Citizens Financial Services, Inc. (the “Company” or “CZFS”), the holding company for First Citizens Community Bank (“FCCB”), completed its merger with HV Bancorp, Inc. (HVBC) and FCCB completed its merger with HVBC’s subsidiary bank, Huntingdon Valley Bank (“HVB”). Under the terms of the merger agreement, HVBC merged with and into CZFS with CZFS as the surviving corporation and HVB merged with and into FCCB with FCCB as the surviving institution. In connection with the closing of the merger, Robert J. Marino, the former President of HVBC, will join the combined company as a member of the board of directors of each of CZFS and FCCB and in the role of Chief Revenue Officer and Senior Executive Vice President of FCCB.

John D. Behm, a former director of HVBC, was also appointed to the board of directors of FCCB.