Citizens First Bank Announces Changes in Leadership Roles

Clinton, IA July, 2015 - Chairman Bart Baker recently held a meeting with bank employees to rollout strategic plan initiatives.  Setting the stage for the plans he presented, he reminded employees the bank was founded 15 years ago to better meet the needs of the business community in the Clinton area.   Bart noted the board of directors was very proud of the growth and financial success achieved to date.   He reported that during the period following the 2008 financial crisis while other banks struggled, CFB was properly positioned resulting in record financial performance.


In more recent years, Bart noted the board authorized the Lincoln Way expansion to facilitate excellent customer service, the growing need for employee workspace, and to remove obstacles for further growth.  Bart emphasized the success of the bank has always been driven in a large part by the quality and commitment of bank staff.  To solidify this position, and prepare for future success, Bart was pleased to announce two changes effective immediately:


Tom Soenksen will transition from the President of Citizens First Bank to focus on strategic initiatives and business development to meet the goals previously shared.   Tom will maintain the CEO title for the bank, in addition to remaining the President of CFB Holding Company.  He also remains a member of the board of directors and will work more actively in that role.  “The Board and I want to thank Tom for his leadership in growing our vision from zero to $175 million in assets during the bank’s first 15 years.   We look forward to working with Tom as we position CFB for the next 15 years of success” stated Baker.


Kathy Forrest will assume responsibility for day to day operations and hold the title of Citizens First Bank President.  Baker noted “Tom was a steadfast advocate for Kathy to succeed him as President, and the board enthusiastically agreed with his assessment of her ability to lead us.  Kathy has worn a number of hats over the past 15 years and has consistently tackled all challenges put before her in a competent, professional, and can do way.”  Kathy’s most recent position at Citizens First Bank was Executive Vice 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 10-year tenure.


“Both Kathy and Tom were key executives with Citizens First Bank since its inception and integral parts the bank’s growth and success,” commented Bart Baker, Chairman of Citizens First Bank’s Board of Directors. “We’ve come a long way in fifteen years and I look forward to their commitment to take the Bank even further.”



Clements Earns Certificate from the Iowa School of Banking
Clinton, June, 2015:  Stephen Clements, Loan Officer, of Citizens First Bank, Clinton successfully completed the 2015  Iowa School of Banking held June 7-12, 2015 at the Courtyard by Marriott in Ankeny.

The one-week, two-year school, offered by the Iowa Bankers Association, provides a challenging, educational experience in addition to peer networking.  The challenging, interactive curriculum addresses the functions of banking departments and financial management and the business of banking.  Practical experience is gained through the use of a computer simulation, lectures, case studies and discussion. The school faculty includes active bankers, consultants and academicians, all recognized experts in their fields.

Stephen is an area native and joined Citizens First Bank in November of 2011. Stephen also has several years of experience as a Credit Analyst.  He is a MBA graduate of the University of Dubuque.



Citizens First Bank Participates in Financial Literacy Month
Community bank volunteers teach JA classes during National Financial Literacy Month


Clinton, IA April 13, 2015—Citizens First Bank has partnered with Junior Achievement to help celebrate National Financial Literacy Month. Teaching children about financial literacy and savings education is great start to help children become aware of the impact financial awareness has on their lives. Four volunteers from Citizens First Bank visiting 6 area elementary classrooms are exploring families, selves, city planning, community region, money management, the difference between needs and wants, how to balance a checkbook, and more.


“Being financially literate is one of the most important skills a young person can develop,” said Paula Mayer, Marketing Director. “Through this program we can motivate students and instill positive habits at a young age, creating a lifelong financially aware community.” 


Citizens First Bank offers the following tips for money-savvy parents raising financially literate children:

  • Set the example of a responsible money manager by paying bills on time, being a conscientious spender and an active saver. Children tend to emulate their parents' personal finance habits.
  • Talk openly about money with your kids. Communicate your values and experiences with money. Encourage them to ask you questions, and be prepared to answer them – even the tough ones.
  • Explain the difference between needs and wants, the value of saving and budgeting and the consequences of not doing so. 
  • Open a savings account for your children and take them with you to make deposits, so they can learn how to be hands-on in their money management.
  • Let friends and family know about your child’s savings goal.  They’ll be more likely to give cash for special occasions, which means more trips to the bank.
  • Engage your community.  Many schools, banks and community organizations share your commitment to creating a money-savvy generation.  Engage a coalition of support to provide youth with the education they need to succeed. 






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:




September 2015

We will be closed on Monday, September 7 in observance of Labor Day. Please use our ATMs, Online Banking, and Mobile Banking for your basic banking needs.



October 2015

Citizens First Bank will provide free personal document shredding to the community on Saturday, October 3. The event will take place from 9:00am-11:00am at Citizens First Bank’s Office in Camanche, 403 S Washington Blvd-PLEASE watch for directional signs. Protect yourself and destroy any documents containing personal information. Participants can watch their sensitive documents 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, and date of birth or passwords should be shredded to avoid personal issues such as identity theft or fraud. Types of items that should be destroyed 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 free service is intended for individuals, no businesses please.


We will be closed on Monday, October 12 in observance of Columbus Day. Please use our ATMs, Online Banking, and Mobile Banking for your basic banking needs.



November 2015

We will be closed on Wednesday, November 11 in observance of Veterans' Day. Please use our ATMs, Online Banking, and Mobile Banking for your basic banking needs.



We will be closed on Thursday, November 26 in observance of Thanksgiving Day. Please use our ATMs, Online Banking, and Mobile Banking for your basic banking needs.



December 2015

We will be closed on Friday, December 25. Have an enjoyable Christmas Day. Please use our Online Banking, Mobile Banking, or ATMs for basic banking needs.



January 2016

Have an enjoyable New Year's Day. Please use our Online Banking, Mobile Banking, or ATMs for basic banking needs.