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Exhibit 99

                                 PRESS RELEASE
                        [CITIZENS & NORTHERN BANK LOGO]

                                                      Contact: Michelle M. Karas
                                                      570-724-0205
                                                      mkaras@cnbankpa.com

             C&N ANNOUNCES FINANCIAL RESULTS FOR THIRD QUARTER 2001


FOR IMMEDIATE RELEASE:

         WELLSBORO, PA - Craig G. Litchfield, chairman, president and chief
executive officer, recently announced the consolidated financial results for
Citizens & Northern Corporation and subsidiaries for the first nine months of
2001 and the third quarter of 2001, respectively, which are highlighted below.

FINANCIAL HIGHLIGHTS FOR NINE-MONTH PERIOD ENDED SEPTEMBER 30, 2001:

         -        Net Income grew 43%, to $8.9 million for the 9 months ended
                  September 30, 2001 from $6.2 million for the 9 months ended
                  September 30, 2000. Net Income Per Share (Basic and Diluted)
                  rose to $1.69 for the 9 months ended September 30, 2001, as
                  compared to $1.18 for the 9 months ended September 30, 2000.

         -        Return on Average Assets, excluding unrealized gains or losses
                  on securities, increased 29%, to 1.50% for the 9 months ended
                  September 30, 2001, from 1.16% for the 9 months ended
                  September 30, 2000. Including the effects of unrealized gains
                  or losses, Return on Average Assets increased to 1.49% for the
                  9 months ended September 30, 2001, compared to 1.17% for the
                  first 9 months of 2000.

         -        Return on Average Equity, excluding unrealized gains or losses
                  on securities, rose 38%, to 13.01% for the 9 months ended
                  September 30, 2001, from 9.43% for the 9 months ended
                  September 30, 2000. Including the effects of unrealized gains
                  or losses, Return on Average Equity increased to 12.57% for
                  the 9 months ended September 30, 2001, compared to 10.50% for
                  the first 9 months of 2000.

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         -        Shareholders' Equity/Average Assets Ratio was 11.84% as of
                  September 30, 2001. This safety and soundness measurement
                  needs to be at a minimum of 5% to be considered well
                  capitalized by banking regulatory agencies.

         -        Dividends declared by C&N increased by over 8% for the first
                  nine months of 2001, to $0.78 per share, as compared to $0.72
                  per share for the first nine months of 2000.

FINANCIAL HIGHLIGHTS FOR THIRD QUARTER 2001:

         -        Net Income grew 86%, to $3.4 million for the third quarter
                  2001 from $1.8 million for the third quarter 2000. Net Income
                  Per Share (Basic and Diluted) rose to $0.65 for the third
                  quarter 2001 from $0.35 for the third quarter 2000.

         -        Dividends declared increased by over 8% in the third quarter
                  of 2001, to $0.26 per share, as compared to $0.24 per share in
                  the third quarter of 2000.

        Increases in earnings in 2001 compared to 2000 reflect the following
     significant changes: (1) higher net interest income, primarily from lower
     interest rates on deposits and borrowed funds, and (2) higher gains from
     sales of investment securities.

        Citizens & Northern Bank is a wholly-owned subsidiary of Citizens &
     Northern Corporation. Citizens & Northern Bank provides complete financial,
     investment and insurance services through 17 full service offices located
     throughout Tioga, Bradford, Sullivan and Lycoming, Pennsylvania counties.
     C&N can be found on the web at www.cnbankpa.com.



