NEWS ROOM  

Community Banks Help Main Street Thrive

 

Washington, D.C. (Apr, 2016)—During ICBA Community Banking Month, the Independent Community Bankers of America® (ICBA) celebrates Citizens First Bank and the nation’s more than 6,000 community banks, which build stronger communities by helping local customers gain financial stability through quality products and services and access to financial literacy information and tools.

 

“Community banks are locally owned and operated financial institutions that take in local deposits and lend them out locally in the form of loans to customers, farmers and small business owners. Many times, community banks are family owned and have served their community for generations,” said ICBA Chairman and third-generation community banker Rebeca Romero Rainey, chairman and CEO of Centinel Bank of Taos, N.M. “Community banks exist to serve the needs of their customers and communities and make their Main Streets thrive one loan at a time.”

 

Community banks are relationship lenders that flourish when their customers and communities do the same. Taking care of customers and looking out for the best interest of local communities is inherent to the relationship lending business model that is unique to community banking.

 

Below are some fun facts about community banks.

  • Community banks constitute 96 percent of all banks!
  • There are more than 600 counties—almost one out of every five U.S. counties—that have no other physical banking offices except those operated by community banks.
  • There are more than 51,000 community bank locations nationwide.
  • Community banks hold more than $3.8 trillion in assets, $3.1 trillion in deposits, and $2.6 trillion in loans to consumers, small businesses and the agricultural community.
  • Community banks employ 700,000 Americans and create countless jobs thanks to their role in lending to small businesses and agricultural enterprises.
  • Community banks make more than 50 percent of small business loans.
  • Community banks make 90 percent of agricultural loans.
  • More than 2,500 community banks have been in business for more than 100 years.
  • The oldest community bank is in Rhode Island. It’s 215 years old, which means that it opened the same year that John Adams was elected president and Volta created the first modern battery!

 

“Citizens First Bank is honored to serve the lending needs of Clinton and surrounding communities. We care about our customers and are dedicated to helping our local residents and town thrive,” said Kathy Forrest, President and CEO, Citizens First Bank. “We appreciate the opportunity serve our customers and to celebrate community banking here, as well as in communities across the nation, and spread the positive story of our industry and the communities we serve.”

 

 

Citizens First Bank Announces FREE Community Shred Day

Citizens First Bank continues to raise consumer awareness of identity theft and fraud

 

Clinton, April 2016:  Citizens First Bank will provide free personal document shredding to the community on Saturday, April 16th. The event will take place from 9:00am-11:00am at Citizens First Bank’s office at 1442 Lincoln Way, Clinton. Watch for signs and traffic direction.

 

Citizens First Marketing Director, Paula Mayer, says identity theft and fraud protection is as important as locking the doors to your house or vehicle. According to Mayer, “Identity theft and fraud are constant challenges and we plan to maintain this as an ongoing event to help the community we serve. We are helping consumers learn how to protect themselves, and at the same time, helping them get rid of any documents containing personal information. Participants will be able to watch their sensitive documents being shredded on the spot.”

 

The community is welcome to bring their personal data for confidential destruction. Anything that may contain personal identifying information such as Social Security numbers, address, date of birth or passwords should be shredded to avoid personal issues such as identity theft or fraud. Types of items that should be shredded include: cancelled checks; check registers; bank statements or receipts; loan documents; mortgage documents; brokerage statements; school records; credit card, mortgage and finance solicitations; credit card statements, contracts, personal business papers, and credit applications. This service is intended for individuals, no businesses please.

 

Citizens First Bank has been offering this very important service to the community for the past twelve years.

 

Citizens First Bank Makes Donation to Gateway After Prom

Clinton, April, 2016:  Citizens First Bank employees recently presented a donation to representatives of the Gateway After Prom committee.

 

Citizens First Bank donates to the Gateway After Prom event each time the Clinton High School River Kings make a first down during the regular football season. The program is under the direction of KROS Radio and is entitled “Citizens First First Down.” This year Citizens First Bank provided a total of $825 to the group to help towards a great and safe after prom event.

Pictured from left to right: Liz Mink, Steve Clements, Helen Peters, Greg Farwell, Kris Wiersema, Georgia Cook, Gary Determan, Barb Olsen, Eddie Dunham, Heather Farwell.

 

Citizens First Bank Makes Donation to Make A Wish
Clinton, March, 15 2016:  Citizens First Bank employees recently presented checks to the Clinton County Make-A-Wish representatives.

 

Citizens First Bank has been the sponsor of the Swish for Make a Wish program for the past 15 years and donates to the Clinton County Make-A-Wish Foundation each time the Clinton High School River Kings and Queens make a three-point basket during the regular basketball season. The program is under the direction of KROS Radio and is entitled “Swish for Make-A-Wish.” Citizens First Bank provided $500 to the organization to help wishes come true. The annual Make-A-Wish fundraiser event will be held 5:30pm Saturday, April 9 at the Vista Grande in Clinton, call 563-212-8991 for more information or reservations.

Pictured from left to right: Lani Raasch, Connie Hook, Barb Jacobsen, Rebecca Regenwhether, Cindy Dunham, Maggie Goebel, Julie Davis, Steve Clements, Lori Susie, Gary Determan - KROS, Jill Boss, and Kathy Forrest.

 

Citizens First Bank Announces 2015 Results and Appointments at Annual Shareholders’ Meeting

Clinton, February, 2016:  CFB Holding Company, the parent organization for Citizens First Bank, held its annual shareholders’ meeting Wednesday, February 17, 2016 at the bank’s main facility at 1442 Lincoln Way in Clinton. Attendees were welcomed by Board of Directors Chairman Bart Baker.   Bart shared an overview of the extensive strategic plan initiatives undertaken in 2015 and on-going for 2016.  He recognized retiring Board members: W. Thomas Kelly and Ronald I. Kircher and thanked them for their many contributions to formation of the bank and its success to date.

