Citizens & Northern in Wellsboro, Pa., disclosed that its CEO plans to retire in 2027.
The $2.5 billion-asset company said in a regulatory filing that J. Bradley Scovill intends to step down as president at that time.
The company, in preparation for Scovill’s retirement, entered into a new employment agreement that is set to expire on April 30, 2027. The board also approved a special incentive award of 20,000 shares of restricted stock that will vest on that date.