0001193125-15-396731.txt : 20151208 0001193125-15-396731.hdr.sgml : 20151208 20151207181106 ACCESSION NUMBER: 0001193125-15-396731 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20151208 DATE AS OF CHANGE: 20151207 GROUP MEMBERS: SIENA CAPITAL MANAGEMENT, LLC GROUP MEMBERS: SIENA CAPITAL PARTNERS ACCREDITED, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CITIZENS FINANCIAL SERVICES INC CENTRAL INDEX KEY: 0000739421 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 232265045 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-39112 FILM NUMBER: 151273768 BUSINESS ADDRESS: STREET 1: 15 S MAIN ST CITY: MANSFIELD STATE: PA ZIP: 16933 BUSINESS PHONE: 5706622121 MAIL ADDRESS: STREET 1: 15 S MAIN ST CITY: MANSFIELD STATE: PA ZIP: 16933 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Siena Capital Partners I, L.P. CENTRAL INDEX KEY: 0001463325 IRS NUMBER: 200838755 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 100 N. RIVERSIDE PLAZA STREET 2: SUITE 1620 CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: (312)559-1850 MAIL ADDRESS: STREET 1: 100 N. RIVERSIDE PLAZA STREET 2: SUITE 1620 CITY: CHICAGO STATE: IL ZIP: 60606 SC 13G 1 d30956dsc13g.htm SC 13G SC 13G

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No.     )

 

 

Citizens Financial Services, Inc.

(Name of Issuer)

Common Stock, no par value

(Title of Class of Securities)

17462Q107

(CUSIP Number)

January 22, 2015

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

  ¨ Rule 13d-1(b)

 

  x Rule 13d-1(c)

 

  ¨ Rule 13d-1(d)

 

* 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 the disclosures provided in a prior cover page.

The information required in 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).

 

 

 

CUSIP No. 17462Q107   13G    Page 2 of 10

 

  1   

Names of Reporting Persons

 

Siena Capital Partners I, L.P.

  2  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ¨        (b)  ¨

 

  3  

SEC Use Only

 

  4  

Citizenship or Place of Organization

 

Delaware

Number of Shares Beneficially Owned by Each Reporting Person

With

      5     

Sole Voting Power

 

0

     6   

Shared Voting Power

 

167,670

     7    

Sole Dispositive Power

 

0

     8    

Shared Dispositive Power

 

167,670

  9    

Aggregate Amount Beneficially Owned by Each Reporting Person

 

167,670

10  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ¨

 

11  

Percent of Class Represented by Amount in Row (9)

 

8.5%(1)

12  

Type of Reporting Person (See Instructions)

 

PN

 

(1) Based on 1,968,777 shares of Common Stock outstanding as of November 12, 2015, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 12, 2015.

CUSIP No. 17462Q107   13G    Page 3 of 10

 

  1   

Names of Reporting Persons

 

Siena Capital Partners Accredited, L.P.

  2  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ¨        (b)  ¨

 

  3  

SEC Use Only

 

  4  

Citizenship or Place of Organization

 

Delaware

Number of Shares Beneficially Owned by Each Reporting Person

With

      5     

Sole Voting Power

 

0

     6   

Shared Voting Power

 

3,007

     7   

Sole Dispositive Power

 

0

     8   

Shared Dispositive Power

 

3,007

  9    

Aggregate Amount Beneficially Owned by Each Reporting Person

 

3,007

10  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ¨

 

11  

Percent of Class Represented by Amount in Row (9)

 

0.2%(1)

12  

Type of Reporting Person (See Instructions)

 

PN

 

(1) Based on 1,968,777 shares of Common Stock outstanding as of November 12, 2015, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 12, 2015.

CUSIP No. 17462Q107   13G    Page 4 of 10

 

  1   

Names of Reporting Persons

 

Siena Capital Management, LLC

  2  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ¨        (b)  ¨

 

  3  

SEC Use Only

 

  4  

Citizenship or Place of Organization

 

Delaware

Number of Shares Beneficially Owned by Each Reporting Person

With

      5     

Sole Voting Power

 

0

     6   

Shared Voting Power

 

170,677

     7   

Sole Dispositive Power

 

0

     8   

Shared Dispositive Power

 

170,677

  9    

Aggregate Amount Beneficially Owned by Each Reporting Person

 

170,677

10  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ¨

 

11  

Percent of Class Represented by Amount in Row (9)

 

8.7%(1)

12  

Type of Reporting Person (See Instructions)

 

OO

 

(1) Based on 1,968,777 shares of Common Stock outstanding as of November 12, 2015, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 12, 2015.

CUSIP No. 17462Q107   13G    Page 5 of 10

 

Item 1(a) Name of Issuer:

Citizens First Corporation (the “Issuer”)

 

Item 1(b) Address of Issuer’s Principal Executive Offices:

1065 Ashley Street

Bowling Green, Kentucky 42103

 

Item 2(a) Name of Person Filing:

(i) Siena Capital Partners I, L.P.

(ii) Siena Capital Partners Accredited, L.P.

(ii) Siena Capital Management, LLC

 

Item 2(b) Address of Principal Business Office or, if none, Residence:

100 N. Riverside Plaza, Suite 1630

Chicago, Illinois 60606

 

Item 2(c) Citizenship:

 

  (i) Siena Capital Partners I, L.P. is a Delaware limited partnership.
  (ii) Siena Capital Partners Accredited, L.P. is a Delaware limited partnership.
  (ii) Siena Capital Management, LLC is a Delaware limited liability company.

