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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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April 21, 2006
Citizens Bancorp Announces Record 1st Quarter Earnings
Nevada City, California, April 21, 2006. Citizens Bancorp (the “Company”) (OTCBB and Pink Sheets: CZNB), the holding company of Citizens Bank of Northern California (the “Bank”), announced earnings for the first quarter 2006. Net income totaled $876,000 for the quarter ended March 31, 2006, a 111% increase compared to $414,000 for the same period in 2005. Basic and diluted earnings per share were $0.54 for the three month period ending March 31, 2006. This compares to basic and diluted earnings per share of $0.27 and $0.26 respectively for the same period in 2005.
Total assets for the Company increased 31% to $238.4 million at March 31, 2006 from $181.6 million at March 31, 2005. Total loans increased 38% to $220.1 million at March 31, 2006, compared to $159.0 million at March 31, 2005. Total deposits increase 35% to $210.2 million at March 31, 2006 from $155.8 million at March 31, 2005. Short term borrowings decreased $5.0 million to $0.0 million at March 31, 2006 from $5.0 million at March 31, 2005.
“The Bank’s earnings continue to be fueled by our niche as an experienced construction and commercial real estate lender,” said President & Chief Executive Officer, Judy Hess. She added, “On the deposit side, our Bank appreciates the confidence our community has in us by choosing us to take care of their banking needs as it is their deposits that fund the many construction projects that we see throughout Nevada County.”
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 in Nevada County, one in Nevada City, two in Grass Valley, one in Penn Valley and its newest branch in Lake of the Pines. Two new branches have been scheduled for opening this summer, one in Truckee and one in Auburn, which will be the Bank’s first entry into neighboring Placer County. Today, 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. |
