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 19, 2005
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CITIZENS & NORTHERN CORPORATION
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(Exact name of registrant as specified in its charter)
Pennsylvania 0-16084 23-2451943
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
90-92 Main Street, Wellsboro, PA 16901
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(Address of Principal Executive Office) (Zip Code)
Registrant's telephone number, including area code (570) 724-3411
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N/A
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(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
( ) Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
( ) Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
( ) Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
( ) Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
SECTION 8 - OTHER EVENTS
ITEM 8.01 OTHER EVENTS
Citizens & Northern Corporation ("C&N") announced a plan to repurchase shares of
the Company's outstanding common stock up to a total of $3 million over a time
period ending August 31, 2006. C&N's Board of Directors authorized repurchases
from time to time at the prevailing market prices in open market or in privately
negotiated transactions as, in management's sole opinion, market conditions
warrant and based on stock availability, price and the Company's financial
performance. It is anticipated that such purchases will be made during the next
twelve months, although no assurance may be given when such purchases will be
made or the total number of shares that will be purchased.
Also, C&N announced that all required regulatory approvals have been received
related to the pending acquisition of Canisteo Valley Corporation, and that
management anticipates the transaction will close before the end of the third
quarter 2005.
SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(C) EXHIBITS
Exhibit 99 - Press Release issued by C&N dated August 19, 2005, titled "Citizens
& Northern Announces Stock Repurchase Program and Final Approval of
Acquisition."
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this Current Report on Form 8-K to be signed on its
behalf by the undersigned thereunto duly authorized.
CITIZENS & NORTHERN CORPORATION
Date: 8/19/05 By: /s/ Craig G. Litchfield
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Name: Craig G. Litchfield
Title: Chairman, President and
Chief Executive Officer
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