What's New at Citizens Bank?
November 8, 2015 - Citizens Bancorp Announces Cash Dividend
On November 17th, 2015, the Board of Directors of Citizens Bancorp declared a cash dividend to be paid to all shareholders of record on December 1, 2015. The Company declared a cash dividend equal to $0.30 per share of common stock, and $0.32 per share to holders of preferred stock. This dividend will be paid on or before January 8, 2016.
Gordon Zimmerman, President and CEO of Citizens Bancorp and Citizens Bank stated, “We are pleased to continue our tradition of paying an annual cash dividend, particularly during this period of suppressed economic growth. We believe that the declaration of a dividend for the past 58 consecutive years provides a degree of financial stability to our loyal and supportive shareholders. The Bank continues to be safe, sound and profitable.”
To purchase stock or receive additional dividend information, contact Katie Elliott, Stock Transfer Agent, Citizens Bancorp, 541-766-2261.
March 31, 2015 - New Citizens Bank President and CEO
Gordon Zimmerman has officically begun his career with Citizens Bank as President and CEO of Citizens Bank, replacing the retired Bill Humphreys Sr.
Humphreys, who has completed a 45 year career in banking, will stay as a member of 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.