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Last $8.70 USD
Change Today 0.00 / 0.00%
Volume 1.5K
CZBS On Other Exchanges
As of 5:20 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

75 Piedmont Avenue

Atlanta, GA 30303

United States

Phone: 404-575-8400

Fax: 404-575-8201

Citizens Bancshares Corporation operates as the bank holding company for Citizens Trust Bank that conducts a general commercial banking business in the Fulton, DeKalb and Muscogee counties, Georgia, as well as Jefferson and Greene counties, Alabama. The company's home office is located at N.E., Atlanta, Georgia. In addition to its home office, it operated 10 branch offices located in Atlanta, East Point, Lithonia, Decatur, Stone Mountain and Columbus, Georgia, and Birmingham and Eutaw, Alabama, as of December 31, 2013. The company acts as an issuing agent for U.S. savings bonds, travelers checks and cashiers checks, and offers collection teller services. Lending Activities The company engages in a full complement of lending activities, including consumer/installment loans, mortgage loans, home equity lines of credit, construction loans, and commercial loans, with particular emphasis on small business loans. Consumer Loans: The company’s consumer loans consist primarily of installment loans to individuals for personal, family, and household purposes, including loans for automobiles, home improvements, and investments. This category of loans also includes loans secured by second mortgages on the residences of borrowers. Commercial Lending: Commercial lending is directed principally toward businesses whose demands for funds fall within the bank’s legal lending limits and which are existing deposit customers of the bank. This category of loans includes loans made to individual, partnership, or corporate borrowers and obtained for various business purposes. Investments The company invests primarily in obligations of the United States, obligations guaranteed as to principal and interest by the United States, government-sponsored enterprises securities, general obligation municipals and other taxable securities. Deposits The company offers a range of commercial and consumer deposit accounts, including non-interest bearing checking accounts, money market checking accounts (consumer and commercial), negotiable order of withdrawal (NOW) accounts, individual retirement accounts, time certificates of deposit, sweep accounts, and regular savings accounts. Correspondent Banking The company purchases correspondent services offered by larger banks, including check collections, security safekeeping, investment services, wire transfer services, coin and currency supplies, overline and liquidity loan participation, and sales of loans to or participation with correspondent banks. Regulations The company is primarily subject to the supervision, examination, and reporting requirements of the Bank Holding Company Act and the regulations of the Board of Governors of the Federal Reserve System (the Federal Reserve). As a bank holding company located in Georgia, the Georgia Department of Banking and Finance (the DBF) also regulates and monitors all significant aspects of the company’s operations. The bank is a commercial bank chartered under the laws of the state of Georgia and is a Federal Reserve member bank, it is primarily subject to the supervision, examination and reporting requirements of the DBF and the Federal Reserve Bank of Atlanta. The bank is also subject to consumer laws and regulations intended to protect consumers in transactions with depository institutions, as well as other laws or regulations affecting customers of financial institutions generally. These laws and regulations include but are not limited to: the federal Truth-In-Lending Act, governing disclosures of credit terms to consumer borrowers; the Home Mortgage Disclosure Act of 1975; the Equal Credit Opportunity Act; the Fair Credit Reporting Act of 1978; the Fair Debt Collection Act; National Flood Insurance Act and Flood Disaster Protection Act; Real Estate Settlement Procedures Act; Bank Secrecy Act, as amended by the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001; Sections 22(g) and 22(h) of the Federal Reserve Act; Soldiers’ and Sailors’ Civil Relief Act of 1940, as amended; Talent Amendment in the 2007 Defense Authorization Act; and the Right to Financial Privacy Act. History Citizens Bancshares Corporation was founded in 1921.


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Valuation CZBS Industry Range
Price/Earnings 13.1x
Price/Sales 1.2x
Price/Book 0.5x
Price/Cash Flow 10.6x
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