8-K

        UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

    Date of Report (Date of earliest event reported) December 20, 2005

CITIZENS FINANCIAL SERVICES, INC.
(Exact name of registrant as specified in its charter)
Pennsylvania		000-13222	23-2265045
(State or other jurisdiction of Incorporation)		(Commission File Number)	(IRS Employer Identification No.)
	15 South Main Street, Mansfield, PA		16933
	(Address of principal executive offices)		(Zip Code)
Registrant’s telephone number, including area code (570) 662-2121
Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.01. Completion of Acquisition or Disposition of Assets.

On December 20, 2005, Citizens Financial Services, Inc. (the “Company”) announced that First Citizens National Bank (the “Bank”) consummated its branch purchase and assumption transaction and relocation with Fulton Savings Bank (“Fulton”) effective December 17, 2005.

On August 22, 2005, the Bank entered into a Purchase and Assumption Agreement with Fulton to acquire the Hannibal Branch of Fulton located at 409 Fulton Street, Hannibal, New York 13074. After receiving the appropriate regulatory approvals, the Bank purchased certain assets and assume certain liabilities of the Hannibal Branch. Immediately following the branch acquisition transaction, the Bank relocated the Hannibal Branch to Wellsville, New York.

Item 9.01Financial Statements and Exhibits.

(c)Exhibits.

99.1Press Release

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	CITIZENS FINANCIAL SERVICES, INC.
Dated:  December 20, 2005	By:	/s/ Mickey L. Jones
		Mickey L. Jones Chief Financial Officer

EX-99.1

PRESS RELEASE

FIRST CITIZENS NATIONAL BANK OPENS FOR BUSINESS IN WELLSVILLE NEW YORK

MANSFIELD, Pennsylvania - The First Citizens National Bank acquisition of the Hannibal, New York office of Fulton Savings Bank is complete. Closing was effective on December 17, 2005. The office in Hannibal will be closed and all remaining accounts will be transferred to the Wellsville Office of First Citizens National Bank which opened on Monday, December 19, 2005.

The Wellsville Office is located at 10 South Main Street and is a full-service office, with a focus on Small Business Banking. “We will be operating out of a temporary facility at this location while the new office building is constructed on the same property,” stated Randall E. Black, CEO and President of First Citizens. “Putting together a full-service office in such a short period of time is the result of a commendable effort by many employees throughout our company and the Village of Wellsville.”

The Wellsville office is the first New York State office for First Citizens bringing their total number of offices to 16. We currently serve Tioga, Bradford and Potter Counties and have now added Allegany County, New York to our market.

“For years, many residents have asked us to consider placing an office in Wellsville, and we are pleased to have answered their call. The response from the community has already been overwhelming,” Black stated. “We are looking forward to serving the residents of Allegany County with the same enthusiasm as we have already received from them.”

First Citizens National Bank is a subsidiary of Citizens Financial Services, Inc. (OTC BB: CZFS) with assets exceeding $500 million, headquartered in Mansfield, Pennsylvania.

FORWARD-LOOKING INFORMATION

The following appears in accordance with the Private Securities Litigation Reform Act of 1995:

This press release may contain certain forward-looking statements which are based on management's current expectations regarding economic, legislative, and regulatory issues that may impact the Company's earnings in future periods. Factors that could cause future results to vary materially from current management expectations include, but are not limited to, general economic conditions, changes in interest rates, deposit flows, real estate values, and competition, changes in accounting principles, policies, or guidelines, changes in legislation or regulation, and other economic, competitive, governmental, regulatory and technological factors affecting the Company's operations, pricing, products and services. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words "believe," "expect," "anticipate," "intend," "plan," "estimate," or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could," or "may."

Forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date forward looking statements are made.

For more information contact:

Randall E. Black, Chief Executive Officer and President	First Citizens National Bank
800-326-9486	15 South Main Street
570/662-2365 (fax)	Mansfield, PA 16933

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