NEWS ROOM  

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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.”

 


 

 

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/.

 

Through August 15 2016

CITIZENS FIRST BANK 2017 Calendar Photo Contest. Click Here to learn more>>>

 

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.

 

September 24 CITIZENS FIRST BANK FREE COMMUNITY SHRED DAY | 1442 Lincoln Way | 9am - 11am
Citizens First Bank will provide free personal document shredding to the community on Saturday, September 24th. The event will take place from 9:00am-11:00am at Citizens First Bank’s 1442 Lincoln Way, Clinton office. Watch for signs and traffic direction.

Identity theft and fraud protection are as important as locking the doors to your house or vehicle. 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.

 

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.