Citizens National Bank to Host Customer Appreciation Day in Lima

Lima Office at 201 N. Main Street, Lima.

Lima Office at 201 N. Main Street, Lima.

Area residents and businesses are invited to the Customer Appreciation Day celebration on Friday, July 24, from 11:00 am to 1:00 pm, at the Lima office located at 201 N. Main Street, Lima.  Free pulled pork or chicken sandwiches, chips and cookies will be served. Attendees may enter to win a grand prize tailgate package, including a charcoal grill and deluxe grill set.

The annual event is a way to show appreciation for the Lima customers. “Many customers have banked with us for a long time and we host this event as a way to say thanks for them putting their trust in us,” says Ken Dysert, SVP/Lima City President. In addition to the lunch, special rates will be offered on all new CDs opened in the Lima office from July 27 – 31. Call the office for details at 419-224-0400.

With offices in Bluffton, Celina, Elida, Findlay, Lima, Springfield, Van Wert and Defiance, Citizens National Bank has assets totaling more than $650 million and has been serving the communities of West Central Ohio since 1920.

Lending Solutions for Farming Success

Featuring Tony Gill, Owner- Gill Dairy

A native of India, Tony Gill came to America to fulfill his dream of becoming a large dairy farmer. Tony has found great success in the agricultural area, owning several types of farms and market animals in various states. Citizens National Bank has been able to help Tony fulfill his dreams with its unique expertise and history in working with agricultural customers. Besides helping with acquisitions and expansion projects, Tony looks for financial planning advice from his banking experts Brock Burcham, SVP/Springfield City President, and Eric Faulkner, VP, Business Development, Loan Participation Specialist.

Defiance Citizens National Bank Celebrates One-Year Anniversary

Defiance Office

Defiance Office- 601 East Second Street

The Defiance office of Citizens National Bank held it’s first Customer Appreciation Day, on July 2, 2015. From 11 am – 1 pm customers were served free Arby’s roast beef sandwiches, macaroni salad, chips, and cookies, as a thank you for the bank’s successful year at their new location at 601 E Second Street.

“We’re excited to take this one day to celebrate with our customers the success we’ve had in Defiance and look forward to continuing those relationships throughout the year,” states Defiance City President, Brad Spitnale. Beginning Monday, July 6 and running through July 10, the office will also be offering special rates on CDs for existing and new customers. See a customer service representative for details.

The Defiance office is a full service financial center offering deposit accounts, mortgage and commercial lending as well as investments through Citizens Wealth Management Group. Visit us on the web at to learn more.

Ask the Lender? “Should I switch my credit card machine to accept chip enabled cards?”

Jason LaBounty VP Business Banking Officer

Jason LaBounty
VP Business Banking Officer

EMV (Europay, Mastercard and Visa), or chip enabled cards, are common place in most foreign countries and provide a higher level of security against fraud than the magnetic stripe cards seen most frequently in the US. On traditional credit cards, the magnetic stripe holds the information necessary to make a transaction and that information never changes, so if stolen it can be used to make new cards or online purchases. With the EMV card, the computer chip in the card creates a unique transaction code that cannot be used again. According to, “If a hacker stole the chip information from one specific point of sale, typical card duplication would never work because the stolen transaction number created in that instance wouldn’t be usable again and the card would just get denied.”

Until last year, most companies had not felt an urgency to switch to the chip enabled cards simply due to the expense of reissuing cards and trading out credit card machines for upgraded models. Unfortunately, the large breaches we have seen with Target, and then Home Depot, have brought the need for more heightened security for credit cards to the forefront. As of October 15, 2015 if a company that accepts credit card for payment does not accept EMV cards, the liability for any loss will shift to that company rather than the credit card issuer.

For this reason, it is in your best interest to upgrade your merchant credit card machines to accept the newer cards. You will have some initial cost in replacing your machine. Locally the cost to purchase the new machines range between $300 and $500. While not cheap, this investment will insure you do not take the hit for a fraudulent transaction, which could easily exceed the cost of upgrading with just one incident.

If you are interested in learning more about accepting credit card payments at your place of business, contact a business banking officer to discuss our Merchant Services Program.

Message from the President

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

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

Celebrating 95 Years of Community Banking

Citizens National Bank was organized in 1920 and this year we will have been in business for 95 years. The bank was organized by a group of businessmen from Bluffton that wanted to provide deposit and lending services to local business owners. We were a family-run bank for many years and I have had the great honor to follow my grandfather as only the 4th president in the bank’s history. In 1991 we became an employee owned company and today the efforts of all 160 employees are aligned with those of our shareholders and customers.

