Income 5 Consolidated Statements of Comprehensive (Loss) Income 6 Consoli

Exhibit 99.1 INDEX TO FINANCIAL STATEMENTS AND SCHEDULE Report of Independent Registered Public Accounting Firm 2 Consolidated Statements of Financial Condition 4 Consolidated Statements of Income 5 Consolidated Statements of Comprehensive (Loss) Income 6 Consolidate d Statements of Changes in Shareholders’ Equity 7 Consolidated Statement of Cash Flows 8 Notes to the Consolidated Financial Stateme

UNAUDITED PRO FORMA CONDENSED COMBINED CONSOLIDATED FINANCIAL STATEMENTS

Exhibit 99.3 UNAUDITED PRO FORMA CONDENSED COMBINED CONSOLIDATED FINANCIAL STATEMENTS On June 16, 2023, Citizens Financial Services, Inc. (“Citizens”), completed its previously announced merger with HV Bancorp, Inc. (“HVBC”), pursuant to an Agreement and Plan of Merger, dated as of October 18, 2022 (the “Merger Agreement”), by and between Citizens, First Citizens Community Bank (“FCCB”), HVBC, Hun

See Notes to the Unaudited Consolidated Financial Statements

Exhibit 99.2 HV BANCORP, INC. AND SUBSIDIARY Unaudited Consolidated Statements of Financial Condition as of March 31, 2023 and December 31, 2022 (Dollars in thousands, except share and per share data) At March 31, 2023 At December 31, 2022 Assets Cash and due from banks $ 4,367 $ 4,348 Non interest-earning deposits with banks 1,205 1,050 Interest-earning deposits with banks 12,280 6,971 Federal fu

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): August 15, 2023 CITIZENS FINANCIAL SERVICES INC (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporation)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 ☐ TRANSITION REPORT PURSUANT TO S

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-13222 CITIZENS FINANCIAL SERVI

As of or For The

Contact: LEEANN GEPHART CHIEF CONSUMER BANKING OFFICER First Citizens Community Bank 570-545-6005 15 S.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): July 31, 2023 CITIZENS FINANCIAL

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): July 31, 2023 CITIZENS FINANCIAL SERVICES INC (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporation) (

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): July 6, 2023 CITIZENS FINANCIAL S

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): July 6, 2023 CITIZENS FINANCIAL SERVICES INC (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporation) (C

Citizens Financial Services, Inc. Announces Completion of Merger with HV Bancorp, Inc.

EX-99.1 Exhibit 99.1 Citizens Financial Services, Inc. Announces Completion of Merger with HV Bancorp, Inc. Mansfield, PA – June 16, 2023 – Citizens Financial Services, Inc. (NASDAQ: CZFS) (the “Company” or “CZFS”), the holding company for First Citizens Community Bank (“FCCB”), completed its merger with HV Bancorp, Inc. (NASDAQ: HVBC) and FCCB completed its merger with HVBC’s subsidiary bank, Hun

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 16, 2023 CITIZENS FINANCIAL

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 16, 2023 CITIZENS FINANCIAL SERVICES, INC. (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporation)

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 13, 2023 CITIZENS FINANCIAL SERVICES, INC. (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporation)

Citizens Financial Services, Inc. Announces Preliminary Results of Merger Consideration Elections Regarding Pending HV Bancorp, Inc. Merger

EX-99.1 Exhibit 99.1 Citizens Financial Services, Inc. Announces Preliminary Results of Merger Consideration Elections Regarding Pending HV Bancorp, Inc. Merger Mansfield and Doylestown, Pa., June 13, 2023 (PRNewswire) — Citizens Financial Services, Inc. (NASDAQ: CZFS) (“CZFS”) announced today the preliminary results of the elections regarding the merger consideration to be received by stockholder

As filed with the Securities and Exchange Commission on June 13, 2023

S-4MEF As filed with the Securities and Exchange Commission on June 13, 2023 Registration No.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 13, 2023 CITIZENS FINANCIAL

425 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 13, 2023 CITIZENS FINANCIAL SERVICES, INC. (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporat

Calculation of Filing Fee

EX-FILING FEES Exhibit 107 Calculation of Filing Fee Tables Form S-4 (Form Type) Citizens Financial Services, Inc.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 30, 2023 CITIZENS FINANCIAL S

425 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 30, 2023 CITIZENS FINANCIAL SERVICES, INC. (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporati

Exchange Ratio Finalized for Citizens Financial Services, Inc. Pending HV Bancorp, Inc. Merger

EX-99.1 Exhibit 99.1 Exchange Ratio Finalized for Citizens Financial Services, Inc. Pending HV Bancorp, Inc. Merger Mansfield, Pa., June 9, 2023 (PRNewswire) — Citizens Financial Services, Inc. (NASDAQ: CZFS) (“CZFS”) announced today that the exchange ratio for the pending merger HV Bancorp, Inc. (“HVBC”) with and into CZFS has been finalized at 0.4040 shares of CZFS stock for each share of HVBC s

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 30, 2023 CITIZENS FINANCIAL S

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 30, 2023 CITIZENS FINANCIAL SERVICES, INC. (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporation)

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 16, 2023 CITIZENS FINANCIAL SERVICES, INC. (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporation)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-13222 CITIZENS FINANCIAL SERV

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 9, 2023 CITIZENS FINANCIAL SE

