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Katherine W. Shattuck, a director at Citizens & Northern Corp (NASDAQ:CZNC), recently executed a purchase of the company’s common stock. According to the SEC filing, Shattuck acquired 20 shares at a price of $18.5978 per share, totaling approximately $371. This transaction was conducted under a prearranged trading plan that became effective on May 1, 2025. Following the purchase, Shattuck’s total direct ownership of Citizens & Northern Corp stands at 9,329 shares.
In other recent news, Citizens & Northern Corporation (C&N) and Susquehanna Community Financial, Inc. (SQCF) have agreed to a merger, with SQCF set to merge into C&N. The merger will create a combined entity with approximately $3.2 billion in assets, enhancing C&N’s market reach and service offerings. The merger is expected to be finalized in the fourth quarter of 2025, pending regulatory approvals and shareholder consent. SQCF shareholders will receive 0.80 shares of C&N common stock for each share held, totaling $44.3 million in consideration, and will own about 13% of C&N’s common stock post-merger. The merger is projected to be 17% accretive to C&N’s earnings per share in 2026.
Additionally, Citizens & Northern Corporation recently held its Annual Meeting of Shareholders, where several key proposals were voted on. All director nominees were elected, and the proposal for executive compensation was approved. The ratification of Crowe LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025, also passed with a significant majority. These developments are based on recent press release statements from the companies involved.
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