<SEC-DOCUMENT>0001104659-25-073478.txt : 20250905
<SEC-HEADER>0001104659-25-073478.hdr.sgml : 20250905
<ACCEPTANCE-DATETIME>20250804121744
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001104659-25-073478
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20250804

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CITIZENS & NORTHERN CORP
		CENTRAL INDEX KEY:			0000810958
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		ORGANIZATION NAME:           	02 Finance
		EIN:				232451943
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		90-92 MAIN ST
		CITY:			WELLSBORO
		STATE:			PA
		ZIP:			16901
		BUSINESS PHONE:		877-838-2517

	MAIL ADDRESS:	
		STREET 1:		90-92 MAIN ST
		CITY:			WELLSBORO
		STATE:			PA
		ZIP:			16901
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: left; margin-top: 0; margin-bottom: 0"><IMG SRC="tm2514179d5_correspimg001.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">August&nbsp;4, 2025</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">United States Securities and Exchange Commission<BR>
Division of Corporation Finance<BR>
100 F Street, N.E.<BR>
Washington, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Attention:&nbsp;Robert Arzonetti,&nbsp;Esq.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Subject: Request for Acceleration of Effectiveness &ndash; Citizens&nbsp;&amp;
Northern Corporation &ndash; Registration Statement on Form&nbsp;S-4 (File No.333-288838)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Dear Commissioners:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to Rule&nbsp;461 of the Securities Act of 1933, as amended,
Citizens&nbsp;&amp; Northern Corporation requests that the SEC accelerate the effective date of its Registration Statement on Form&nbsp;S-4,
File No.&nbsp;333-288838, to 8:00 AM, EDT, August&nbsp;6, 2025 or as soon as possible thereafter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">By requesting acceleration, the company acknowledges that the SEC declaring
the Registration Statement effective does not prevent the Commission from taking any action regarding the statement, nor does it relieve
the company of responsibility for the accuracy of the disclosure. The company also cannot use SEC comments or the declaration of effectiveness
as a defense in any legal proceedings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Please notify Kimberly J. Decker, Esq at (717) 399-1506 when the Registration
Statement is effective. A written order confirming the effective time and date should be sent electronically to kdecker@barley.com, attention:
Kimberly J. Decker,&nbsp;Esq.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Sincerely,</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Citizens&nbsp;&amp; Northern Corporation</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%"> <FONT STYLE="font-size: 10pt">/s/ Glenn Richard James</FONT></TD>
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT>Glenn Richard James,&nbsp;Esq.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Executive Vice President, General Counsel&nbsp;&amp;
Corporate Secretary</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">10 Nichols Street</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Wellsboro, PA 16901</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">glenn.james@cnbankpa.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">P: (215) 680-0552</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="width: 15%">cnbankpa.com<BR>
MEMBER FDIC</TD>
  <TD STYLE="width: 40%"><IMG SRC="tm2514179d5_correspimg002.jpg" ALT=""></TD>
  <TD STYLE="width: 45%">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 1; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>tm2514179d5_correspimg001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tm2514179d5_correspimg001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0@)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" !L R\# 2(  A$! Q$!_\0
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M745QG]F^/4.[^V[&3_8,:K^OETD_BG6_#\._7-$EDMP>;JWF5P/J !C\<46
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M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
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MBIZ\2\%^,IO#UT+.Z)?3I'^<'),)_O#^HKVJ*6.>))8G5XW 964Y!!Z$4FK
MF</\5_\ D5[7_K]7_P! >NLT/_D7]-_Z]8O_ $ 5R?Q7_P"17M?^OU?_ $!Z
MZS1/^0!IW_7K%_Z"*.@=2_1112&%%%% !1110 4444 %%%% !1110 4444 %
M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44
M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111
M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
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M(84444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
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M !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444
M%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4
M444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !11
M10 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444
M%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4
M444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !11
M10 4444 %%%% !1110 4444 %%%% !1110 5RFL^*]6TW59[2V\+WM[#'MVW
M$9?:^5!.,(>A..O:NKHH X7_ (3G7?\ H2=1_-__ (W1_P )SKO_ $).H_F_
M_P ;KNJ* .%_X3G7?^A)U'\W_P#C='_"<Z[_ -"3J/YO_P#&Z[JB@#A?^$YU
MW_H2=1_-_P#XW1_PG.N_]"3J/YO_ /&Z[JB@#A?^$YUW_H2=1_-__C='_"<Z
M[_T).H_F_P#\;KNJ* .%_P"$YUW_ *$G4?S?_P"-T?\ "<Z[_P!"3J/YO_\
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M?^$YUW_H2=1_-_\ XW1_PG.N_P#0DZC^;_\ QNNZHH X7_A.==_Z$G4?S?\
M^-T?\)SKO_0DZC^;_P#QNNZHH X7_A.==_Z$G4?S?_XW1_PG.N_]"3J/YO\
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MYUW_ *$G4?S?_P"-T?\ "<Z[_P!"3J/YO_\ &Z[JB@#A?^$YUW_H2=1_-_\
MXW1_PG.N_P#0DZC^;_\ QNNZHH X7_A.==_Z$G4?S?\ ^-T?\)SKO_0DZC^;
M_P#QNNZHH X7_A.==_Z$G4?S?_XW1_PG.N_]"3J/YO\ _&Z[JB@#A?\ A.==
M_P"A)U'\W_\ C='_  G.N_\ 0DZC^;__ !NNZHH X7_A.==_Z$G4?S?_ .-T
M?\)SKO\ T).H_F__ ,;KNJ* .%_X3G7?^A)U'\W_ /C='_"<Z[_T).H_F_\
M\;KNJ* .%_X3G7?^A)U'\W_^-T?\)SKO_0DZC^;_ /QNNZHH X7_ (3G7?\
MH2=1_-__ (W1_P )SKO_ $).H_F__P ;KNJ* .%_X3G7?^A)U'\W_P#C==9H
?U]/J6E0W=S9264TF[=;R9W)AB!G('4#/3O5ZB@#_V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>tm2514179d5_correspimg002.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tm2514179d5_correspimg002.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0@)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  @ !P# 2(  A$! Q$!_\0
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,V*I0Y9-\MOZ]3__9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