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 9, 2023 CITIZENS FINANCIAL SERVICES, INC. (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporation) (

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 9, 2023 CITIZENS FINANCIAL SE

425 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 9, 2023 CITIZENS FINANCIAL SERVICES, INC. (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporatio

Citizens Financial Services, Inc. and HV Bancorp, Inc. Announce Election Deadline

EX-99.1 Exhibit 99.1 Citizens Financial Services, Inc. and HV Bancorp, Inc. Announce Election Deadline Mansfield and Doylestown, Pa., May 9, 2023 (PRNewswire) — Citizens Financial Services, Inc. (NASDAQ: CZFS) (the “Company” or “CZFS”) and HV Bancorp, Inc. (NASDAQ: HVBC) (“HVBC”) announced today the deadline for shareholders of HVBC to elect the form of consideration that they wish to receive in H

citizens financial services, inc. reports unaudited first quarter 2023 financial results

Contact: LeeAnn Gephart, Chief Banking Officer First Citizens Community Bank 570-662-0422 15 S.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): April 27, 2023 CITIZENS FINANCIAL

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): April 27, 2023 CITIZENS FINANCIAL SERVICES INC (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporation)

Regulation FD Disclosure, Financial Statements and Exhibits, Other Events, Submission of Matters to a Vote of Security Holders

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): April 18, 2023 CITIZENS FINANCIAL SERVICES INC (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporation)

CITIZENS FINANCIAL SERVICES, INC. HOLDS ANNUAL MEETING

Exhibit 99.2 FOR IMMEDIATE RELEASE CONTACT: Randall E. Black Chief Executive Officer & President 570-662-2121 CITIZENS FINANCIAL SERVICES, INC. HOLDS ANNUAL MEETING Mansfield, Pennsylvania; April 21, 2023. Citizens Financial Services, Inc. held its annual meeting on April 18, 2023 at First Citizens Community Bank, 11499 Route 6, Wellsboro, Pennsylvania. At the annual meeting, four Class 3 director

Citizens Financial Services, Inc. Historical Total Return 2022 Financial Performance Efficiency Ratio History Finished in the 100th percentile compared to the CZFS peer group for 2022 Return on Equity History Finished in the 69th percentile compared

Citizens Financial Services, Inc. Historical Total Return 2022 Financial Performance Efficiency Ratio History Finished in the 100th percentile compared to the CZFS peer group for 2022 Return on Equity History Finished in the 69th percentile compared to the CZFS peer group for 2022 Return on Assets History Finished in the 94th percentile compared to the CZFS peer group for 2022 Cash Dividends Paid

Citizens Financial Services, Inc. Announces Receipt of Regulatory Approvals for the Acquisition of HV Bancorp, Inc.

EX-99.1 Exhibit 99.1 Citizens Financial Services, Inc. Announces Receipt of Regulatory Approvals for the Acquisition of HV Bancorp, Inc. Mansfield Pa., April 10, 2023 (PRNewswire) — Citizens Financial Services, Inc. (NASDAQ: CZFS) (the “Company” or “CZFS”) announced today that it has received the requisite regulatory approvals and waivers from the Pennsylvania Department of Banking and Securities

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 10, 2023 CITIZENS FINANCIAL SERVICES, INC. (Exact name of Registrant as Specified in Its Charter) Pennsylvania 000-13222 23-2265045 (State or Other Jurisdiction of Incorporation

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 10, 2023 CITIZENS FINANCIAL

425 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 10, 2023 CITIZENS FINANCIAL SERVICES, INC. (Exact name of Registrant as Specified in Its Charter) Pennsylvania 000-13222 23-2265045 (State or Other Jurisdiction of Incorpora

SUBSIDIARIES OF REGISTRANT

EXHIBIT 21 SUBSIDIARIES OF REGISTRANT CZFS Acquisition Company, LLC of Mansfield, Pennsylvania is the Company’s sole subsidiary. First Citizens Community Bank of Mansfield, Pennsylvania is CZFS Acquisition Company, LLC’s sole subsidiary. The Bank's subsidiaries are First Citizens Insurance Agency, Inc. and 1st Realty of PA, LLC, both of Mansfield, Pennsylvania.

FIRST CITIZENS COMMUNITY BANK ANNUAL INCENTIVE PLAN (as amended and restated effective January 1, 2022)

Exhibit 10.8 FIRST CITIZENS COMMUNITY BANK ANNUAL INCENTIVE PLAN (as amended and restated effective January 1, 2022) I. Introduction and Objectives The Annual Incentive Plan (the “Plan”) is designed to recognize and reward participants for their collective and individual contributions to the success of First Citizens Community Bank (the “Bank”) and Citizens Financial Services, Inc. (the “Company”)

CITIZENS FINANCIAL SERVICES, INC. 15 South Main Street Mansfield, Pennsylvania 16933 NOTICE OF ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON APRIL 18, 2023

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14A-101) Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14(a)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14A-101) Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. )

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14A-101) Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14(a)

EX-4

Exhibit 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000-13222 CITIZENS FINANC

Press release, dated February 23, 2023, issued by Citizens Financial Services, Inc. announcing the Stock Repurchase Program

FOR IMMEDIATE RELEASE CONTACT: Randall E. Black Chief Executive Officer and President (570) 662-2121 CITIZENS FINANCIAL SERVICES, INC. ANNOUNCES STOCK REPURCHASE PROGRAM MANSFIELD, PENNSYLVANIA – February 23, 2023 – Citizens Financial Services, Inc. (NASDAQ: CZFS) today announced that its Board of Directors has authorized a stock repurchase program under which the Company can repurchase up to 150,

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): February 21, 2023 CITIZENS FINANCIAL SERVICES, INC. (Exact name of registrant as specified in its charter) Pennsylvania 001-41410 23-2265045 (State or other jurisdiction of incorporat

As of or For The

Contact: LEEANN GEPHART CHIEF CONSUMER BANKING OFFICER First Citizens Community Bank 570-545-6005 15 S.

