Citizens Financial Services, the holding company for First Citizens Community Bank (FCCB), recently completed its merger with HV Bancorp.
FCCB also completed its merger with HV Bancorp’s subsidiary bank, Huntingdon Valley Bank
Under the terms of the merger agreement, Citizens Financial Services is the surviving corporation and FCCB as the surviving institution.
“With this merger, we aim to provide an even more robust and comprehensive range of financial services and products to our customers,” Randall E. Black, FCCB president and CEO, said. “By leveraging the synergies between our institutions, we will enhance our capabilities, expand our reach, and deliver the superior banking experience for which we are known to customers in and around the Philadelphia market.”
The merger is expected to enhance and expand Citizens Financial Services’ presence in Pennsylvania, Delaware, and New Jersey. In Pennsylvania, that is Bucks, Montgomery and Philadelphia counties.
John D. Behm, a former HV Bancorp director, was appointed to the FCCB board of directors.
Robert J. Marino, the former HV Bancorp president, will serve as FCCB chief revenue officer and senior executive vice president. He also will serve on the board of directors.
Citizens Financial Services conducts business through First Citizens Community Bank.
FCCB operates 33 offices in Pennsylvania, Delaware and New York.