CITIZENS NATIONAL BANK NAMED A TOP PERFORMING COMMUNITY BANK

Ops Center SignICBA Independent Banker®, the award-winning magazine of the Independent Community Bankers of America (ICBA) and the nation’s number-one source for community banking news, recognized Citizens National Bank,
Bluffton, OH, as an ICBA Top Performer in its June issue. This recognition is based on Citizens National Bank’s 2013 year-end earnings and operational efficiencies.

“Whether it’s a small community bank serving a rural area or a large community bank serving a metro and suburban area, you’ll find they operate with the same focus by always putting their customers and communities first,” said Chris Lorence, ICBA executive vice president and chief marketing officer. “Citizens National Bank knows their local market and they thrive because of that expertise. We commend Citizens National Bank for its ongoing dedication, enthusiasm and devotion to the banking industry.”

As part of its annual recognition of high-performing ICBA member institutions, ICBA Independent Banker pulled year-end FDIC data to identify the community banks with the highest performance metrics — those with best return on average asset ratios and the best return on average equity ratios — in six asset-size categories. The rankings separately recognize top-performing Subchapter C corporation banks and Subchapter S corporation banks.
“We are pleased to be recognized as an ICBA Top Performer,” said Mike Romey, President/CEO of Citizens National Bank. “As active members of our communities, we credit our loyal  local customers and dedicated employees for our success. We look forward to serving the unique needs of our markets and helping them grow and prosper in the years to come.
To see the ICBA Top Performers listings, read the article “The Best of the Best” on ICBA Independent Banker’s website at http://www.independentbanker.org.

About ICBA
The Independent Community Bankers of America®, the nation’s voice for more than 6,500 community banks of all sizes and charter types, is dedicated exclusively to representing the interests of the community banking industry and its
membership through effective advocacy, best-in-class education and high-quality products and services. For more information, visit http://www.icba.org.

Advancing Agriculture Around the World – CNB and Advanced Biological Marketing (ABM)

Dan Custis, CEO of Advanced Biological Marketing (ABM); Jordan Miller, Commercial Lender

Dan Custis, CEO of Advanced Biological Marketing (ABM); Jordan Miller, Commercial Lender

As a community bank, Citizens National Bank focuses on local businesses. What may be surprising is just how far those local businesses reach. Advanced Biological Marketing (ABM), a nationally recognized leader in agricultural research and seed treatment development, is located in Van Wert, Ohio. CEO, Dan Custis and partner Leon Bird, created the company in July 2000 after having worked previously at ag chemical companies and deciding they could do things differently. Their proprietary and patented processes led to notable increases in yields of such crops as soybeans and corn and sales to seed companies and co-ops began to take off. Six years ago one of their salespeople took a trip to Thailand and introduced their product to rice growers there. It resulted in a 5x increase in yield and cemented their commitment to international agriculture.

According to Custis “We were outgrowing our bank but wanted to still work with someone local. Citizens National Bank’s capabilities and international options were a good fit for us.” Their banker, Jordan Miller, introduced them to Online for Business which allows them to manage their multiple companies’ finances all in one place and also gives them the capability of sending and receiving foreign wire transfers right from their office. According to Custis, their business used to be fairly seasonal, but as they’ve gone international, growing seasons in other countries are year-round, increasing their cash flow. “We’ve now expanded into many new areas of the US, as well as 15 foreign countries. We’re expecting 30% growth in our company this year, but we’re confident CNB can handle what we need,” states Custis.

As part of that growth, CNB not only provides online banking, but also financed a new production facility for ABM and provides a line of credit should they need to move swiftly on a purchase. “We focus on unique innovation and we’re technology driven,” explains Custis. “We have the right banking relationship going as we plan for more growth.”

To learn more about ABM and their impact on the world’s agricultural production, visit http://www.abm1st.com.

CITIZENS NATIONAL BANK IN DEFIANCE NOW OPEN!

