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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No._______)*
Citizens Financial Services, Inc.
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(Name of Issuer)
Common Stock, Par Value $1.00 Per Share
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(Title of Class of Securities)
174615 10 4
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(CUSIP Number)
R. Lowell Coolidge, 91 Pearl Street, Wellsboro, PA 16901
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
November 15, 1996
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule
13G to report the acquisition which is the subject of this
Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or
(4), check the following box [ ].
Check the following box if a fee is being paid with the statement
[ ]. (A fee is not required only if the reporting person: (1)
has a previous statement on file reporting beneficial ownership
of more than five percent of the class of securities described in
Item 1; and (2) has filed no amendment subsequent thereto
reporting beneficial ownership of five percent or less of such
class.) (See Rule 13d-7).
Note: Six copies of this statement, including all exhibits,
should be filed with the Commission. See Rule 13d-1(a) for other
parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to
the subject class of securities, and for any subsequent amendment
containing information which would alter disclosures provided in
a prior cover page.
The information required on the remainder of this cover page
shall not be deemed to be "filed" for the purpose of Section 18
of the Securities Exchange Act of 1934 ("Act") or otherwise
subject to the liabilities of that section of the Act but shall
be subject to all other provisions of the Act (however, see the
Notes).
SEC 1746 (12-91)
<PAGE>
SCHEDULE 13D
CUSIP No. 174615 10 4 Page 2 of 5 Pages
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
R. Lowell Coolidge
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS
PF (Personal Funds)
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
NUMBER OF 7 SOLE VOTING POWER 54,690
SHARES
BENEFICIALLY 8 SHARED VOTING POWER 13,858
OWNED BY
EACH 9 SOLE DISPOSITIVE POWER 54,690
REPORTING
PERSON 10 SHARED DISPOSITIVE POWER 13,858
WITH
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 68,548
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES [ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (11) 5.04%
14 TYPE OF REPORTING PERSON
IN (Individual)
CUSIP No. 174615 10 4 Page 3 of 5 Pages
<PAGE>
Item 1. Security and Issuer
This statement relates to the common stock, par value $1.00
per share (the "Common Stock"), of Citizens Financial Services,
Inc. (the "Issuer"). The principal executive offices of the
Issuer are located at 15 South Main Street, Mansfield, Tioga
County, Pennsylvania 16933-1507; telephone number (717) 662-2121.
Item 2. Identity and Background
The following information is with respect to the Reporting
Person:
(a) R. Lowell Coolidge
(b) 91 Pearl Street, P.O. Box 41, Wellsboro, PA 16901
(c) Attorney
(d) During the last five years, the Reporting Person has
not been convicted in a criminal proceeding.
(e) During the last five years, the Reporting Person has
not been a party to a civil proceeding or
administrative body and was or is not subject to a
judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities
subject to, federal or state securities laws or finding
any violation with respect to such laws.
(f) United States of America.
Item 3. Source and Amount of Funds or Other Considerations
The following tables present certain information with
respect to the shares of the Common Stock held by the Reporting
Person. All funds to purchase shares by the Reporting Person
were from personal funds.
Item 4. Purpose of Transaction
The purpose of the acquisitions by the Reporting Person is
for investment purposes. The Reporting Person has no plans or
proposals which relate to or would result in:
(a) The acquisition by any person of additional
securities of the Issuer, or the disposition of
securities of the Issuer;
(b) An extraordinary corporate transaction, such as a
merger, reorganization or liquidation, involving the
Issuer of any of its subsidiaries;
<PAGE>
CUSIP No. 174615 10 4 Page 4 of 5 Pages
(c) A sale or transfer of a material amount of assets of
the Issuer or any of its subsidiaries;
(d) Any change in the present board of directors or
management of the Issuer, including any plans or
proposals to change the number of term of directors or
to fill any existing vacancies on the board;
(e) Any material change in the present capitalization or
dividend policy of the Issuer;
(f) Any other material change in the Issuer's business or
corporate structure including but not limited to, if
the Issuer is a registered closed-end investment
company, any plans or proposals to make any changes in
its investment policy for which a vote is required by
section 13 of the Investment Company Act of 1940;
(g) Changes in the Issuer's charter, bylaws or instruments
corresponding thereto or other actions which may impede
the acquisition of control of the Issuer by any person;
(h) Causing a class of securities of the Issuer to be
delisted from a national securities exchange or to
cease to be authorized to be quoted in an inter-dealer
quotation system of a registered national securities
association;
(i) A class of equity securities of the Issuer becoming
eligible for termination of registration pursuant to
Section 12(g)(4) of the Act; or
(j) Any action similar to any of those enumerated above.
Item 5. Interest in Securities of the Issuer
(a) Aggregate number of shares and percentage of the
class of shares identified pursuant to Item 1.
(b) SOLE VOTING POWER 54,690
SHARED VOTING POWER 13,858
SOLE DISPOSITIVE POWER 54,690
SHARED DISPOSITIVE POWER 13,858
Item 6. Contracts, Arrangements, Understandings or
Relationships with Respect to Securities of the
Issuer
None.
Item 7. Material to be Filed as Exhibits
None.
<PAGE>
CUSIP No. 174615 10 4 Page 5 of 5 Pages
Signature
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.
Date: November 19, 1996 /s/ R. Lowell Coolidge
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Signature
R. Lowell Coolidge
:65034