 

Kathryn A. Forrest, President, presented financial and operational results of the bank for the fiscal year ended December 31, 2015.  She noted the bank has consistently operated under controlled growth of approximately 5% the last several years. She noted the bank finished the year at $187 million in assets; $161 million in Deposits; and $145 million in loans. Kathy reported 2016 Budget assumes continuation of controlled growth.

 

Thomas D. Soenksen, CEO, presented in greater detail some of the topics for discussion as the strategic plan process continues. Tom noted the process will be instrumental in determining growth strategies, capital needs, and impacts on shareholder return.

 

The following appointments, changes, and associated titles were approved at the meeting:

  • Kathryn A. Forrest will take on the role of CEO in addition to her current role as President. Kathy was instrumental in establishing Citizens First Bank and has worn many hats over the past fifteen years, most recently as President. She graduated magna cum laude from St. Ambrose University with a BA in accounting and a minor in Business Administration. Before working at CFB, she was Assistant Vice President at Mercantile Bank Midwest in Clinton. Prior to that she worked at Deere & Company, where she was promoted through a number of financial positions over her ten-year tenure.
  • Susan M. Vogel was promoted to VP Financial Systems (Cashier). Susie has worked in the banking industry for fifteen years in operations, accounting, security and IT roles and has been with Citizens First Bank since 2008. She is an MBA graduate from Keller Graduate School of Management of DeVry University and holds a BA in Business Administration and Accounting from Mount St. Clare College.
  • Emily J. Schulz-Stiles was promoted to VP Human Resources. Emily has been with Citizens First Bank for three years in human resources and accounting roles. She is an MBA graduate from Ashford University with a specialization in Human Resource Management and holds a BA in Accounting and Business Teaching from the University of Northern Iowa.
  • Stephen C. Clements was promoted to VP Commercial Lending. Steve joined Citizens First Bank in 2011 and has over seven years financial industry experience. He holds an MBA from the University of Dubuque as well as a BA in Business Administration and has achieved completion of the Iowa Bankers School of Banking program.
  • Heather Farwell was promoted to VP Operations. Heather has been with Citizens First Bank 13 years in teller operations, loan operations, customer service and branch management and has over twenty years financial industry experience. She attended Lincoln Land Community College with course emphasis in Business and Accounting.
  • Edward J. Dunham was promoted to VP Real Estate & Consumer Lending. Eddie has been in the banking industry for ten years in several lending roles and joined Citizens First Bank in 2009. He holds a Bachelor’s Degree in Marketing Management from Ashford University.
  • Evan R. Trenkamp was promoted to Loan Officer. Evan has been in the banking industry for six years in lending roles and joined Citizens First Bank in 2014. He holds a Bachelor’s Degree in Ag Business from the University of Wisconsin as well as in Accounting from Upper Iowa University. He has achieved certificates from both the Iowa Bankers Association Consumer Credit and Ag Lending Schools.

"We are pleased to announce these well-deserved promotions. The additions and changes to Officer positions will allow us to pursue the strategic initiatives before us,” Forrest stated.

 

In addition to the above named appointments, the following key officers were also appointed for another year:

 

Keith D. Hook, Senior VP Lending; Barbara A. Olsen, Sr. VP Deposits; Gregory B. Farwell, VP Lending; Sherri L. Blohm, Compliance Officer; Georgia E. Cook, Loan Administration Officer; Laura L. Gassman, Operations Officer; Judith A. Leonard, Retail Banking Officer; and Lori L. Welsh, Loan Officer. “All of these employees have been instrumental in the success of the bank and vital to sustaining that in the future,” commented Forrest.

 

Directors appointed for the coming year were: Bart Baker of Frontier Management Corp.; Charles Armstrong, Ruhl & Ruhl; Greg Baker, G. Baker Distributing; Mary P. Connell, Air Control; Richard W. Farwell, Farwell & Bruhn; Robert B. Holesinger, Quality Concrete Company; Steve L. Howes, Howes & Jefferies; John P. McEleney, McEleney Motors; Mike R. Hanrahan, AgriKing; Thomas D Soenksen, CFB Holding Company; Kathryn A. Forrest, Citizens First Bank.

 


 

 

EVENTS

 

See all that is happening in our community and list your own community event for free at the Clinton Area Convention and Visitors Bureau website: http://www.clintoniowatourism.com/.

 

 

 

May 2016

May 30 CITIZENS FIRST BANK CLOSED
We will be closed on Monday, May 30 in observance of Memorial Day. Please use our Online Banking, Mobile Banking, or ATMs for basic banking needs.

 

July 2016

July 4 CITIZENS FIRST BANK CLOSED
We will be closed on Monday, July 4 in observance of Independence Day. Please use our Online Banking, Mobile Banking, or ATMs for basic banking needs.

 

September 2016

September 5 CITIZENS FIRST BANK CLOSED
We will be closed on Monday, September 5 in observance of Labor Day. Please use our Online Banking, Mobile Banking, or ATMs for basic banking needs.

 

October 2016

October 10 4 CITIZENS FIRST BANK CLOSED
We will be closed on Monday, October 10 in observance of Columbus Day. Please use our Online Banking, Mobile Banking, or ATMs for basic banking needs.

 

November 2016

November 11 CITIZENS FIRST BANK CLOSED
We will be closed on Friday, November 11 in observance of Veterans' Day. Please use our Online Banking, Mobile Banking, or ATMs for basic banking needs.

 

November 24 CITIZENS FIRST BANK CLOSED
We will be closed on Thursday, November 24 in observance of Thanksgiving Day. Please use our Online Banking, Mobile Banking, or ATMs for basic banking needs.