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CITIZENS FINANCIAL SERVICES, I – GuruFocus.com

MANSFIELD, Pa., June 2, 2022 /PRNewswire/ — Citizens Financial Providers, Inc. (Nasdaq: CZFS) (the “Organization”), the keeping corporation for Initial Citizens Neighborhood Lender, now announced that The Nasdaq Stock Industry LLC (“Nasdaq”) has approved uplisting the Firm’s common stock to the Nasdaq Funds Market. The Firm’s typical stock is expected to start trading on the Nasdaq Capital Sector at the opening of the market place on June 3, 2022 below the Firm’s recent ticker image “CZFS.” Shareholders are not essential to consider any action as a final result of the uplisting.

“Uplisting to Nasdaq represents a major milestone that builds on our shown advancement,” explained Randall Black, Main Govt Officer of the Business. “In addition to increasing our in general profile, we anticipate the uplisting will improve the liquidity of our inventory, provide us with far better accessibility to money and enhanced indicates to use our stock as acquisition things to consider, and eventually boost extended-expression shareholder price. I feel it truly is very fitting that this milestone coincides with our 150th year anniversary and the accomplishment of quite a few economic milestones in 2021.”

In 2021, the Business attained $2.1 billion in belongings, file Deposits of $1.8 billion, report Internet Income of $29.1 million, and record Earnings For every Share of $7.38 as in comparison to $6.53 for the calendar year finished December 31, 2020. Return on Average Fairness and Return on Ordinary Assets remained potent at 14.26% and 1.45% respectively.

To start with Citizens Neighborhood Lender (FCCB) is headquartered in Mansfield, Pennsylvania and at present operates 31 offices all through Tioga, Bradford, Potter, Clinton, Centre, Union, Lebanon, Lancaster, Schuylkill, Berks, and Chester counties in Pennsylvania, Allegany County, New York, and New Castle, and Kent Counties in Delaware. Given that their entry into Southern PA with the acquisition of The First Nationwide Lender of Fredericksburg in December, 2015, FCCB has experienced major achievements in their market expansion attempts. In 2020 the Bank obtained The MidCoast Group Bancorp, extending their achieve into Wilmington and Dover Delaware. In the 6 yrs given that the start out of their expansion, the Bank’s belongings have grown by $1.22 billion or 132%, considering that year finished December 31, 2014.

“We attribute a major part of our accomplishment to positioning ourselves in the appropriate markets, with the ideal goods and products and services, the ideal know-how, and most importantly the suitable men and women,” commented Black. “We are a financial institution big more than enough to supply the solutions and products and services people and firms have occur to expect, nonetheless little plenty of to offer higher-touch, group concentrated service.”

For more facts, contact (800) 326-9486, pay a visit to www.myfccb.com or discover them on Facebook and LinkedIn.

Forward-Looking Statements

This push launch contains statements that are forward-wanting and are designed pursuant to the “safe harbor” provisions of the Non-public Securities Litigation Reform Act of 1995. Audience are cautioned not to put undue reliance on any these types of forward-wanting statements contained in this push launch, which speak only as of the date manufactured. Genuine success may vary materially from all those contained in or implied by these ahead-looking statements as a consequence of several essential components reviewed underneath the caption “Risk Aspects” in our Annual Report on Variety 10-K for the 12 months finished December 31, 2021. You are cautioned not to location undue reliance on these forward-wanting statements, which converse only as of the date hereof. We do not undertake any obligation to republish revised forward-hunting statements to mirror instances or events immediately after the date hereof or to replicate the occurrence of unanticipated activities, except to the extent necessary by legislation.

Perspective initial content:https://www.prnewswire.com/information-releases/citizens-monetary-solutions-inc-announces-uplisting-to-the-nasdaq-funds-industry-301560544.html

Source Citizens Economic Expert services, Inc.