Asset Transaction, Management Change/Compensation (Form 8-K)

Citizens & Northern Corporation and Susquehanna Community Financial, Inc. Announce Completion of Merger

For Immediate Release

Contact: Charity Frantz

(570) 724-0225

[email protected]

WELLSBORO, PA. AND WEST MILTON, PA. -- Citizens & Northern Corporation ("C&N") (NASDAQ: CZNC), headquartered in Wellsboro, Pennsylvania, and Susquehanna Community Financial, Inc. ("Susquehanna") (OTCPK: SQCF), headquartered in West Milton, Pennsylvania, announced the completion of their merger as of October 1, 2025. The parties previously announced the execution of an agreement and plan of merger on April 23, 2025. Under the agreement, Susquehanna merged with and into C&N and Susquehanna's bank subsidiary, Susquehanna Community Bank, merged into C&N's bank subsidiary, Citizens & Northern Bank.

C&N's President and CEO, Brad Scovill, said, "We are pleased to welcome Susquehanna's shareholders, customers and employees to our C&N family. Susquehanna's relationship-based, community focused culture aligns well with C&N's mission and values and strengthens our position to build more value for customers and communities in the Central Pennsylvania market.

Upon completion of the merger, shareholders of Susquehanna became entitled to exchange each share of Susquehanna common stock owned for 0.80 shares of C&N common stock. together with cash in lieu of fractional shares. Effective as of the completion of the merger, Christian C. Trate was appointed to the boards of directors of C&N and Citizens & Northern Bank.

David S. Runk, Chief Executive Officer of Susquehanna and Susquehanna Bank, and Jeffrey G. Hollenbach, President and Chief Operating Officer of Susquehanna and Susquehanna Bank, will join the C&N team as Executive Vice President and Strategic Advisor and Executive Vice President and Region President, respectively.

About C&N

Citizens & Northern Corporation is the bank holding company for Citizens & Northern Bank, headquartered in Wellsboro, Pennsylvania which operates 35 banking offices located in Bradford, Bucks, Cameron, Chester, Lancaster, Lycoming, McKean, Northumberland, Potter, Snyder, Sullivan, Tioga, Union and York Counties in Pennsylvania and Steuben County in New York, as well as a loan production office in Elmira, New York.