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):		September 17, 2008
CITIZENS FINANCIAL SERVICES, INC.
(Exact name of registrant as specified in its charter)
Pennsylvania	0-13222			23-2265045
(State or other jurisdiction of incorporation)	(Commission File Number)			(I.R.S. 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
N/A
(Former name or former address, if changes 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 (see General Instruction A.2. below):

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 8.01 Other Events

On September 17, 2008, Citizens Financial Services, Inc. announced a definitive agreement for its national bank subsidiary, First Citizens National Bank, to purchase the Elmira Savings Bank branch located at 1485 South Main Street, Mansfield, Pennsylvania. 

The joint press release titled "First Citizens National Bank to Purchase Elmira Savings Bank Branch in Mansfield, Pennsylvania" is attached as Exhibit 99.1 and incorporate herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number	Description
99.1	Press Release issued by First Citizens National Bank and Elmira Savings Bank, FSB on September 17, 2008 titled "First Citizens National Bank to Purchase Elmira Savings Bank Branch in Mansfield, Pennsylvania".

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.
Date:  September 17, 2008	By:	/s/ Mickey L. Jones
		Mickey L. Jones
		Executive Vice President and Chief Financial Officer

EX-99.1

Exhibit 99.1

First Citizens National Bank to Purchase Elmira Savings Bank Branch in Mansfield, Pennsylvania

ELMIRA, NY and MANSFIELD, PA, September 17, 2008 -- Elmira Savings Bank, FSB (NASDAQ: ESBK) and Citizens Financial Services, Inc. (OTCBB: CZFS), the holding company of First Citizens National Bank, today announced a definitive agreement for First Citizens National Bank to purchase the Elmira Savings Bank branch office located at 1485 South Main Street, Mansfield, Pennsylvania.

The purchase includes the assumption of approximately $18 million in deposits, the transfer of the branch’s fixed assets and premises, and approximately $300,000 of commercial and consumer loans.  The completion of the transaction is expected in the fourth quarter, subject to regulatory approval.

Elmira Savings Bank President and Chief Executive Officer, Michael P. Hosey, said, “We are pleased to be selling this branch to First Citizens National Bank, a highly respected financial services organization that offers products and a high level of service to meet the financial needs of the customers of this branch.”

“We are excited by the opportunity to provide our financial services to the customers of Elmira Savings Bank,” stated Randall E. Black, Chief Executive Officer and President.  “We welcome the customers and employees of Elmira Savings Bank to the First Citizens family and look forward to continuing to provide outstanding customer service to these customers.”

First Citizens National Bank, headquartered in Mansfield, PA, has offices in Blossburg, Ulysses, Genesee, Sayre, Wellsboro, Troy, Canton, Gillett, Millerton, LeRaysville, Towanda, and Wellsville, NY, as well as two in-store offices located in the Mansfield Wal-Mart and Wellsboro Weis Market.  First Citizens National Bank, a nationally chartered bank with $617.8 million in total assets, offers a full line of banking and investment services.

Elmira Savings Bank, FSB with $466.5 million in total assets, is insured by the Federal Deposit Insurance Corporation (FDIC) and is a federally chartered bank with five offices in Chemung County, NY; three offices and a loan center in Tompkins County, NY; one office in Steuben County, NY; one office in Cayuga County, NY; and one office in Tioga County, PA.

Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements that involve the risks and uncertainties, including the timely availability and acceptance of Bank products, the impact of competitive products and pricing, the management of growth, and other risks detailed from time to time in regulatory reports.

For additional information contact:

Michael P. Hosey

CEO & President

Elmira Savings Bank, FSB

333 East Water St

Elmira, NY 14901

607-737-8809

Randall E. Black

CEO & President

First Citizens National Bank

15 South Main Street

Mansfield, PA 16933

800-326-9486