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): January 30, 2023 CITIZENS FINANCIAL SERVICES, INC. (Exact name of registrant as specified in its charter) Pennsylvania 000-13222 23-2265045 (State or other jurisdiction of incorporati

PROPOSED MERGER—YOUR VOTE IS VERY IMPORTANT

424B3 1 d352328d424b3.htm 424B3 Table of Contents Filed Pursuant to Rule 424(b)(3) Registration No. 333-268840 PROPOSED MERGER—YOUR VOTE IS VERY IMPORTANT Dear Shareholder: On October 18, 2022, the board of directors of Citizens Financial Services, Inc. (“CZFS”), acting on behalf of CZFS and in CZFS’ capacity as the sole member of CZFS Acquisition Company, LLC (“CZFSAC”), and the boards of directo

As filed with the Securities and Exchange Commission on December 28, 2022

Table of Contents As filed with the Securities and Exchange Commission on December 28, 2022 Registration No.

Form of Proxy Card for Special Meeting of Shareholders of Bank of HV Bancorp, Inc.

EX-99.2 2 d352328dex992.htm EX-99.2 Exhibit 99.2 YOUR VOTE IS IMPORTANT! PLEASE VOTE BY: INTERNET P.O. BOX 8016, CARY, NC 27512-9903 Go To: www.proxypush.com/HVBC •  Cast your vote online •  Have your Proxy Card ready •  Follow the simple instructions to record your vote PHONE Call 1-866-859-2443 •  Use any touch-tone telephone •  Have your Proxy Card ready •  Follow the simple recorded instructio

Citizens Financial Services, Inc. 15 South Main Street Mansfield, Pennsylvania 16933

CORRESP 1 filename1.htm Citizens Financial Services, Inc. 15 South Main Street Mansfield, Pennsylvania 16933 December 28, 2022 VIA EDGAR U.S. Securities and Exchange Commission Division of Corporation Finance Office of Industrial Applications and Services 100 F Street, N.E. Washington, D.C. 20549 Re: Citizens Financial Services, Inc. Registration Statement on Form S-4 (File No. 333-268840) Request

LETTER

United States securities and exchange commission logo December 23, 2022 Randall Black President and Chief Executive Officer CITIZENS FINANCIAL SERVICES INC 15 South Main Street Mansfield, Pennsylvania 16933 Re: CITIZENS FINANCIAL SERVICES INC Registration Statement on Form S-4 Filed December 16, 2022 File No.

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): December 20, 2022 CITIZENS FINANCIAL SERVICES, INC. (Exact name of registrant as specified in its charter) Pennsylvania 000-13222 23-2265045 (State or other jurisdiction of incorporat

Settlement and Non-Competition and Non-Solicitation Agreement, dated as of October 18, 2022, by and among HV Bancorp, Inc., Huntingdon Valley Bank, Citizens Financial Services, Inc. and Travis J. Thompson

EX-10.3 Exhibit 10.3 EXECUTION COPY SETTLEMENT AND NON-COMPETITION AND NON-SOLICITATION AGREEMENT THIS SETTLEMENT AND NON-COMPETITION AND NON-SOLICITATION AGREEMENT (the “Agreement”), dated as of October 18, 2022, by and among HV Bancorp, Inc., a Pennsylvania corporation (the “Company”), Huntingdon Valley Bank (the “Bank”), Citizens Financial Services, Inc., a Pennsylvania corporation (“Citizens”)

Calculation of Filing Fee

EX-FILING FEES Exhibit 107 Calculation of Filing Fee Tables Form S-4 (Form Type) Citizens Financial Services, Inc.

Form of Proxy Card for Special Meeting of Shareholders of Bank of HV Bancorp, Inc.

EX-99.2 Exhibit 99.2 YOUR VOTE IS IMPORTANT! PLEASE VOTE BY: INTERNET P.O. BOX 8016, CARY, NC 27512-9903 Go To: www.proxypush.com/HVBC •  Cast your vote online •  Have your Proxy Card ready •  Follow the simple instructions to record your vote PHONE Call 1-866-859-2443 •  Use any touch-tone telephone •  Have your Proxy Card ready •  Follow the simple recorded instructions MAIL •  Mark, sign and da

As filed with the Securities and Exchange Commission on December 16, 2022

S-4 Table of Contents As filed with the Securities and Exchange Commission on December 16, 2022 Registration No.

Settlement and Non-Competition and Non-Solicitation Agreement, dated as of October 18, 2022, by and among HV Bancorp, Inc., Huntingdon Valley Bank, Citizens Financial Services, Inc. and Robert J. Marino

EX-10.2 Exhibit 10.2 EXECUTION COPY SETTLEMENT AND NON-COMPETITION AND NON-SOLICITATION AGREEMENT THIS SETTLEMENT AND NON-COMPETITION AND NON-SOLICITATION AGREEMENT (the “Agreement”), dated as of October 18, 2022, by and among HV Bancorp, Inc., a Pennsylvania corporation (the “Company”), Huntingdon Valley Bank (the “Bank”), Citizens Financial Services, Inc., a Pennsylvania corporation (“Citizens”)

Consent of The Kafafian Group, Inc.

