Tag Archive | ICBA

Citizens National Bank Named an Industry Top Performer

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 ICBA 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 (CNB), Bluffton, OH as an ICBA industry top performer in its May issue. CNB’s recognition is based on the strength of its competitive banking services and operational efficiencies throughout 2015.

“Whether serving rural, suburban or large metropolitan areas, community banks operate with a focus on their customers and communities,” said Chris Lorence, ICBA’s executive vice president and chief marketing officer. “Citizens National Bank knows their local market and thrives because they stay true to the principles of community banking while showcasing drive, ingenuity and community commitment. CNB demonstrates integrity, enthusiasm and inventiveness in the financial industry, and for that reason ICBA is proud to recognize this community bank and its employees for their outstanding efforts.”

This year’s ICBA top-performers rankings underscore the importance of focusing on serving customers and communities, first and foremost. Delivering superior service, following disciplined pricing models, and supporting their local communities and neighborhoods are trends among those community banks recognized within the rankings. These community banks featured stick to well-known industry fundamentals, while embracing the changing industry landscape.

As part of its annual performance rankings of its member institutions, ICBA pulled year-end FDIC call report earnings data to identify the 25 community banks with the highest return on average assets (ROAA) and return on average equity (ROAE) ratios for all of 2015. Both Subchapter C corporation and Subchapter S corporation institutions in six asset-size categories were recognized.

“Citizens National Bank is delighted to be recognized as an ICBA top performer,” said President/CEO Mike Romey. “We credit our loyal, local customers and dedicated employees for our success and look forward to serving the unique needs of our community and helping it grow and prosper in the years to come.”

To see this year’s ICBA top-performers listings, read the article “The Best of the Best” on ICBA Independent Banker’s website at www.independentbanker.org.

 

About ICBA
The Independent Community Bankers of America®, the nation’s voice for more than 6,000 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.

Citizens National Bank Celebrating Community Banking Month & 95 Years of Service

April recognized as Community Banking Month by the Independent Community Bankers of Americago anywhere checking

In celebration of our anniversary and in honor of Community Banking Month, every Citizens National Bank office will be serving cake to its customers on Friday, April 24 during normal business hours.

April is Community Banking Month and Citizens National Bank would like to celebrate by focusing on its 95 years of serving local communities. The bank opened its first location in Bluffton, OH in 1920. Since then we’ve grown to 8 locations, serving more than 10 counties in Ohio. The bank’s original cashier and president, Elmer Romey, is the grandfather of current President/CEO Mike Romey. The legacy of hard work, community involvement and local lending has continued to allow CNB to flourish. “When my grandfather and the local businessmen of Bluffton started this bank in 1920, their goal was to provide a trustworthy financial institution that our customers would feel confident in placing their money in and borrowing from. I truly believe we’ve fulfilled that mission and I look forward to seeing us continue to grow and provide that for the next generation,” comments Romey.

ICBA commends community banks for their continued support and advocacy of consumers and Main Street America. Across the nation, community banks operate 52,000 locations, employ 700,000 Americans and hold $3.6 trillion in assets, $2.9 trillion in deposits and $2.4 trillion in loans to consumers, small businesses and the agricultural community. ICBA Chairman Jack Hartings, comments “Community banks are relationship lenders that flourish when their customers and communities do the same. Taking care of customers and looking out for the best interest of local communities is the community banking business model. ICBA Community Banking Month gives us an opportunity to celebrate the unique and critical role they play in our local hometowns.”

Throughout the month of April, CNB customers who come into the branch will have the opportunity to register to win one of 7 gift baskets including local items from each of our branch communities. The drawing will be held on Friday, April 24 during the cake celebrations. Be sure to also check out the bank’s Facebook page for postings throughout the month highlighting the history of the bank.

ICBA and CNB Encourage Americans to Save During America Saves Week

The Independent Community Bankers of America® (ICBA) and Citizens National Bank are proud to add the community banker voice to the list of organizations nationwide that are encouraging Americans to save as part of America Saves Week, Feb. 23-28. This nationwide campaign, which began in 2007, features a broad coalition of nonprofit, corporate and government organizations that are committed to raising awareness for the importance of creating savings funds, building emergency funds and assessing savings plans.

“It’s never too late to develop good saving habits to achieve financial stability,” ICBA Chairman John Buhrmaster, president and CEO of 1st National Bank of Scotia, N.Y., said. “By participating in America Saves Week, the nation’s more than 6,500 community banks continue to raise awareness of the importance of savings and offer consumers tips on how to reach savings goals. We encourage customers to speak with their community bank about how they can begin a savings strategy or build on what they are already doing to save for the future.”

America Saves Week is an annual opportunity to help promote positive savings behavior and for consumers to assemble their own savings plans. Learn more about why saving is so important and how to get started on building a nest egg at www.americasavesweek.org.

Community banks like CNB are available to help local residents plan their financial futures. Beginning to save can be intimidating, but with the help of your local community bank, creating and maintaining savings funds should be one less thing you need to worry about.

ICBA and CNB offer the following tips to help consumers get started on their personal savings:

  1. Set a goal: People are more successful when they have certain goals in mind, so create and share a savings goal with your family and friends. Start small—even saving your loose change can get you somewhere. Aim to start a path toward building an emergency fund of savings with six to nine months of living expenses.
  2. Make a plan: By creating a spending plan, list your expenses and compare them to your income. The plan will help prioritize what are necessities and wants for the month. Attempt to use your credit cards more efficiently, too. Doing that can help ensure that you will not take on too much debt and can minimize interest charges.
  3. Save automatically: Many employers offer regular payroll deduction, which is one of the best ways to start and keep saving money. Make it a routine to automatically put aside a certain amount of money each paycheck, or have CNB make an automatic transfer from your checking to savings account each month.

Whether you have a traditional savings account or long-term investments, Citizens National Bank offers options for meeting your savings goals. Learn more: http://ow.ly/Jx2PU

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 www.icba.org.

Message from the President

J. Michael Romey, President/CEO

ICBA Recognition of CNB for 30 Years of Membership

Recently I received a letter and plaque from the ICBA, our National Banking Association, for being a member for the past 30 years. It was a nice gesture of recognition since the association was established to serve the exclusive needs of community banks, but it also got me thinking about the banking industry over that same time period. Banks have survived two episodes of bank failures and a long-term process of consolidation in the last 30 years. This industry consolidation has had the biggest effect on the smallest and largest banks in our country. The very smallest banks have seen their numbers decline by almost 85% while the largest banks have almost tripled in number and their assets have increased 10 times. The trend has resulted in the average community bank size becoming larger, and in fact Citizens National Bank has grown from $100mm to $650mm in assets over the last 30 years. Consolidation has had a much lesser effect on larger community banks like Citizens because of our conservative underwriting and the economies of scale that do not appear to be working against us. When viewing our expense ratio in relation to peers we compare very favorably. We have been able to grow by branching out in other communities, offering personal banking services not offered by the larger banks. We still obtain most of our deposits locally and make most our loans to local businesses. No one can predict the future of our industry but banks our size with conservative practices have remained stable during this consolidation phase and have continued to serve the credit needs of small businesses and provide services to the local communities. Here’s to another 30 years!

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.

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.