 

Item 2(d) Title of Class of Securities:

Common Stock, no par value (“Common Stock”)

 

Item 2(e) CUSIP Number:

17462Q107

 

Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

Not applicable

 

Item 4. Ownership

(a) Amount beneficially owned: As of December 7, 2015, Siena Capital Partners I, L.P. may be deemed to beneficially own 167,670 shares of Common Stock. Siena Capital Partners Accredited, L.P. may be deemed to own 3,007 shares of Common Stock and Siena Capital Management, LLC may be deemed to beneficially own 170,677 shares of Common Stock . Siena Capital Management, LLC is the general partner of Siena Capital Partners I, L.P. and Siena Capital Partners Accredited, L.P.

(b) Percent of class: As of December 7, 2015, Siena Capital Partners I, L.P. may be deemed to beneficially own 8.5% of the Common Stock . Siena Capital Partners Accredited, L.P. may be deemed to beneficially own 0.2% of the Common Stock and Siena Capital Management, LLC may be deemed to beneficially own 8.7% of the Common Stock . The percentages are based on 1,968,777 shares of Common Stock outstanding as of November 12, 2015, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 12, 2015.

CUSIP No. 17462Q107   13G    Page 6 of 10

 

  (c) Number of shares as to which Siena Capital Partners I, L.P. has:

 

  (i) Sole power to vote or to direct the vote: 0.

 

  (ii) Shared power to vote or to direct the vote: 167,670.

 

  (iii) Sole power to dispose or direct the disposition of: 0.

 

  (iv) Shared power to dispose or to direct the disposition of: 167,670.

Number of shares as to which Siena Capital Partners Accredited, L.P. has:

 

  (i) Sole power to vote or to direct the vote: 0.

 

  (ii) Shared power to vote or to direct the vote: 3,007.

 

  (iii) Sole power to dispose or direct the disposition of: 0.

 

  (iv) Shared power to dispose or to direct the disposition of: 3,007.

Number of shares as to which Siena Capital Management, LLC has:

 

  (i) Sole power to vote or to direct the vote: 0.

 

  (ii) Shared power to vote or to direct the vote: 170,677.

 

  (iii) Sole power to dispose or direct the disposition of: 0.

 

  (iv) Shared power to dispose or to direct the disposition of: 170,677.

As of January 22, 2015: Siena Capital Partners I, L.P. had shared voting and dispositive power over 98,147 shares of Common Stock; Siena Capital Partners Accredited, L.P. had sharing and dispositive power over 1,618 shares of Common Stock; and Siena Capital Management, LLC had shared voting and dispositive power over 99,765 shares of Common Stock . As of January 22, 2015 Siena Capital Partners I, L.P. may have been deemed to beneficially own 5.0% of the Common Stock. Siena Capital Partners Accredited, L.P. may have been deemed to beneficially own 0.1% of the Common Stock and Siena Capital Management, LLC may be deemed to beneficially own 5.1% of the Common Stock. The percentages are based on 1,968,777 shares of Common Stock outstanding as of November 6, 2014, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 6, 2014.

Each of Siena Capital Partners I, L.P. and Siena Capital Partners Accredited, L.P. disclaims beneficial ownership over the shares of Common Stock beneficially owned by the other.

 

Item 5. Ownership of Five Percent or Less of a Class

Not Applicable.

 

Item 6. Ownership of More than Five Percent on Behalf of Another Person

Not Applicable.

CUSIP No. 17462Q107   13G    Page 7 of 10

 

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person

Not Applicable.

 

Item 8. Identification and Classification of Members of the Group

Not Applicable.

 

Item 9. Notice of Dissolution of Group

Not Applicable.

CUSIP No. 17462Q107   13G    Page 8 of 10

 

Item 10. Certification

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

CUSIP No. 17462Q107   13G    Page 9 of 10

 

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: December 7, 2015

 

SIENA CAPITAL PARTNERS I, L.P.

By: Siena Capital Management, LLC, its

       General Partner

        By:  

    /s/ Daniel Kanter

  Name: Daniel Kanter
  Title: President
SIENA CAPITAL PARTNERS ACCREDITED, L.P.

By: Siena Capital Management, LLC, its

       General Partner

        By:  

    /s/ Daniel Kanter

  Name: Daniel Kanter
  Title: President
SIENA CAPITAL MANAGEMENT, LLC
        By:  

    /s/ Daniel Kanter

  Name: Daniel Kanter
  Title: President
 EX-99.1 2 d30956dex991.htm EXHIBIT -1 Exhibit -1
CUSIP No. 17462Q107   13G    Page 10 of 10

 

EXHIBIT 1 - JOINT FILING AGREEMENT

The undersigned hereby agree that they are filing this statement jointly pursuant to Rule 13d-1(k)(1). Each of them is responsible for the timely filing of such Schedule 13G and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate.

In accordance with Rule 13d-1(k)(1) promulgated under the Securities and Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with each other on behalf of each of them of such a statement on Schedule 13G with respect to the common stock of beneficially owned by each of them. This Joint Filing Agreement shall be included as an exhibit to such Schedule 13G.

Date: December 7, 2015

 

SIENA CAPITAL PARTNERS I, L.P.

By: Siena Capital Management, LLC, its

       General Partner

        By:  

    /s/ Daniel Kanter

  Name: Daniel Kanter
  Title: President
SIENA CAPITAL PARTNERS ACCREDITED, L.P.

By: Siena Capital Management, LLC, its

       General Partner

        By:  

    /s/ Daniel Kanter

  Name: Daniel Kanter
  Title: President
SIENA CAPITAL MANAGEMENT, LLC
        By:  

    /s/ Daniel Kanter

  Name: Daniel Kanter
  Title: President