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July 22, 2008
Citizens Bank of Northern California announced the hiring of Mary Anne Davis as Assistant Vice President, Marketing Officer for the Bank. read more |
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May 19, 2008
Citizens Bancorp, the holding company of Citizens Bank of Northern California, announced that its Board of Directors approved the declaration of a 5% stock dividend. read more |
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March 6, 2008
Citizens Bancorp, the holding company of Citizens Bank of Northern California, announced financial results for the twelve month period ended December 31, 2007. read more |
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November 1, 2007
Citizens Bancorp, the holding company of Citizens Bank of Northern California, announced financial results for the quarter ended September 30, 2007. read more |
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August 1, 2007
Citizens Bancorp, the holding company of Citizens Bank of Northern California, announced financial results for the quarter ended June 30, 2007. read more |
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May 8, 2007
Citizens Bancorp, the holding company of Citizens Bank of Northern California, today announced that its Board of Directors approved the declaration of a 5% stock dividend. read more |
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April 26, 2007
Citizens Bancorp, the holding company of Citizens Bank of Northern California, announced financial results for the three month period ended March 31, 2007. read more |
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March 12, 2007
Citizens Bancorp, the holding company of Citizens Bank of Northern California, announced record earnings for the twelve month period ended December 31, 2006. read more |
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March 8, 2007
Citizens Bank of Northern California announced the hiring of Carmine DeCicco as Vice President, Commercial Banker for its Auburn Branch. read more |
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March 8, 2007
Citizens Bank of Northern California announced the hiring of Julie Frenzel as Vice President, Relationship Officer for its Penn Valley Branch. read more |
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January 10, 2007
Citizens Bank Enhances Its Online Banking Service With a Multi-Factor Authentication Security System. read more |
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January 2, 2007
Citizens Bank to Open Downtown Auburn Branch on January 9, 2007. read more |
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October 31, 2006
Citizens Bancorp Announces 3rd Quarter and YTD Earnings. read more |
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August 24, 2006
Citizens Bank to Open Truckee Branch Soon. read more |
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July 28, 2006
Citizens Bancorp Announces 2nd Quarter Earnings. read more |
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July 7, 2006
Citizens Bancorp Announces New Capital for Citizens Bank. read more |
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May 15, 2006
Citizens Bancorp Announces Stock Dividend . read more |
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May 9, 2006
Citizens Bancorp Stock Now Listed on the OTCBB . read more |
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April 21, 2006
Citizens Bancorp Announces Record 1st Quarter Earnings . read more |
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April 20, 2006
Citizens Bank of Nevada County Announces Name Change . read more |
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February 9, 2006
Citizens Bancorp Announces Record 4th Quarter Earnings . read more |
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January 27, 2006
Citizens Bank Announces Plan for New Truckee Branch . read more |
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December 2, 2005
Citizens Bank Announces Plan for New Downtown Auburn Branch . read more |
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November 8, 2005
Citizens Bank Names New Directors . read more |
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October 20, 2005
Citizens Bancorp Announces Record 3rd Quarter Earnings . read more |
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August 31, 2005
Citizens Bancorp Announces Capital Plans . read more |
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May 16, 2005
Citizens Bancorp Announces Stock Dividend . read more |
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October 20, 2005
Citizens Bancorp Announces Record 3rd Quarter Earnings
Nevada City, California, October 20, 2005. Citizens Bancorp (the “Company”) (PINK SHEETS: CZNB), the holding company of Citizens Bank of Nevada County (the “Bank”), announced their consolidated earnings for the third quarter, 2005. Net income totaled $712,000 for the quarter ended September 30, 2005, a 39.2% increase compared to $512,000 for the same period in 2004. Basic earnings per share were $0.44 for the three month period ending September 30, 2005, compared to $0.33 for the same period in 2004. Diluted earnings per share were $0.43 for the 3 months ended September 30, 2005, compared to $0.32 for the same period in 2004.
For the nine month period ending September 30, 2005, net income was $1,657,000, a 23.4% increase compared to $1,343,000 in the same period in 2004. Basic earnings per share were $1.03 for the nine month period ending September 30, 2005, and diluted earnings per share were $1.01 for the same period. Basic and diluted earnings per share were $0.86 and $0.84, respectively, for the nine month period ending September 30, 2004.
Earnings per share for three months and nine months periods ending September 30, 2004 have been adjusted to reflect the payment of a 5% stock dividend on June 13, 2005. The 1,620,644 shares outstanding at September 30, 2005, also reflect the exercise of certain stock options during the period, which resulted in 17,062 new shares outstanding for the three months ending September 30, 2005, and 51,648 new shares outstanding for the nine month period ending September 30, 2005.
Total assets for the Company, as of September 30, 2005, were $219.0, an increase of $49.5 million from September 30, 2004, and an increase of $44.4 million from December 31, 2004. This represents a year-over-year growth rate of 29.2% and growth of 25.4% since December 31, 2004.
Total loans for the Company, as of September 30, 2005, were $193.8, an increase of $53.6 million from September 30, 2004, and an increase of $44.4 million from December 31, 2004. This represents a year-over-year growth rate of 38.3%, and growth of 29.7% since December 31, 2004.
Total deposits for the Company, as of September 30, 2005, were $192.8, an increase of $43.7 million from September 30, 2004, and an increase of $40.9 million from December 31, 2004. This represents a year-over-year growth rate of 29.4%, and growth of 26.9% since December 31, 2004.
“Earnings for the third quarter 2005 again marked the best quarter in our Bank’s 10-year history”, said President & Chief Executive Officer, Judy Hess. She added, “Our earnings growth is tied to a steady demand for commercial real estate and residential and commercial construction lending. Like many local businesses, we’ve also benefited from the robust home improvement and building renovation activity in our community.”
Founded in February 1995, Citizens Bank, headquartered in Nevada City, became a wholly owned subsidiary of the Company in 2003. The Bank has five branches, one in Nevada City, two in Grass Valley, one in Penn Valley, and its newest branch in Lake of the Pines, in southern Nevada County. The Bank offers community banking services in the Nevada County market, including a wide variety of deposit products, commercial, residential and consumer loans, and other traditional banking products and services, designed to meet the needs of small and middle market businesses and individuals.
This news release may include forward-looking statements about Citizens Bancorp’s financial condition, results of operations, plans, objectives and future performance. A number of factors, many of which are beyond the control of Citizens Bancorp, could cause actual results to differ materially from those in the forward-looking statements. In addition, past results are not necessarily indicators of future performance. |
