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Last update Apr 8, 3:15 PM EDT
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Citizens Bancshares Corp.
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Overview

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Description

Citizens Bancshares Corp. operates as a financial holding company, providing a comprehensive range of banking services through its subsidiary, Citizens Trust Bank. Its primary function is to offer community banking services that cater to individuals, small businesses, and commercial clients. The services include personal and commercial loans, deposit accounts, and mortgage products, aimed at fostering economic growth within the communities it serves. The banking services also extend to wealth management and financial planning solutions, offering investment advisory and trust services. Headquartered in Atlanta, Georgia, Citizens Bancshares Corp. is a significant participant in the local economy, supporting regional development. With a rich history dating back to its founding in 1921, the corporation plays a crucial role in enhancing financial accessibility and stability in its market area, while also advocating for minority community empowerment and inclusive financial practices.

About

CEO
Ms. Cynthia N. Day CPA
Employees
Address
230 Peachtree Street, NW
Suite 2700
Atlanta, 30303, GA
United States
Phone
678 406 4000
Website
Instrument type
Common stock
Sector
Financial Services
Industry
Banks - Regional
Country
United States
MIC code
PINX
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Latest press releases

Jan 31, 2025
Citizens Bancshares Corporation, parent company of Citizens Trust Bank Welcomes Alicia V. J. Wilson to its Board of Directors

ATLANTA, Jan. 31, 2025 /PRNewswire/ -- Citizens Bancshares Corporation, the parent company of Citizens Trust Bank, is pleased to announce the appointment of Alicia V. J. Wilson to its Board of Directors. A seasoned leader with a proven track record in finance and Enterprise Risk Management, Wilson brings a wealth of expertise that will support Citizens Bancshares Corporation's mission to deliver exceptional value to our customers, shareholders, and communities.

Wilson currently serves as Chief Audit Officer [CAO] and Vice President of Internal Audit for Southwire bringing extensive expertise in corporate finance, risk management, and strategic development. Known for her ability to provide strategic oversight and drive growth she will be an invaluable asset to the board as the bank continues to expand its offerings and strengthen its commitment to customer-centered solutions.

In a highly regulated industry, Ms. Wilson's extensive experience in internal auditing and risk management is particularly valuable. Her expertise will support the bank in ensuring adherence to regulatory standards and promoting strong, sound corporate governance.

"We are thrilled to welcome Alicia V. J. Wilson to our board," said Ray Robinson, Citizens Bancshares Corporation and Citizens Trust Bank's Chairman of the Board. "With her extensive expertise in risk management and dedication to community service, we're confident she will be instrumental in guiding the Company through this exciting phase of growth and innovation."

In joining Citizens Bancshares Corporation's Board of Directors, Wilson will work alongside other board members to provide strategic oversight and governance, ensuring the corporation remains at the forefront of excellence in banking, and community impact.

"Alicia's proven leadership and deep experience in risk management and strategic growth align perfectly with the bank's mission of providing innovative, customer-focused financial solutions," said Cynthia N. Day, President and CEO of Citizens Bancshares Corporation and Citizens Trust Bank. "We are excited and look forward to the valuable insights she will bring to our team as we continue to expand our services and deliver solutions that prioritize the needs of our customers and communities.

"I am honored to join the board of Citizens Bancshares Corporation," said Wilson. "The Company's commitment to its clients and communities is truly inspiring, and I am eager to contribute to its vision and mission as we work together to foster financial success and inclusive growth."

About Citizens Trust Bank

Ranked 28th by S&P Global among the top 100 best-performing US Community Banks under $3B*, Citizens Trust Bank celebrates over a century serving its community. Headquartered in Atlanta, Georgia, Citizens Trust Bank continues to prioritize offering customized services and financial solutions to address the community's evolving needs, going beyond traditional banking with a legacy built on economic equality and well-being. Today, Citizens Trust Bank continues to be led by its founding mission to empower customers and future generations for financial success and takes pride in offering financial solutions across the country. Through its parent company, Citizens Bancshares Corporation, the Bank offers its common stock over the counter to the public under the trading symbol CZBS and can be found at www.ctbconnect.com, and in the social media communities of Facebook, LinkedIn, Instagram, X, and Citizens Trust Bank Learning Channel on YouTube.

