Citizens Financial Services, the holding company for First Citizens Community Bank, completed the acquisition of MidCoast Community, the holding company for MidCoast Community Bank. MidCoast shareholders were permitted to elect to receive either 0.1065 shares of Citizens common stock, $6.50 in cash, or a combination of cash and shares of Citizens common stock for each share of MidCoast common stock owned. Citizens issued 373k shares of common stock as consideration and now has 3.8m shares of common stock outstanding as a result of the completion of the merger.