We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of HV Bancorp, Inc. (“HV Bancorp” or the “Company”)(NASDAQ: HVBC), in connection with the proposed merger of the Company with Citizens Financial Services, Inc. (NASDAQ: CZFS).  Under the merger agreement, HV Bancorp shareholders will have the right to elect to receive for each share of HV Bancorp common stock owned, either $30.50 in cash or 0.400 shares of CZFS common stock.

Weiss Law is investigating whether (i) HV Bancorp’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the per-share merger consideration adequately compensates HV Bancorp’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.