Welcome to our dedicated page for Citizens Bancsha news (Ticker: CITZ), a resource for investors and traders seeking the latest updates and insights on Citizens Bancsha stock.
Citizens Bancshares Corporation (CITZ) is a bank holding company based in Olanta, South Carolina, whose principal activity is the ownership and operation of The Citizens Bank, a state-chartered community bank. News related to CITZ often centers on developments at The Citizens Bank, which operates 24 branches in South Carolina and has total assets in excess of $1 billion.
One significant area of news for CITZ involves its regional expansion and community banking initiatives. For example, The Citizens Bank has entered into a Purchase and Assumption Agreement to assume certain deposit liabilities and acquire certain loans, cash, personal property, and other fixed assets associated with First Capital Bank’s Laurinburg, North Carolina branch. Coverage of this type of transaction highlights how the bank extends its community banking model into new markets.
Readers following CITZ news can expect updates on branch transactions, changes in branch branding, and statements from management about the bank’s mission and role in local economies. In the Laurinburg transaction, The Citizens Bank has emphasized continuing the legacy of a hometown community bank, retaining the branch’s employees, and focusing on a smooth transition for customers.
This news page aggregates such announcements and related commentary, giving investors, customers, and community members a single place to review public information about Citizens Bancshares Corporation and The Citizens Bank. By monitoring these updates, observers can better understand how CITZ approaches regional growth, community engagement, and the evolution of its branch network over time.
The Citizens Bank (OTCPK: CITZ) has entered into a Purchase and Assumption Agreement to acquire First Capital Bank's (OTCPK: FCPB) Laurinburg, North Carolina branch. The Citizens Bank will assume deposit liabilities and acquire loans, cash, and other assets associated with the branch. Post-acquisition, the branch will operate under The Citizens Bank brand.
The Citizens Bank, with over $1 billion in assets and 24 branches throughout South Carolina, will retain the current branch location and employees. This acquisition represents The Citizens Bank's strategic expansion into North Carolina. The transaction is expected to close in Q4 2025, pending regulatory approval.