Citizens Community Bank Opens Loan Center in Louisburg, North Carolina

Aug 10, 2015, 15:53 ET from Citizens Community Bank

SOUTH HILL, Va., Aug. 10, 2015 /PRNewswire/ -- Citizens Community Bank (OTCQB: CZYB) announced today the opening of a new loan center in Louisburg, North Carolina.  Conveniently located at 202 North Main Street, the office is led by Don Lancaster, a Senior Vice President and Market Executive. Joining Lancaster to complete the CCB team in Louisburg are Kathy Mullins, Universal Banker, and Mary Dickerson, Loan Officer Assistant.  The new office will provide commercial and mortgage lending services.

James R. Black, President and CEO, commented, "We are thrilled to open a new loan office in Louisburg, North Carolina. Don and the team bring nearly 100 years of combined community banking experience in the region.  This is a great opportunity for the businesses and residents of Franklin County, as well as the neighboring communities, to enjoy the benefits of true community banking.  Although the expansion may result in temporary earnings pressure, this expansion complements our strategic initiatives and should enhance future profitability."

A graduate of East Carolina University and the University of North Carolina's School of Banking, Lancaster is approaching thirty years of service to the banking industry in Franklin County, most recently serving as Executive Vice President and Chief Banking Officer of a locally-based, community bank.  He is currently serving a third term on the Franklin County Board of Commissioners, serves as Chairman of the Franklin County Committee of 100, and sits on the Executive Board of Research Triangle Regional Development.  Additionally, he is active in the Economic Development Commission, Franklin County Airport Board of Commissioners, Franklin County Chamber of Commerce, Miracle League Board of Directors, and the Parks and Recreation Commission. Don and his wife, Terry, reside in Youngsville. 

Dickerson is native to the Franklin County and Louisburg areas, and brings over forty years of banking experience to the new CCB team in Louisburg.  She has served in many capacities over the years, including bookkeeping and operations, customer service, and most recently served as a loan officer assistant and relationship banker for nine years.  Dickerson served as Treasurer of Ransdell Chapel Baptist Church for ten years and for the Youngsville Area Business Associates for three years.  She is also a passionate advocate of the Cystic Fibrosis Walk-a-Thon.  She and her husband, Russell, reside in Louisburg.

Mullins was born and raised in Bunn, North Carolina, and has resided in Louisburg with her husband, Willie, for twenty-five years.  She also touts a long-spanning career in banking, working in customer service positions for two financial institutions over the past twenty six years.  She speaks fondly of the Louisburg community and surrounding areas, noting her pride in the growth and development of the area in recent years.

Citizens Community Bank is a Virginia state chartered bank headquartered in South Hill, Virginia.  Opened in December 1999, it operates five branches, three in south central Virginia and two in northern North Carolina, as well as a loan center in Raleigh, North Carolina.  For more information and additional financial data, please visit www.ccbsite.com.

This press release contains "forward-looking statements" that concern future events which are subject to risks and uncertainties.  Any such statements are based on certain assumptions and analyses by the Bank and other factors it believes are appropriate in the circumstances and at the time at which such statements are made.  The Bank's actual results, events and developments may differ materially from those contemplated by any forward-looking statement.  The Bank has no responsibility to update such forward-looking statements.

SOURCE Citizens Community Bank



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