*Based on financials for the year ending December 2023.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/citizens-bancshares-corporation-parent-company-of-citizens-trust-bank-welcomes-alicia-v-j-wilson-to-its-board-of-directors-302365446.html

SOURCE Citizens Trust Bank

Jan 31, 2025
Citizens Trust Bank Announces Sherry L. Martin, as Senior SBA and GA/TN Commercial Team Leader

ATLANTA, Jan. 31, 2025 /PRNewswire/ -- Citizens Trust Bank proudly introduces Sherry L. Martin, as a First Vice President, and the newest addition to the Commercial Banking leadership team. With an ongoing commitment to supporting local businesses and communities, Sherry will serve as the Senior Small Business Administration (SBA) and Commercial Banking Team Leader. In her new role she establishes and conducts the bank's SBA lending strategies while managing the commercial banking focus within the Georgia and Tennessee markets.

Sherry brings a wealth of experience to Citizens Trust Bank, specializing in aligning financial and lending functions with community and business empowerment missions. With over 20 years of experience, Sherry has supported numerous businesses, leading to the creation of scores of jobs and contributing to the growth of local and national economies.

In her previous roles, Sherry offered support to community banks, credit unions, and Community Development Financial Institutions (CDFIs) in the creation, execution, and enhancement of their SBA lending programs. During the height of the 2020 CoVID-19 pandemic, she was instrumental in adapting lending practices to align with the Paycheck Protection Program (PPP). "What really attracted me to Citizens Trust Bank is the bank's long-standing commitment to helping businesses and communities thrive through much needed access to capital.  I'm excited about the opportunity to create even greater market penetration by implementing a more robust SBA program," shares Sherry Martin.

The Citizens Trust Bank lending teams continue to provide expert advice, flexible loan options, and innovative solutions designed to help businesses succeed.

Martin holds a B.A. in History from Clark Atlanta University. She is actively engaged in her community and industry through multiple roles, including serving as the Chair of the Invest Atlanta credit committee, Committee Chair and active member of the National Association of Government Guaranteed Lenders (NAGGL), and current Chair for the Georgia Lenders Quality Circle (GLQC). Additionally, she lends her skills and commitment to various community and service organizations as an active member of the Clark Atlanta University Alumni Association, Alpha Kappa Alpha Sorority, Inc. (Life member), Salem Bible Church and previously a Page for the U.S. House of Representatives.

"Sherry offers extensive knowledge in SBA lending and a wealth of experience in commercial banking. We are excited to have her join the CTB team," states Cynthia N. Day, President and CEO of Citizens Trust Bank. "For us, serving the interest of our communities has always been a primary focus and SBA lending will help deepen our impact.  Sherry will not only help advance our SBA efforts, but her overall experience and community focus over the years will contribute to our long-standing mission of increasing homeownership, entrepreneurship and wealth-building participation among all our customers and prospects. This marks a significant achievement for all involved."

About Citizens Trust Bank

Ranked 28th by S&P Global among the top 100 best-performing US Community Banks under $3B*, Citizens Trust Bank celebrates over a century in the community. Headquartered in Atlanta, Georgia, Citizens Trust Bank continues to prioritize offering customized services and financial solutions to address the community's evolving needs, going beyond traditional banking with a legacy built on economic equality and well-being.  Today, Citizens Trust Bank continues to be led by its founding mission to empower customers and future generations for financial success and takes pride in offering financial solutions across the country. Through its parent company, Citizens Bancshares Corporation, the Bank offers its common stock over the counter to the public under the trading symbol CZBS and can be found at www.ctbconnect.com, and in the social media communities of Facebook, LinkedIn, Instagram, X, and Citizens Trust Bank Learning Channel on YouTube.

*Based on financials for the year ending December 2023.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/citizens-trust-bank-announces-sherry-l-martin-as-senior-sba-and-gatn-commercial-team-leader-302365422.html

SOURCE Citizens Trust Bank

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