EX-99.1 Exhibit 99.1 December 16, 2022 CONSENT OF THE KAFAFIAN GROUP, INC. We hereby consent to the inclusion of our fairness opinion as Annex B to the HV Bancorp, Inc. Proxy Statement/Prospectus and for the Registration Statement on Form S-4 relating to the proposed merger of HV Bancorp, Inc. and its wholly owned subsidiary Huntingdon Valley Bank with and into Citizens Financial Services, Inc. an

myfccb.com | 800 326 9486 Member FDIC Welcome from our PRESIDENT and CEO, RANDALL E. BLACK OUR STORY JUST GOT BETTER! DEAR TEAM HVB, I would like to provide an early welcome to our FCCB team! We are truly excited to have you join us. We believe that

Filed by Citizens Financial Services, Inc. (Commission File No. 001-41410) pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934 Subject Company: HV Bancorp, Inc. (Commission File No. 001-37981) In connection with the pending transaction between Citizens Financial Services, Inc. (?CZFS?), First Citizens Community Ba

Amendment to Amended and Restated Bylaws of Citizens Financial Services, Inc.

Exhibit 3.1 AMENDMENT NO. 1 TO AMENDED AND RESTATED BYLAWS OF CITIZENS FINANCIAL SERVICES, INC. The Amended and Restated Bylaws of Citizens Financial Services, Inc. are hereby amended by adding the following Article II, Section 214: ?Section 214. Additional Qualifications. No person shall be eligible for election, reelection, appointment or reappointment to the Board if such person has reached sev

Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): November 23, 2022 CITIZENS FINANCIAL SERVICES, INC. (Exact name of registrant as specified in its charter) Pennsylvania 000-13222 23-2265045 (State or other jurisdiction of incorporat

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 ☐ TRANSITION REPORT PURSUANT

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 Or ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-13222 CITIZENS FINANCIAL

As of or For The

Contact: LEEANN GEPHART CHIEF CONSUMER BANKING OFFICER First Citizens Community Bank 570-545-6005 15 S.

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): October 24, 2022 CITIZENS FINANCIAL SERVICES, INC. (Exact name of registrant as specified in its charter) Pennsylvania 000-13222 23-2265045 (State or other jurisdiction of incorporati

Filed by Citizens Financial Services, Inc.

425 1 brhc10043174425.htm 425 Filed by Citizens Financial Services, Inc. (Commission File No. 001-41410) pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934 Subject Company: HV Bancorp, Inc. (Commission File No. 001-37981) In connection with the pending transaction between Citizens Financial Services, Inc. (“CZFS”

VOTING AGREEMENT

Exhibit 10.1 VOTING AGREEMENT This VOTING AGREEMENT (this ?Agreement?) is dated as of October 18, 2022, by and between the undersigned holder (?Shareholder?) of common stock, par value $0.01 per share (?HVBC Common Stock?), of HV Bancorp, Inc., a Pennsylvania corporation (?HVBC?), and Citizens Financial Services, Inc., a Pennsylvania corporation (?CZFS?). All terms used herein and not defined here

Filed by Citizens Financial Services, Inc. (Commission File No. 001-41410) pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934 Subject Company: HV Bancorp, Inc. (Com

Filed by Citizens Financial Services, Inc. (Commission File No. 001-41410) pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934 Subject Company: HV Bancorp, Inc. (Commission File No. 001-37981) The following presentation was made available on the Citizens Financial Services, Inc. website on October 19, 2022. INVEST

Exhibit 2.1

Exhibit 2.1 AGREEMENT AND PLAN OF MERGER DATED AS OF OCTOBER 18, 2022 BY AND AMONG CITIZENS FINANCIAL SERVICES, INC., CZFS ACQUISITION COMPANY, LLC, FIRST CITIZENS COMMUNITY BANK, HV BANCORP, INC. AND HUNTINGDON VALLEY BANK TABLE OF CONTENTS Page ARTICLE I THE MERGER 2 Section 1.01 Terms of the Merger 2 Section 1.02 Tax Consequences 2 Section 1.03 Name of the Surviving Corporation and the Survivin

Citizens Financial Services, Inc. and HV Bancorp, Inc. Sign Definitive Merger Agreement

Exhibit 99.1 Citizens Financial Services, Inc. and HV Bancorp, Inc. Sign Definitive Merger Agreement Mansfield, PA and Doylestown, PA ? October 19, 2022 ? Citizens Financial Services, Inc. (NASDAQ: CZFS) (the ?Company? or ?CZFS?), the holding company for First Citizens Community Bank (?FCCB?), and HV Bancorp, Inc. (NASDAQ: HVBC) (?HVBC?), the holding company for Huntingdon Valley Bank (?HVB?), are

Citizens Financial Services, Inc. and HV Bancorp, Inc. Sign Definitive Merger Agreement

