Bailout Bank Bio: Citizens & Northern Corporation

May 13, 2009 | 1 min read | Print Article

Citizens & Northern Corporation is a holding company that is engaged in community banking. The Company is engaged in providing a range of banking and mortgage services to individual and corporate customers in Northcentral Pennsylvania and Southern New York State. The company was founded in 1971 and is based in Wellsboro, Pennsylvania.

In December the company announced that it would participate in the Treasury Department’s Capital Purchase Program. Under the program Citizens & Northern received $26.4 million in exchange for preferred stock.

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Bailout Bank Bio: Citizens & Northern Corporation


Federal Equity Investment	$26.4 million
Total Revenue	$80.788 million
Net Income	$10.424 million
Number of Employees	338
Corporate Headquarters	Wellsboro, Pennsylvania
Business Sector	Bank
Officers and Directors	Litchfield, Craig, Chairman of the Board, President, Chief Executive Officert Other Officers and Directors
Corporate Website	https://www.cnbankpa.com
Executive Compensation	Citizens & Northern Corporation