CZFS announces merger consideration elections for HVBC; closing expected June 16

CITIZENS FINANCIAL SERVICES INC

HVBC stockholders will receive 0.4040 CZFS shares per share unless a valid cash election was made; proration caps cash at 20% of total shares.
Holders of 43.97% of HVBC shares elected cash; 39.61% elected stock; 16.42% made no election.
Cash-electing shareholders will have 45.49% of their shares exchanged at $30.50 cash per share; remainder converted to CZFS stock.
Closing anticipated on June 16, 2023, subject to customary conditions.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.