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) November 22, 2004 ----------------- CITIZENS & NORTHERN CORPORATION (Exact name of registrant as specified in its charter) Pennsylvania 0-16084 23-2451943 - --------------------------- ------------------ ------------------- (State or other jurisdiction of (Commission (I.R.S. Employer incorporation) File Number) Identification No.) 90-92 Main Street, Wellsboro, PA 16901 - ---------------------------------------- --------- (Address of Principal Executive Office) (Zip Code) Registrant's telephone number, including area code (570) 724-3411 -------------- N/A (Former name or former address, if changed 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: ( ) 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)) Section 8 - Other Events Item 8.01 Other Events On November 22, 2004, Citizens & Northern Corporation ("C&N"), along with Canisteo Valley Corporation, announced the signing of a definitive agreement and plan of merger. Under the agreement, C&N will acquire Canisteo Valley Corporation in an all-cash merger transaction. The transaction, which has been approved by the Boards of Directors of both companies, is expected to be completed during the second quarter 2005, pending Canisteo stockholder approval, regulatory approval, and other customary conditions of closing. At closing, First State Bank will operate as a separate subsidiary of C&N. Section 9 - Financial Statements and Exhibits Item 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit 99 - Press Release issued by Citizens & Northern Corporation and Canisteo Valley Corporation dated November 22, 2004, titled "Citizens & Northern Corp. To Acquire Canisteo Valley Corp." Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned thereunto duly authorized. CITIZENS & NORTHERN CORPORATION Date: 11/22/04 By: /s/ Craig G. Litchfield -------------------------------- Name: Craig G. Litchfield Title: Chairman, President and Chief Executive Officer 2