Citizens Financial Services, Inc. (NASDAQ: CZFS) (the "Company" or "CZFS"), the holding company for First Citizens Community Bank ("FCCB"), completed its merger with HV Bancorp, Inc. (NASDAQ: HVBC) and FCCB completed its merger with HVBC's subsidiary bank, Huntingdon Valley Bank ("HVB"). Under the terms of the merger agreement, HVBC merged with and into CZFS with CZFS as the surviving corporation and HVB merged with and into FCCB with FCCB as the surviving institution.

Citizens Financial Services, Inc. (NASDAQ: CZFS) ("CZFS") announced today the preliminary results of the elections regarding the merger consideration to be received by stockholders of HV Bancorp, Inc. (NASDAQ: HVBC) ("HVBC") in HVBC's pending merger with CZFS. CZFS and HVBC anticipate closing the transaction on June 16, 2023, subject to the satisfaction of customary closing conditions.

Citizens Financial Services, Inc. (NASDAQ: CZFS) ("CZFS") announced today that the exchange ratio for the pending merger HV Bancorp, Inc. ("HVBC") with and into CZFS has been finalized at 0.4040 shares of CZFS stock for each share of HVBC stock. The original exchange ratio has been adjusted from 0.4000 shares of CZFS stock for each share of HVBC stock to 0.4040 shares of CZFS stock for each share of HVBC stock to reflect the 1% stock dividend declared on May 30, 2023 by CZFS and payable on June

Citizens Financial Services, Inc. (NASDAQ: CZFS) (the "Company" or "CZFS") and HV Bancorp, Inc. (NASDAQ: HVBC) ("HVBC") announced today the deadline for shareholders of HVBC to elect the form of consideration that they wish to receive in HVBC's pending merger with CZFS. CZFS and HVBC anticipate closing the transaction on June 16, 2023, subject to the satisfaction of customary closing conditions.

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DOYLESTOWN, Pa., Feb. 17, 2023 (GLOBE NEWSWIRE) -- HV Bancorp, Inc. (the “Company” or “HVB”) (Nasdaq Capital Market: HVBC), the holding company of Huntingdon Valley Bank (the “Bank”), reported operating results for the Company for the year ended December 31, 2022. Net income for the year ended December 31, 2022, was $2.2 million ($1.12 per basic share and $1.06 per diluted share) versus net income of $4.1 million ($2.04 per basic share and $1.98 per diluted share), for the year ended December 31

Here is a look at 10 deals that caught our attention this year, not necessarily because of their size but because of the strategic impact in their respective sectors: In late February, TD Bank Group, the Toronto-based parent of Cherry Hill-based TD Bank (NYSE: TD), agreed to buy Memphis, Tennessee-based First Horizon for $13.4 billion. The deal would significantly boost TD's presence in the fast-growing Southeast region, as First Horizon had assets totaling $89 billion, $55 billion in loans an...

DOYLESTOWN, Pa., Nov. 04, 2022 (GLOBE NEWSWIRE) -- HV Bancorp, Inc. (the “Company” or “HVB”) (Nasdaq Capital Market: HVBC), the holding company of Huntingdon Valley Bank (the “Bank”), reported operating results for the Company for the quarter and nine months ended September 30, 2022. Net income for the quarter ended September 30, 2022, was $705,000 or ($0.35 per basic share and $0.34 per diluted share) versus net income of $640,000 or ($0.33 per basic share and $0.31 per diluted share) for the q

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Since raising $20 million from an initial public offering in 2017 with a plan to morph 150-year-old Huntingdon Valley Bank from a savings and loan into a commercial bank, CEO Travis Thompson has seen assets rise from $200 million to almost $600 million. “We executed every business plan we've ever had, so I have no doubt we would have executed that one,” Thompson said. It doesn’t hurt that the price of $30.50 per share from Citizens Financial Services (NASDAQ: CZFS) represented a 53% premium on...