2020 Journal of Community Bank Studies

THIRD PLACE: Mansfield University of Pennsylvania

3 RD PLACE

Mansfield University of Pennsylvania

Introduction C&N has proudly served its community since its founding in 1864 (originally named the First National Bank of Wellsborough). During its history, the bank has withstood many wars, recessions, and periods of intense and rapid change. After the Great Recession in 2008, community banks struggled to recover, and many experienced extreme fallouts resulting from the mortgage crisis and other complications; however, C&N made a timely recovery and reported the highest net income in its history at the end of 2010. Currently, Citizens & Northern Corporation, as a bank holding company, possesses assets exceeding $1.2 billion and is publicly traded on the NASDAQ Capital Market Index (“C&N Profile”). Part I will provide an in-depth financial analysis of C&N covering the last five years. Analysis of C&N: Navigating Through Bank Secrecy and Anti-Money Laundering Compliance

Students: Seungho Lee Anthony Mastroianni

Abi Welch Sarah Hart

Faculty Advisor: Dr. Atika Benadd Co-Advisors: Dr. Xiaoxuan Ji Dr. Xia Zhou

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