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):		April 23, 2009
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 April 23, 2009, Citizens Financial Services, Inc. issued a press release titled “Citizens Financial Services, Inc., Holds Annual Meeting”, attached hereto as Exhibit 99.1 and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number	Description
99.1	Press Release dated April 23, 2009

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:  April 23, 2009	By:	/s/ Mickey L. Jones
		Mickey L. Jones
		Chief Financial Officer

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

CONTACT:            Randall E. Black

CEO & President

15 South Main Street

Mansfield, PA 16933

570-662-2121

570-662-2365

April 23, 2009

CITIZENS FINANCIAL SERVICES, INC. HOLDS ANNUAL MEETING

Mansfield, Pennsylvania – Citizens Financial Services, Inc. held its annual meeting on April 21, 2009 at the Tioga County Fairgrounds Main Building, 2258 Charleston Road, Wellsboro, Pennsylvania.

At the annual meeting, the following four Class 3 directors were elected to serve for three year terms and until their successors are elected and qualified: E. Gene Kosa, R. Joseph Landy, Roger C. Graham, Jr., and Robert W. Chappell.  These four Class 3 directors will serve until the April 2012 annual meeting.

The following corporate directors retained their positions but were not standing for election this year:  Carol J. Tama, R. Lowell Coolidge, Randall E. Black, Rinaldo A. DePaola, Mark L. Dalton, and Rudolph J. van der Hiel.

In addition, shareholders voted to ratify the appointment of S.R. Snodgrass, A.C., Certified Public Accountants, as the Company’s independent auditor for the fiscal year ending December 31, 2009.

Mr. Black, Chief Executive Officer and President of Citizens Financial Services, Inc. and First Citizens National Bank, presented the Company’s 2008 financial performance.  Financial highlights included a five year history on earnings per share, efficiency ratio (for First Citizens National Bank), and return on equity.  The Company’s performance was strong compared to the national peer on a return on equity and a return on assets basis.

Mr. Black spoke about the national recognition Citizens Financial Services received in 2008 when US Banker magazine listed Citizens Financial as one of the top 200 best performing community banks in the United States on return on average equity for a three year period.  Citizens Financial Services placed 154th in the nation.  Additionally, First Citizens National Bank was ranked 7th out of 143 Pennsylvania banks on total performance for 2008, as ranked by Financial Management Consulting Group.

Mr. Black also highlighted the Mansfield branch acquisition of Elmira Savings Bank, as well as our new building projects in Troy and Wellsboro, Pennsylvania.

Mr. Black introduced Marilyn Bok who spoke about the Community Foundation of the Twin Tiers, a non-for-profit organization that gives back to the community in the form of grants.  First Citizens’ total contributions and promotions surpassed $178,903 in 2008, of which $10,000 was given to the Community Foundation of the Twin Tiers, with another $10,000 donation to be given in 2009.