Public Open House Set for Sunday, July 20!

CNB's New Defiance Location is OPEN!

CNB’s New Defiance Location is OPEN!

Citizens National Bank opened the doors to its newest full-service branch on July 7. The new office, located at 601 E. Second Street, Defiance, offers commercial lending, agricultural lending, mortgage lending, and a full spectrum of deposit products and cash management options for business and personal use. The state of the art facility also offers drive-thru services, an ATM, and a night deposit drop. According to SVP/City President Brad Spitnale, “We’ve established a presence over the past 4 years in this market out of our current location (607 W. Third Street). This new facility expresses our commitment to being a permanent part of Defiance and offering the area a quality community bank that is known for its fiscal strength and community involvement.”

A public open house will be held Sunday, July 20 from 1-4 pm. This is an opportunity for the Defiance community to tour the new office and meet the staff. Refreshments will be provided and door prizes will be awarded.

Defiance Staff

Meet Our Defiance Staff

Ask the Lender – “What are my financing options for purchasing equipment?”

Chad King, VP/Business  Banking Officer

Chad King, VP/Business
Banking Officer

There are several options to consider when financing equipment. Most often equipment is purchased with conventional bank financing. Under conventional financing you can expect the bank to finance up to 80% of the cost of new equipment or less depending on the age and use of the equipment. Repayment terms are typically set for 7 years or less and rates can be fixed or variable during that time.

For larger equipment purchases or in instances when there isn’t enough cash, or equity for a down payment, other financing programs can be utilized. The State of Ohio 166 program allows a business owner to purchase equipment with as little as 10% down. Forty percent of the funds for the rest of the purchase would come from the program and the remaining 50% would be financed by the bank. While there are additional upfront costs involved, the program provides a fixed rate on the 40% it provides as well as a term of up to 10 years.

Leasing may also be an option a business would want to consider. Leasing offers many potential benefits over purchasing but has its drawbacks as well. Leasing generally requires a smaller upfront investment and results in lower monthly payments. Also, leases are accounted for differently than loans which could result in some tax benefits for the business*.

Additionally, some leases include maintenance agreements which could lessen or eliminate those costs over the term of the lease. As a result of these benefits leases are generally more expensive over the entirety of the agreement. Owners must also plan for the end of the lease which will either have a buyout option that would need funded or the equipment is returned which creates a need to replace the equipment if it is still needed.

It is not always possible but it is best to plan your equipment purchase well before you actually need it. Your lender will help you weigh your options and choose the best course of action for your particular circumstances. If you are thinking about purchasing equipment now or think that you will need to make a purchase in the upcoming year please call your lender today to get your plan in place.

Providing the Means to Aid Missionaries – CNB and Believers Christian Fellowship

Steve Hullinger, CFO of Believers Christian Fellowship Cheryl Verhoff, VP, Business Banking Michael Dulle, Elida Branch Manager

Steve Hullinger, CFO of Believers Christian Fellowship, Cheryl Verhoff, VP, Business Banking; Michael Dulle, Elida Branch Manager

As a community bank, Citizens National Bank focuses on local businesses. What may be surprising is just how far those local businesses reach. Believers Christian Fellowship (BCF) began a relationship with CNB in 1991. At that time they had purchased some property for a new campus off Stewart Road in Lima, Ohio. As part of that expansion, they also increased their focus on the importance of world-wide missions through the support of missionaries in countries including Australia, New Zealand, Southeast Asia, Russia, Malawi and several European countries. According to the church’s CFO Steve Hullinger the church supports between 40-50 missionaries quarterly and that financial support has established hundreds of churches. “It’s vital that these missionaries receive the funds we send in a timely manner and Cheryl Verhoff, our banker, was able to help us get Online for Business set up so we could easily send wire transfers to them.” Suzanne Brooks of BCF explains, “We used to use Western Union to send money overseas. I would take cash to their office. It would take half a day to complete all the transactions. Now with Online for Business, I can send all the wire transfers within 15 minutes and never have to leave my desk.”

