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What's New at Citizens Bank?

December 16, 2014 - Citizens Bank President and CEO to retire on March 31, 2014

On Citizens Bancorp announced today that Bill Humphreys Sr. will retire from the position of President and CEO as of March 31, 2015. He will be replaced by Gordon Zimmerman, currently President and CEO of Community Bank located in Ronan, Montana.

 

Humphreys, who is completing a 45 year career in banking, will stay as a member the board of directors, and will serve as Chairman. He has held his current title with Citizens Bancorp for the past 19 years.

 

Mr. Zimmerman, who is a Certified Public Accountant (CPA), began his professional experience as an auditor with KPMG, focusing on financial institutions as well as the construction and real estate industries. He has been a community bank President and CEO since 2001. He currently serves as the State of Montana’s elected Member Director of the Federal Home Loan Bank of Seattle, where he is Vice Chairman of the Board. Mr. Zimmerman and wife Abby have twin daughters, Kennedy and Saylor.

 

“We are fortunate to have attracted a leader with the depth and breadth of experience of Gordon Zimmerman. He has established inspirational working cultures and leadership teams across different types of operating environments.  He has a strong regulatory acumen. He is motivated to assume the role of the CEO with a passion for the mission and success of the organization. I am certain that Gordon is the right person at the right time for Citizens Bank”. Bill Humphreys, Sr.

June 24, 2014 - Citizens Bancorp Announces Stock Dividend

On June 24, 2014 the Board of Directors of Citizens Bancorp declared a ten percent (10%) stock dividend to be paid to all common and preferred shareholders of record as of July 9, 2014.  The shares and will be distributed on or before August 1, 2014.

 

Bill Humphreys Sr., President and CEO of Citizens Bancorp and Citizens Bank stated, “We are pleased to offer a one-time 10% stock dividend to our shareholders. We expect that the issuance of these additional shares will be perceived positively as it increases the total number of shares held by each shareholder. The Bank continues to be safe, sound and financially productive.”  

 

To purchase stock or receive additional dividend information, please contact:

Clarissa Hoff, Stock Transfer Agent, Citizens Bancorp, 541-766-2261

June 2, 2014 - Salem Lending Center Converted to Full Branch

On June 2, 2014 Citizens Bank converted its Salem Lending Center to a fully functioning branch. The Salem Branch is located at 4285 Commercial St. SE, Suite 280, Salem Oregon 97302. Gary Van Antwerp continues as Branch Manager and has added new staff. Derik Munns joined the staff as AVP and Commercial Loan Officer, Alexandra Sanders was promoted to Operations Officer and Kandy Harbaugh will continue as Branch Officer. For more information on the Salem Branch click here.

March 31, 2014 - New Branch Opens in Tualatin, Oregon

On March 31, 2014 Citizens Bank opened its 14th branch in Tualatin, Oregon. The Tualatin Branch located at 8100 SW Nyberg Street, Suite110, Tualatin Oregon 97062 is managed by Don Zinter. The fully staffed branch includes Commercial Lender Mike Kringlen, Operations Officer Michelle Don and Branch Officer Alyssa Alexander. For more information on the Tualatin Branch click here.

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