Citizens Financial Services

CZFS · NASDAQ

$80.50+$1.40 (+1.77%)TodayMarket closed · Oct 20, 7:07 PM ET

Prev close $79.10

About CZFS

Citizens Financial Services, Inc. is a holding company, which operates as a community bank. The company is headquartered in Mansfield Pennsylvania, Pennsylvania and currently employs 373 full-time employees. The Bank is a full-service bank engaged in a range of banking activities and services for individual, business, governmental and institutional customers. These activities and services principally include checking, savings, and time deposit accounts; residential, commercial and agricultural real estate, commercial and industrial, state and political subdivision and consumer loans; and a variety of other specialized financial services. The Bank also provides trust services, including the administration of trusts and estates, retirement plans, and other employee benefit plans, along with a brokerage division that provides a comprehensive menu of investment services. The company is primarily engaged in the ownership and management of CZFS Acquisition Company, LLC, its subsidiary, the Bank, and the Banks' wholly owned subsidiaries, First Citizens Insurance Agency, Inc. and 1st Realty of PA LLC.

Employees: 373
Headquarters: Mansfield Pennsylvania, Pennsylvania
Listed: Oct 27, 1993
Sector: Financials
Industry: Banks
Website: firstcitizensbank.com

Leadership

Citizens Financial Services executives
Name	Title	Since	Age
R. Joseph Landy	—	2001	70
Randall Black	—	2004	58
Stephen Guillaume	—	—	48
Jeffrey White	—	—	40
David Richards	—	2017	64
Leeann Gephart	—	—	41
Jeffrey Wilson	—	—	63
Joseph Bower	—	—	—
Mickey Jones	—	2004	64
Robert Chappell	—	—	58
Rinaldo DePaola	—	—	69
Thomas Freeman	—	—	64
Roger Graham	—	—	69
Janie Hilfiger	—	—	66
Christopher Kunes	—	—	60
Terry Osborne	—	1991	71
John Painter	—	—	56

Revenue by product and region

Fiscal year ended Dec 31, 2020: $6.66M total revenue

By product

Transaction fees related to specific transactions or activities resulting from a customer request or activity that include overdraft fees, online banking fees, interchange fees, ATM fees and other transaction fees. All of these fees are attributable to specific performance obligations where the revenue is recognized at a defined point in time, completion of the requested service/transaction.$4.22M63.4%
Fees includes commissions from the sales of investments and insurance products recognized on a trade date basis as the performance obligation is satisfied at the point in time in which the trade is processed. Additional fees are based on a percentage of the market value of customer accounts and billed on a monthly/quarterly basis.$1.30M19.5%
Typical contracts for trust services are based on a fixed percentage of the assets earned ratably over a defined period and billed on a monthly. Fees charged to customers' accounts are recognized as revenue over the period during which the Company fulfills its performance obligation under the contract (i.e., holding client asset in a managed fiduciary trust account). For these accounts, the performance obligation of the Company is typically satisfied by holding and managing the customer's assets over time.$803.00K12.1%

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