On September 28, 2018, Citizens & Northern Corporation (the “Corporation”) announced that it had entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Monument Bancorp Inc.(“Monument”). Pursuant to the terms and conditions of the Merger Agreement, Monument will merge with and into the Corporation (the “Merger”), with the Corporation surviving, and Monument Bank, the wholly owned subsidiary of Monument, will merge with and into Citizens & Northern Bank, the wholly-owned subsidiary of the Corporation, with Citizens & Northern Bank surviving. Clark S. Frame, Chairman of the Board of Monument, will join the board of C&N, subject to any required regulatory approvals.