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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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July 7, 2006
Citizens Bancorp Announces New Capital for Citizens Bank
Nevada City, California, July 7, 2006. Citizens Bancorp (the “Company”) (OTCBB: CZNB), the holding company of Citizens Bank of Northern California (the “Bank”), announced its $6,000,000 participation in a pooled Trust Preferred Securities private offering. The transaction closed June 30, 2006.
Under the terms of the trust preferred offering, the securities will mature in 30 years and are redeemable, in whole or in part, without penalty, after five years at the option of Citizens Bancorp. The securities have a floating rate, which will be reset quarterly, equal to the three-month LIBOR rate plus 1.65 percent. In addition, trust preferred securities are included as part of the Company's regulatory capital.
President and CEO Judy Hess stated, “We continually monitor the capital needs of the Company and consider all viable capital raising opportunities. The issuance of these trust preferred securities will allow the Company to augment the Bank's capital and support its continued growth by downstreaming the proceeds to the Bank.”
The Company expects to release financial results for the quarter ended June 30, 2006 later in July. First quarter results for the quarter ended March 31, 2006 reported that total assets had increased 31% to $238.4 million at March 31, 2006 from $181.6 million at March 31, 2005.
Founded in February 1995, Citizens Bank, headquartered in Nevada City, became a wholly owned subsidiary of the Company as part of a bank holding company reorganization 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. Two new branches are scheduled to be opened in the fall of 2006, one in Truckee and one in Auburn. 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. This press release does not constitute an offer of any securities for sale. |