The church’s impressive technology and talented staff has allowed them to stream their services over the internet touching thousands in multiple countries. Their independently produced TV show, “Global Answers”, has been picked up by stations in New Zealand, Iceland, Russia and the Middle East. The church’s mission fund was up 26% last year from the year before. “We see tithes and offerings come in from all over the US, Canada, Europe, Australia, etc… and we’re able to accept that generosity, deposit it into our local accounts and send it back out again to aid those in the missions field,” explains Hullinger. In addition to Cheryl, Hullinger has established a great relationship with CNB’s Elida Branch Manager Michael Dulle and his branch staff, even holding his personal accounts there. “I recommend every person work with Citizens National Bank,” states Hullinger, “they’re always so friendly when you go in and the service they’ve provided my church and my family is exceptional.”

To learn more about Believers Christian Fellowship and their commitment to world missions, visit http://www.bcfellowship.org.

Putting the “Community” in Community Banking – J. Michael Romey, CNB President/CEO

J. Michael Romey, President/CEO of Citizens National Bank

J. Michael Romey, President/CEO of Citizens National Bank

Each year the month of April is designated as National Community Banking month, recognizing the unique spirit that makes community banks the foundation of their communities. This spirit can be identified by not only the important economic contributions that we make, but also through social contributions including countless volunteer hours and valuable resources that we provide our communities throughout the year. Citizens National Bank and our employees have made a concerted effort this year to be more visible in our communities through service projects. We’re also helping to improve community resources through our support of capital campaigns and the information we provide through online channels.

A service club for CNB employees was created and launched in 2014, titled CNBe Service Club. This initiative allows our employees the opportunity to work together on various projects throughout the year to promote the importance of volunteerism and how individuals can make a difference. A few of the projects already completed include: Assisting the Bluffton Senior Citizens Center with spring cleaning, collecting items to be donated to Honor Flight which allows veterans to fly to Washington DC to view war memorials and hosting a bake sale and assisting with the related fundraiser to aid a local girl in Van Wert with cancer. Many more activities are planned this year as our employees reach out to serve.

In support of advancing healthcare and civic growth, we contributed to the Blanchard Valley Health Foundation for improvements to the Bluffton Hospital, the Van Wert County Hospital capital campaign, the Mennonite Home Communities Greenhouse Project, the Springfield Regional Medical Center capital campaign, the Lima Area Chamber Foundation, Lima Family YMCA capital campaign and the Veterans Memorial Civic and Convention Center. We realize the importance these initiatives hold for the better health and continued wellbeing of the citizens that live in these areas.

We also use social media and our website to provide sound financial information and aid our customers in keeping up to date with our latest products and services in our online communities. Check out our Facebook page to view progress on our latest branch office in Defiance; View our latest testimonial on our YouTube channel; Or use our library of Financial Calculators on http://www.cnbohio.com to determine a loan payment amount or help save for retirement.

We’re proud to represent the true spirit of community banking. Thanks for letting us be part of your community!

CNB Named an ICBA “Top Performer”

CNB is an ICBA Top Performer

CNB is an ICBA Top Performer

Once again, Citizens National Bank has been named a Top Performer by ICBA Independent Banker®, the award-winning magazine of the Independent Community Bankers of America. Each year, the magazine reviews all the community banks in the nation by asset size for earnings and operational efficiencies. As part of its annual recognition, the magazine pulled year-end FDIC data to identify the community banks withthe highest performance metrics – those with the best return on average asset ratios and the best return on average equity ratios. The rankings separately recognize top-performing Subchapter C corporation banks and Subchapter S corporation banks.

 This just goes to prove that when it comes to community banks,

CNB truly is among the Best of the Best.

 

To see the full ICBA Top Performers listings, read the article “The Best of the Best” on their website, www.independentbanker.org.

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