Exhibit 99.1 Citizens Financial Services, Inc. and HV Bancorp, Inc. Sign Definitive Merger Agreement Mansfield, PA and Doylestown, PA ? October 19, 2022 ? Citizens Financial Services, Inc. (NASDAQ: CZFS) (the ?Company? or ?CZFS?), the holding company for First Citizens Community Bank (?FCCB?), and HV Bancorp, Inc. (NASDAQ: HVBC) (?HVBC?), the holding company for Huntingdon Valley Bank (?HVB?), are

AGREEMENT AND PLAN OF MERGER DATED AS OF OCTOBER 18, 2022 BY AND AMONG CITIZENS FINANCIAL SERVICES, INC., CZFS ACQUISITION COMPANY, LLC, FIRST CITIZENS COMMUNITY BANK, HV BANCORP, INC. HUNTINGDON VALLEY BANK TABLE OF CONTENTS

Exhibit 2.1 AGREEMENT AND PLAN OF MERGER DATED AS OF OCTOBER 18, 2022 BY AND AMONG CITIZENS FINANCIAL SERVICES, INC., CZFS ACQUISITION COMPANY, LLC, FIRST CITIZENS COMMUNITY BANK, HV BANCORP, INC. AND HUNTINGDON VALLEY BANK TABLE OF CONTENTS Page ARTICLE I THE MERGER 2 Section 1.01 Terms of the Merger 2 Section 1.02 Tax Consequences 2 Section 1.03 Name of the Surviving Corporation and the Survivin

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 18, 2022 CITIZENS FINANCI

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 18, 2022 CITIZENS FINANCIAL SERVICES, INC. (Exact name of Registrant as Specified in Its Charter) Pennsylvania 000-13222 23-2265045 (State or Other Jurisdiction of Incorporati

Form of Voting Agreement, dated as of October 18, 2022, by and between certain shareholders of HV Bancorp, Inc. and Citizens Financial Services, Inc. (incorporated by reference to Exhibit 10.1 to the Registrant’s Current Report on Form 8-K filed on October 19, 2022)

Exhibit 10.1 VOTING AGREEMENT This VOTING AGREEMENT (this ?Agreement?) is dated as of October 18, 2022, by and between the undersigned holder (?Shareholder?) of common stock, par value $0.01 per share (?HVBC Common Stock?), of HV Bancorp, Inc., a Pennsylvania corporation (?HVBC?), and Citizens Financial Services, Inc., a Pennsylvania corporation (?CZFS?). All terms used herein and not defined here

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 18, 2022 CITIZENS FINANCI

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 18, 2022 CITIZENS FINANCIAL SERVICES, INC. (Exact name of Registrant as Specified in Its Charter) Pennsylvania 000-13222 23-2265045 (State or Other Jurisdiction of Incorporati

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): August 22, 2022 CITIZENS FINANCIAL SERVICES, INC. (Exact name of registrant as specified in its charter) Pennsylvania 000-13222 23-2265045 (State or other jurisdiction of incorporatio

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 ☐ TRANSITION REPORT PURSUANT TO S

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 Or ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-13222 CITIZENS FINANCIAL SERVI

As of or For The

Contact: Kathleen Campbell, Marketing Director First Citizens Community Bank 570-662-0422 15 S.

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): July 21, 2022 CITIZENS FINANCIAL SERVICES, INC. (Exact name of registrant as specified in its charter) Pennsylvania 000-13222 23-2265045 (State or other jurisdiction of incorporation)

SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-A FOR REGISTRATION OF CERTAIN CLASSES OF SECURITIES PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 CITIZENS FINANCIAL SERVICES, INC. (Exact Name of Registrant a

SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-A FOR REGISTRATION OF CERTAIN CLASSES OF SECURITIES PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 CITIZENS FINANCIAL SERVICES, INC. (Exact Name of Registrant as Specified in Its Charter) Pennsylvania (State of Incorporation or Organization) 23-2265045 (I.R.S. Employer Identification No.) 15 South Main Street

CERT

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 ☐ TRANSITION REPORT PURSUANT TO

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 Or ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-13222 CITIZENS FINANCIAL SERV

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K/A (Amendment No. 1)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K/A (Amendment No. 1) ? ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2021 OR ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 0-13222 Citizen

Regulation FD Disclosure, Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits, Other Events, Submission of Matters to a Vote of Security Holders

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): April 19, 2022 CITIZENS FINANCIAL SERVICES, INC. (Exact name of registrant as specified in its charter) Pennsylvania 000-13222 23-2265045 (State or other jurisdiction of incorporation

19 21 65 59 74 150 0 113 186 83 84 84 248 157 56 Citizens Financial Services, Inc. 2021 Financial Performance Efficiency Ratio History Finished in the 93rd percentile compared to the CZFS peer group for 2021 Return on Equity History Finished in the 1

19 21 65 59 74 150 0 113 186 83 84 84 248 157 56 Citizens Financial Services, Inc.

CITIZENS FINANCIAL SERVICES, INC. HOLDS ANNUAL MEETING

FOR IMMEDIATE RELEASE CONTACT: Randall E. Black Chief Executive Officer & President 570-662-2121 CITIZENS FINANCIAL SERVICES, INC. HOLDS ANNUAL MEETING Mansfield, Pennsylvania; April 22, 2022. Citizens Financial Services, Inc. held its 2022 annual meeting of shareholders (the ?Annual Meeting?) on April 19, 2022 at First Citizens Community Bank, 11499 Route 6, Wellsboro, Pennsylvania. At the Annual

As of or For The

Contact: Kathleen Campbell, Marketing Director First Citizens Community Bank 570-662-0422 15 S.

