---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-139058"
form_type: "8-K"
ticker: "CZFS"
cik: "0000739421"
company_name: "CITIZENS FINANCIAL SERVICES INC"
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T10:50:34.651241+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Citizens Financial and HV Bancorp set merger election deadline, June 16 close target

## Summary
- HVBC shareholders elect $30.50 cash or 0.4000 CZFS shares per share, subject to 20% cash / 80% stock allocation.
- Election deadline June 5, 2023; plan participants deadline May 30, 2023.
- Merger expected to close June 16, 2023, subject to customary conditions.
- Election materials mailed May 9, 2023 to record holders as of Dec 27, 2022.

## SEC filing metadata
- accession: 0001193125-23-139058
- form_type: 8-K
- ticker: CZFS
- cik: 0000739421
- company_name: CITIZENS FINANCIAL SERVICES INC
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/739421/000119312523139058/0001193125-23-139058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/739421/000119312523139058/d418932d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-139058
- JSON: https://secwatch.observer/filing/0001193125-23-139058.json
- Plain text: https://secwatch.observer/filing/0001193125-23-139058.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.