citizens bancshares corp (CZBS) Key Developments
Citizens Bancshares Corporation Announces Earnings Results for the Second Quarter Ended June 30, 2015
Aug 14 15
Citizens Bancshares Corporation announced earnings results for the second quarter ended June 30, 2015. For the quarter, total revenues were $4.223 million against $4.404 million a year ago. Net income available to common shareholders was $0.289 million or $0.13 per diluted share against $0.414 million or $0.19 per diluted share a year ago. The decrease is primarily attributed to a decline in interest income due to lower yields on earning assets. Net income before preferred dividends of $348,000, compared to a net income before preferred dividends of $473,000 for the same period last year.
Citizens Bancshares Corporation Announces Director Changes
May 22 15
Effective May 18, 2015, Dr. Donald Ratajczak, PhD., 72, retired as a member of Citizens Bancshares Corporation's Board of Directors. The company elected H. Jerome Russell as Class I director to serve a three-year term expiring in 2018 at the annual meeting of shareholders held on May 18, 2015.
Citizens Bancshares Corporation Reports Earnings Results for the First Quarter Ended March 31, 2015
May 15 15
Citizens Bancshares Corporation reported earnings results for the first quarter ended March 31, 2015. Net income before preferred dividends was $428,000 compared to net income before preferred dividends of $416,000 for the same period last year. Net income available to common shareholders for the first quarter of 2015 was $369,000, or $0.17 per diluted common share, representing a 6% increase compared to $357,000 or $0.16 per diluted share for the first quarter of 2014. Total revenues were $4,338,000 against $4,355,000 last year.
Citizens Bancshares Corporation, Annual General Meeting, May 18, 2015
Apr 17 15
Citizens Bancshares Corporation, Annual General Meeting, May 18, 2015., at 11:00 US Eastern Standard Time. Location: Loudermilk Conference Center, 40 Courtland Street. Agenda: To elect three class I directors to serve a three-year term expiring at the 2018 annual meeting; to ratify the appointment of Elliott Davis Decosimo, LLC, as the independent registered public accounting firm for the company for the fiscal year ending December 31, 2015; to adopt an advisory resolution approving executive compensation; and to transact such other business as may properly come before the meeting or any adjournments thereof.
Citizens Bancshares Corporation Announces Annual Dividend, Payable on April 30, 2015
Apr 14 15
Citizens Bancshares Corporation announced its annual dividend on common stock of $0.08 per share, payable on April 30, 2015 to shareholders of record as of the close of business on April 15, 2015.