On February 26, 2015, the board of directors of Citizens & Northern Corp. and the Citizens & Northern Bank also accepted the resignation of Mark A. Hughes from the position of interim president and chief executive officer of the company and the Bank and as a member of the board of directors of the company and the Bank, effective as of March 2, 2015. Also at the board meeting of February 26, 2015, the board approved the appointment of Mr. Hughes as the treasurer and chief financial officer of the company and as executive vice president and chief financial officer of the Bank, effective March 2, 2015, at an annual base salary of $252,000.

These are the positions that Mr. Hughes held at the company and the Bank prior to being appointed interim president and chief executive officer in August, 2014. Additionally, on February 26, 2015, the board of directors of the company and the Bank accepted the resignation of Anthony Peluso as the company's treasurer and as interim chief financial officer of the company and the Bank, and appointed Mr. Peluso to the position of vice president and controller of the Bank, the positions he held prior to his appointment as interim chief financial officer.