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): April 20, 2022 CITIZENS FINANCIAL SERVICES, INC. (Exact name of registrant as specified in its charter) Pennsylvania 000-13222 23-2265045 (State or other jurisdiction of incorporation

Randall E. Black

CONTACT: Randall E. Black Chief Executive Officer & President 570-662-2121 CITIZENS FINANCIAL SERVICES, INC. SUBMITS APPLICATION TO UPLIST ON THE NASDAQ CAPITAL MARKET Mansfield, Pennsylvania, April 11, 2022 ? Citizens Financial Services, Inc (OTCPink: CZFS) (the ?Company?), the holding company for First Citizens Community Bank, today announced that it has submitted an initial application to list

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): April 11, 2022 CITIZENS FINANCIAL SERVICES, INC. (Exact name of registrant as specified in its charter) Pennsylvania 000-13222 23-2265045 (State or other jurisdiction of incorporation

FIRST CITIZENS COMMUNITY BANK EXECUTIVE DEFERRED COMPENSATION PLAN Effective December 1, 2018 (As Amended and Restated Effective December 15, 2020) TABLE OF CONTENTS Table of Contents

Hogan Lovells US LLP December 11, 2020 Exhibit 10.15 FIRST CITIZENS COMMUNITY BANK EXECUTIVE DEFERRED COMPENSATION PLAN Effective December 1, 2018 (As Amended and Restated Effective December 15, 2020) TABLE OF CONTENTS Table of Contents Page ARTICLE I PURPOSE 1 ARTICLE II DEFINITIONS 1 2.1 ?Annual Contribution? 1 2.2 ?Annual Contribution Account? 1 2.3 ?Annual Contribution Schedule? 1 2.4 ?Bank? 1

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. [ ])

DEFA14A 1 noticeandaccess2022.htm 2022 NOTICE AND ACCESS MAILING UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. [ ]) [xx] Filed by Registrant [ ] Filed by a Party other than the Registrant Check the appropriate box: [ ] Preliminary Proxy Statement [ ] Co

Subsidiaries of Citizens Financial Services, Inc. (incorporated by reference to Citizens Financial Services, Inc.’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021, filed on March 10, 2022)

EXHIBIT 21 SUBSIDIARIES OF REGISTRANT CZFS Acquisition Company, LLC of Mansfield, Pennsylvania is the Company?s sole subsidiary. First Citizens Community Bank of Mansfield, Pennsylvania is CZFS Acquisition Company, LLC?s sole subsidiary. The Bank's subsidiaries are First Citizens Insurance Agency, Inc. and 1st Realty of PA, LLC, both of Mansfield, Pennsylvania.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000-13222 CITIZENS FINANC

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. [ ])

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. [ ]) [xx] Filed by Registrant [ ] Filed by a Party other than the Registrant Check the appropriate box: [ ] Preliminary Proxy Statement [ ] Confidential, for Use of the Commission Only (as permitted by Rule

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): February 15, 2022 CITIZENS FINANCIAL SERVICES, INC. (Exact name of registrant as specified in its charter) Pennsylvania 000-13222 23-2265045 (State or other jurisdiction of incorporat

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): January 21, 2022 CITIZENS FINANCIAL SERVICES, INC. (Exact name of registrant as specified in its charter) Pennsylvania 000-13222 23-2265045 (State or other jurisdiction of incorporati

As of or For The

Contact: Kathleen Campbell, Marketing Director First Citizens Community Bank 570-662-0422 15 S.

Current Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): December 21, 2021 CITIZENS FINANCIAL SERVICES, INC. (Exact name of registrant as specified in its charter) Pennsylvania 000-13222 23-2265045 (State or other jurisdiction of incorporat

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 ☐ TRANSITION REPORT PURSUANT

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 Or ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-13222 CITIZENS FINANCIAL

SECOND AMENDMENT TO THE FIRST CITIZENS COMMUNITY BANK SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

Exhibit 10.1 SECOND AMENDMENT TO THE FIRST CITIZENS COMMUNITY BANK SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN This Second Amendment (this ?Amendment?) to the First Citizens Community Bank Supplemental Executive Retirement Plan, as amended (the ?SERP?), is effective as of August 23, 2021. W I T N E S S E T H: WHEREAS, First Citizens Community Bank (the ?Bank?) maintains the SERP for the benefit of cert

FIRST CITIZENS COMMUNITY BANK ANNUAL INCENTIVE PLAN (as amended and restated effective January 1, 2021)

Exhibit 10.2 FIRST CITIZENS COMMUNITY BANK ANNUAL INCENTIVE PLAN (as amended and restated effective January 1, 2021) I. Introduction and Objectives The Annual Incentive Plan (the ?Plan?) is designed to recognize and reward participants for their collective and individual contributions to the success of First Citizens Community Bank (the ?Bank?) and Citizens Financial Services, Inc. (the ?Company?)

As of or For The

Contact: kathleen Campbell, Marketing Director First Citizens Community Bank 570-662-0422 15 S.

