Citizens Bancshares (OTCMKTS:CZBS) is a bank holding company headquartered in Greenville, Texas, serving communities across East Texas and neighboring regions. Through its wholly owned subsidiary, Citizens Bank & Trust Company, the company provides a full suite of commercial and consumer banking services tailored to local market needs. The bank’s offerings include traditional deposit accounts, such as checking, savings and money market accounts, along with certificate of deposit products. Citizens Bancshares also extends lending solutions, encompassing commercial real estate, agricultural and consumer loans, as well as lines of credit for small to mid-sized businesses.
In addition to core banking services, Citizens Bancshares has expanded its product line to include cash management and treasury services for corporate clients, enabling efficient handling of receivables, payables and payroll processing. The company also provides mortgage lending through both fixed-rate and adjustable-rate home loans, and offers online and mobile banking platforms that allow customers to manage accounts, transfer funds and deposit checks remotely. Wealth management and trust services are available through affiliate relationships, giving high-net-worth individuals and families access to investment advisory, estate planning and retirement planning solutions.
Citizens Bancshares traces its roots back to 1908, when its principal banking subsidiary was established to serve rural communities in eastern Texas. Over the decades, the company has pursued organic growth alongside strategic acquisitions of community banks in nearby markets. This expansion strategy has broadened the company’s geographic footprint to include branch locations in Greenville, Sulphur Springs, Mineola and surrounding counties. The bank has maintained a strong community focus, supporting local economic development through lending to agriculture, manufacturing, healthcare and professional services.
Leadership at Citizens Bancshares is anchored by President and Chief Executive Officer Robert L. Harrison, who has overseen the company’s growth initiatives since his appointment in 2016. CFO and Executive Vice President Margaret J. Patel leads the finance and risk management functions, while a board of directors comprised of regional business and civic leaders provides governance oversight. Together, the management team emphasizes prudent credit practices, investment in technology and commitment to customer service as cornerstones of the company’s long-term strategy.
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