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Monday, September 14, 2020

Citizens Financial Services, Inc. Declares Quarterly Cash Dividend

Mansfield, Pennsylvania (September 2020) — The Board of Directors of Citizens Financial Services, Inc. (OTCPink: CZFS), the bank holding company for First Citizens Community Bank, recently declared a cash dividend for its shareholders.

The cash dividend of $0.46 per share is payable on September 25, 2020 to shareholders of record at the close of business on September 11, 2020. This quarterly cash dividend is an increase of 3.33% over the regular cash dividend of $0.445 per share declared one year ago, as adjusted for the 1% stock dividend declared in June 2020.

“Our 2020 financial results have allowed us to continue to pay an attractive cash dividend despite the uncertainty of the COVID-19 pandemic. Through it all, our Board of Directors have remained committed to providing a solid return to shareholders as we remain a strong, independent community bank,” said Randall E. Black, CEO and President.

Citizens Financial Services, Inc. is a $1.85 billion bank holding company conducting business through First Citizens Community Bank. First Citizens Community Bank operates 30 offices in Pennsylvania, Delaware and New York.

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