Citizens First Bank Announces Strong Fourth Quarter and Full Year 2013 Results at 2014 Annual Shareholders’ Meeting
Clinton, March, 2014: CFB Holding Company, the parent organization for Citizens First Bank, held its annual shareholders’ meeting Wednesday, February 19, 2014 at the Bank’s Main facility at 1442 Lincoln Way in Clinton. Attendees were welcomed by Board of Directors Chairman Bart Baker.
Tom Soenksen, President & CEO, provided the shareholders news of 13 years of continued growth. Key financial results included assets at year-ending 2013 of $163.8 million, earnings in 2013 of $1.9 million after tax, ROA of 1.8, ROE of 12.09, as well as solid financial performance. He stated that though 2013 continued to be a challenge for the financial services industry, Citizens First Bank held strong once again and remains one of the healthiest banks in Iowa. Accolades went out to the efforts and performance of CFB staff and were shared numerous times during the event.
Tom Soenksen also provided updates concerning the bank’s operations and attendees toured the nearly completed expansion project at the Lincoln Way facility. “We have grown significantly through a combination of dedication and commitment to community banking, terrific products and services, as well as superior service in Clinton and the surrounding area,” said Tom. “We now have the additional work space and features upgrades to provide a better work environment for employees and better means to serve our customers.” He also invited the group to an open house that is planned for the Bank’s 14th Anniversary in business to be held on March 14 at the Lincoln Way office.
Citizens First Bank Executive Management also announces the following appointments and election of officers that were approved. Tom Soenksen was reappointed President & CEO and Director of the bank; Kathryn A. Forrest, Executive Vice President; Keith D. Hook, Senior Vice President Lending; Barbara A. Olsen, Sr. Vice President Deposits; Gregory B. Farwell, Vice President Lending; Sherri L. Blohm, Compliance Officer; Rita L. Zeeryp, Vice President Compliance and Business Development; Heather Farwell, Teller Supervisor Officer; Lori L. Welsh, Loan Officer; Georgia E. Cook, Loan Administration Officer; Stephen C. Clements, Loan Officer; Edward J. Dunham, Loan Officer; Jesse H. Mitchell, Credit Review Officer; Laura L. Jeffrey, Operations Officer; Susan M. Vogel, Financial Systems Officer; Judith A. Leonard, Retail Banking Officer. Bart Baker of Frontier Management Corp. will continue to serve as Chairman of the Board of Directors. Other Directors renewing terms on the board include Thomas Kelly, Kelly Heating & Oil; Charles Armstrong, Ruhl & Ruhl; Greg Baker, G. Baker Distributing; Mary Connell, Air Control; Richard Farwell, Farwell & Bruhn; Robert Holesinger, Quality Ready Mix; Steve Howes, Howes & Jefferies; Ronald Kircher, Winkel, Parker & Foster, CPA PC, John McEleney, McEleney Motors, and Mike Hanrahan, AgriKing.
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/.
March 14 CITIZENS FIRST BANK ANNIVERSARY OPEN HOUSE
Celebrate our 14th Anniversary with a tour of our newly remodeled offices at 1442 Lincoln Way on Friday, March 14, 2014 from 8:30am until 4:30pm and register for a chance to win gift cards worth up to $500.00 (Terms and conditions available upon request).
April 19 CITIZENS FIRST BANK COMMUNITY SHRED DAY
Citizens First Bank will provide free personal document shredding to the community on Saturday, April 19. The event will take place from 9:00am-11:00am at Citizens First Bank’s Main Office, 1442 Lincoln Way in Clinton-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. Citizens First Bank has been offering this very important service to the community for the past nine years.
May 26 CITIZENS FIRST BANK CLOSED
We will be closed on Monday, May 26 in observance of Memorial Day. Please use our ATMs, Online Banking, and Mobile Banking for your basic banking needs.
July 4 CITIZENS FIRST BANK CLOSED
We will be closed on Friday, July 4 in observance of Independence Day. Please use our ATMs, Online Banking, and Mobile Banking for your basic banking needs.
September 1 CITIZENS FIRST BANK CLOSED
We will be closed on Monday, September 1 in observance of Labor Day. Please use our ATMs, Online Banking, and Mobile Banking for your basic banking needs.
October 13 CITIZENS FIRST BANK CLOSED
We will be closed on Monday, October 13 in observance of Columbus Day. Please use our ATMs, Online Banking, and Mobile Banking for your basic banking needs.
November 11 CITIZENS FIRST BANK CLOSED
We will be closed on Tuesday, November 11 in observance of Veterans' Day. Please use our ATMs, Online Banking, and Mobile Banking for your basic banking needs.
November 27 CITIZENS FIRST BANK CLOSED
We will be closed on Thursday, November 27 in observance of Thanksgiving Day. Please use our ATMs, Online Banking, and Mobile Banking for your basic banking needs.
December 25 CITIZENS FIRST BANK CLOSED
We will be closed on Thursday, December 25. Have an enjoyable Christmas Day. Please use our Online Banking, Mobile Banking, or ATMs for basic banking needs.
January 1 CITIZENS FIRST BANK CLOSED
Have an enjoyable New Year's Day. Please use our Online Banking, Mobile Banking, or ATMs for basic banking needs.