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): October 22, 2021 CITIZENS FINANCIAL SERVICES, INC. (Exact name of registrant as specified in its charter) Pennsylvania 000-13222 23-2265045 (State or other jurisdiction of incorporati

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 ☐ TRANSITION REPORT PURSUANT TO S

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 Or ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-13222 CITIZENS FINANCIAL SERVI

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): July 23, 2021 CITIZENS FINANCIAL SERVICES, INC. (Exact name of registrant as specified in its charter) Pennsylvania 000-13222 23-2265045 (State or other jurisdiction of incorporation)

citizens financial services, inc. reports unaudited second quarter 2021 financial results

Contact: Kathleen Campbell, Marketing Director First Citizens Community Bank 570-662-0422 15 S.

Quarterly Report - 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 Or ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-13222 CITIZENS FINANCIAL SERV

192165 5974150 0113186 838484 24815756 Navigating The Storm 2020 2020 Financial Performance Efficiency Ratio History Finished in the 100th percentile compared to the CZFS peer group for 2020 Return on Equity History Finished in the 100th percentile c

Exhibit 99.1 192165 5974150 0113186 838484 24815756 Navigating The Storm 2020 2020 Financial Performance Efficiency Ratio History Finished in the 100th percentile compared to the CZFS peer group for 2020 Return on Equity History Finished in the 100th percentile compared to the CZFS peer group for 2020 Return on Assets History Finished in the 100th percentile compared to the CZFS peer group for 202

Articles of Amendment to the Restated Articles of Incorporation of Citizens Financial Services, Inc.

Exhibit 3.1 ARTICLES OF AMENDMENT OF THE RESTATED ARTICLES OF INCORPORATION OF CITIZENS FINANCIAL SERVICES, INC. April 22, 2021 Citizens Financial Services, Inc. (the ?Corporation?), a corporation organized and existing under and by virtue of the Business Corporation Law of 1988, as amended (the ?BCL?), does hereby certify as follows: 1. That the name of this corporation is Citizens Financial Serv

Randall E. Black

Exhibit 99.2 FOR IMMEDIATE RELEASE CONTACT: Randall E. Black Chief Executive Officer & President 570-662-2121 CITIZENS FINANCIAL SERVICES, INC. HOLDS ANNUAL MEETING Mansfield, Pennsylvania, April 26, 2021 ? Citizens Financial Services, Inc (OTCPink: CZFS), the holding company for First Citizens Community Bank (the ?Bank?), held its 2021 Annual Meeting of Shareholders (the ?Annual Meeting?) on Apri

Regulation FD Disclosure, Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Financial Statements and Exhibits, Other Events, Submission of Matters to a Vote of Security Holders

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): April 20, 2021 CITIZENS FINANCIAL SERVICES, INC. (Exact name of registrant as specified in its charter) Pennsylvania 000-13222 23-2265045 (State or other jurisdiction of incorporation

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): April 23, 2021 CITIZENS FINANCIAL SERVICES, INC. (Exact name of registrant as specified in its charter) PA 000-13222 23-2265045 (State or other jurisdiction of incorporation) (Commiss

citizens financial services, inc. reports unaudited first quarter 2021 financial results

Exhibit 99.1 Contact: Kathleen Campbell, Marketing Director First Citizens Community Bank 570-662-0422 15 S. Main Street 570-662-8512 (fax) Mansfield, PA 16933 citizens financial services, inc. reports unaudited first quarter 2021 financial results MANSFIELD, PENNSYLVANIA? April 23, 2021 ? Citizens Financial Services, Inc. (OTC Pink: CZFS), parent company of First Citizens Community Bank, released

SUBORDINATED NOTE PURCHASE AGREEMENT

Exhibit 10.1 SUBORDINATED NOTE PURCHASE AGREEMENT This SUBORDINATED NOTE PURCHASE AGREEMENT (this ?Agreement?) is dated as of April 16, 2021, and is made by and among Citizens Financial Services, Inc. (?Company?), and each of the noteholders named on Schedule I hereto (each a ?Noteholder? and together, the ?Noteholders?). Capitalized terms that are not otherwise defined shall have the meanings set

Entry into a Material Definitive Agreement, Financial Statements and Exhibits, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): April 16, 2021 CITIZENS FINANCIAL SERVICES, INC. (Exact name of registrant as specified in its charter) Pennsylvania 000-13222 23-2265045 (State or other jurisdiction of incorporation

Citizens Financial Services, Inc. Announces Closing of $10 Million of Fixed-to-Floating Rate Subordinated Notes

Exhibit 99.1 Citizens Financial Services, Inc. Announces Closing of $10 Million of Fixed-to-Floating Rate Subordinated Notes Mansfield, Pennsylvania, April 16, 2021 ? Citizens Financial Services, Inc. (the ?Company?) (OTCPink: CZFS), the holding company for First Citizens Community Bank (the ?Bank?), announced that it has completed a private placement of $10 million aggregate principal amount of i

- 2021 DEF 14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. [ ]) [xx] Filed by Registrant [ ] Filed by a Party other than the Registrant Check the appropriate box: [ ] Preliminary Proxy Statement [ ] Confidential, for Use of the Commission Only (as permitted by Rule

- 2021 NOTICE AND ACCESS MAILING

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. [ ]) [xx] Filed by Registrant [ ] Filed by a Party other than the Registrant Check the appropriate box: [ ] Preliminary Proxy Statement [ ] Confidential, for Use of the Commission Only (as permitted by Rule

Annual Report - 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ? ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 or ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-13222 CITIZENS FINANCIA