Citizens is a combination of a business bank serving the needs of small and medium sized businesses and a retail bank providing mortgage lending and deposit accounts to individuals. We operate a well-established investment service providing advice to both businesses and retail customers. Our goal is to blend the technology of a large bank with the personal service of a community bank.

We believe that we can also serve our communities by volunteering and sponsoring events and to that end last year we contributed $160,000 benefiting 325 organizations. We donated over 320 hours helping non-profit organizations with their efforts. I am proud to work for an organization that is community-oriented and community supported and that again was rated a high performance bank by our peers. CNB was rated one of the Best of the Best community banks in the country by the Independent Community Bankers of America. Read about it at Click on the May issue.

– See more at:

Elite Checking- A Personal Account for Business Owners

Special 6 Month Intro Rate – 0.35% APY!**elite checking account business owners

Having your personal accounts at the same bank as your business accounts just makes sense. By opening an Elite Checking Account, you will have the option of seeing all your accounts in one place through Online for Business. With unlimited free ATM withdrawals you can travel anywhere and access cash without a fee, and you will be eligible for our Platinum Visa® Credit Card*. This credit card offers a low interest rate and you will automatically be enrolled in our rewards program, ScoreCard Rewards, which earns points that can be redeemed for merchandise or travel.

We are currently offering a 6 month introductory rate of 0.35% APY on all balances for the Elite Checking account!** For more information, or to open an account, contact your local CNB office.

*Subject to credit approval.
**Annual percentage yield (APY) accurate as of 4/23/15. The above stated APY is guaranteed on all balances for the first 6 months after the account is opened. Minimum opening balance is $50. After 6 months the applicable standard tiered variable rates for the Elite Checking Account will apply. Balances of $100,000 and above currently earn 0.07% APY; balances ranging between $25,000-$99,999.99 currently earn 0.05% APY; balances ranging between $7,500-$24,999.99 currently earn 0.03% APY; balances ranging between $2,500-$7,499.99 currently earn 0.01% APY; balances below $2,500 do not earn interest. Fees could reduce earnings.

Land As Your Legacy

Keeping the Farm in the Familyfarm-family

There are currently 2.1 million farms in the US and 97% of those are family-run. Collectively farmers are growing older with a median age of 57 and according to the USDA, 70% of the entire farmland in the US will transition ownership over the next 20 years. The bad news is statistically only 30% of those transitions will be successful.

Donald Schreiber is an agent with Nationwide Insurance and they have established a program specifically geared towards educating farmers in regards to succession planning and helping them create a transition that makes sense for the family farm. The program, titled “Land as Your Legacy”, provides information on developing a transition plan that protects the farm.

According to Schreiber there are five elements to making a successful transition.

  1. Succession Planning – “Really think about what’s best for the farm”, states Schreiber. That might mean considering your heirs’ personalities and determining what roles they will take in the farm accordingly. “If one child is bad at handling financial affairs, don’t put him in charge of the farm’s accounting. Just because he is your oldest child, does not mean he has the best skill set to run your business. On the other side of that, be sure you’re having family meetings to discuss your plan so there are no surprises and ill feelings after you’ve passed.” If you do not want the farm to be split up, make sure you are structuring it correctly and working with a lawyer to make that happen.
  2. Business Planning – Take steps to ensure the farm remains profitable through the transition. Schreiber recommends setting up the farm as an LLC to ensure an easy legal transition and that bills can continue to be paid without interruption. He cautions that personal ownership of the farm is not a good idea and that operating agreements should be established to identify the roles of each participant.
  3. Risk Management – Be conscious of structuring the farm responsibly without one person having too much power. Have adequate insurance coverage and mitigate risk by keeping all machinery in good working order.
  4. Financial Independence Planning – Consider how you will maintain adequate income after you have transitioned the farm operation to another owner. Educate yourself regarding retirement planning and diversification of your investments.
  5. Estate Planning – Determine the distribution of all your assets after you have passed and the tax implications for that plan.

Schreiber notes “It’s important to go through this process in writing.” Determine your priorities, your goals and the objectives of your plan in order to make the decisions that are best for you. Rely on a team of advisors, such as lawyers, accountants and financial planners, to keep you on track and then periodically review and modify your plan if necessary. The goal, according to Schreiber, is to “strive for harmony within your family after your death.”

For more information about the Land as Your Legacy program, visit


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