SUBSIDIARIES OF REGISTRANT

EX-21 2 brhc10021437ex21.htm EXHIBIT 21 EXHIBIT 21 SUBSIDIARIES OF REGISTRANT CZFS Acquisition Company, LLC of Mansfield, Pennsylvania is the Company’s sole subsidiary. First Citizens Community Bank of Mansfield, Pennsylvania is CZFS Acquisition Company, LLC’s sole subsidiary. The Bank's subsidiaries are First Citizens Insurance Agency, Inc. and 1st Realty of PA, LLC, both of Mansfield, Pennsylvan

- 2021 PRELIMINARY DEF 14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. [ ]) [xx] Filed by Registrant [ ] Filed by a Party other than the Registrant Check the appropriate box: [xx] Preliminary Proxy Statement [ ] Confidential, for Use of the Commission Only (as permitted by Rule

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2)* Citizens Financial Services, Inc. (Name of Issuer) Common Stock, par value $1.00 per share (Title of Cla

SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2)* Citizens Financial Services, Inc. (Name of Issuer) Common Stock, par value $1.00 per share (Title of Class of Securities) 174615104 (CUSIP Number) December 31, 2020 (Date of Event Which Requires Filing of this Statement) Check the appropriate bo

As of or For The

Contact: Kathleen Campbell, Marketing Director First Citizens Community Bank 570-662-0422 15 S.

Financial Statements and Exhibits, Results of Operations and Financial Condition - FOURTH QUARTER 2020 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): January 25, 2021 CITIZENS FINANCIAL SERVICES, INC. (Exact name of registrant as specified in its charter) Pennsylvania 000-13222 23-2265045 (State or other jurisdiction of incorporati

Amended and Restated Bylaws of Citizens Financial Services, Inc. (incorporated by reference to Exhibit 3.1 to the Registrant’s Current Report on Form 8-K filed on December 17, 2020)

EX-3.1 2 czfsbylaws.htm CITIZENS FINANCIAL SERVICES, INC. AMENDED BYLAWS AMENDED AND RESTATED BYLAWS OF CITIZENS FINANCIAL SERVICES, INC. These Amended and Restated Bylaws (these “Bylaws”) are supplemental to the Pennsylvania Business Corporation Law and other applicable provisions of law, as the same shall from time to time be in effect. ARTICLE I. MEETINGS OF SHAREHOLDERS. Section 101. Place of

Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): December 15, 2020 CITIZENS FINANCIAL SERVICES, INC. (Exact name of registrant as specified in its charter) PA 000-13222 23-2265045 (State or other jurisdiction of incorporation) (Comm

Quarterly Report - 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-13222 CITIZENS FINANCIAL

Financial Statements and Exhibits, Results of Operations and Financial Condition - THIRD QUARTER 2020 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): October 23, 2020 CITIZENS FINANCIAL SERVICES, INC.

As of or For The

EX-99.1 2 thirdqtrpressrelease.htm THIRD QUARTER 2020 PRESS RELEASE Contact: Kathleen Campbell, Marketing Director First Citizens Community Bank 570-662-0422 15 S. Main Street 570-662-8512 (fax) Mansfield, PA 16933 citizens financial services, inc. reports unaudited third quarter 2020 financial results MANSFIELD, PENNSYLVANIA— October 23, 2020 – Citizens Financial Services, Inc. (OTC Pink: CZFS),

Quarterly Report - 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-13222 CITIZENS FINANCIAL SERVI

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): July 27, 2020 CITIZENS FINANCIAL SERVICES, INC.

As of or For The

Contact: Kathleen Campbell, Marketing Director First Citizens Community Bank 570-662-0422 15 S.

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C., 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 11, 2020 CITIZENS FINANCIAL SERVICES, INC. (Exact name of registrant as specified in its charter) Pennsylvania 0-13222 23-2265045 (State or other jurisdiction of incorporation)

Quarterly Report - FORM 10-Q FOR FIRST QUARTER 2020

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10‑Q [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 Or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0‑13222 CITIZENS FINANCIAL

As of or For The

EX-99.1 2 firstqtrpressrelease.htm FIRST QUARTER 2020 PRESS RELEASE Contact: Kathleen Campbell, Marketing Director First Citizens Community Bank 15 S. Main Street Mansfield, PA 16933 570-662-0422 570-662-8512 (fax) citizens financial services, inc. reports unaudited first quarter 2020 financial results MANSFIELD, PENNSYLVANIA— April 24, 2020 – Citizens Financial Services, Inc. (OTC Pink: CZFS), pa

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): April 24, 2020 CITIZENS FINANCIAL SERVICES, INC.

CITIZENS FINANCIAL SERVICES, INC. ANNOUNCES STOCK REPURCHASE PROGRAM

FOR IMMEDIATE RELEASE CONTACT: Randall E. Black Chief Executive Officer and President (570) 662-2121 CITIZENS FINANCIAL SERVICES, INC. ANNOUNCES STOCK REPURCHASE PROGRAM MANSFIELD, PENNSYLVANIA; April 23, 2020. Citizens Financial Services, Inc. (OTC Pink: CZFS) announced that its Board of Directors has authorized a stock repurchase program under which the Company can repurchase up to 150,000 of th

Financial Statements and Exhibits, Other Events, Submission of Matters to a Vote of Security Holders

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): April 21, 2020 CITIZENS FINANCIAL SERVICES, INC.

CITIZENS FINANCIAL SERVICES, INC. HOLDS ANNUAL MEETING

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