Citizens State Bank: A Cornerstone of Somerville's Financial Landscape

Introduction

Nestled in the heart of Somerville, Tennessee, Citizens State Bank stands as a pillar of the local financial community. With a rich history dating back to 1901, the bank has witnessed the growth and prosperity of the city, while consistently providing its customers with exceptional financial services. This comprehensive article aims to shed light on the various aspects of Citizens State Bank, exploring its history, services, and significance to the Somerville community.

A Legacy of Stability and Growth

Founded over a century ago, Citizens State Bank has weathered numerous economic storms, demonstrating its unwavering commitment to its customers. The bank's solid financials have consistently earned it a high rating from independent rating agencies, providing confidence to its depositors and borrowers alike. Throughout its history, Citizens State Bank has played a pivotal role in supporting local businesses, enabling them to thrive and contribute to the economic development of Somerville.

Historical Milestones

• 1901: The bank opened its doors as Somerville Savings Bank.
• 1949: The bank changed its name to Citizens State Bank.
• 1970: The bank expanded its operations with a new branch in nearby Whiteville, Tennessee.
• 2005: Citizens State Bank became part of Independent Bancshares Corporation, a publicly-traded financial holding company.
• 2010: The bank surpassed $200 million in assets.

Comprehensive Banking Services

Citizens State Bank offers a comprehensive suite of banking services tailored to meet the financial needs of individuals, families, and businesses in Somerville.

Personal Banking

• Checking and savings accounts
• Mortgages and home equity loans
• Auto loans
• Personal loans
• Investment and retirement planning

Business Banking

• Commercial loans and lines of credit
• Treasury management services
• Merchant card processing
• Employee benefits packages

Online and Mobile Banking

Citizens State Bank provides its customers with convenient and secure online and mobile banking platforms. These services allow customers to access their accounts, view transactions, pay bills, and transfer funds with ease, anytime, anywhere.

Community Involvement

Beyond its financial services, Citizens State Bank plays an active role in the Somerville community. The bank supports numerous local organizations, including schools, churches, and civic groups. Additionally, the bank hosts financial literacy programs and provides scholarships to deserving students. This unwavering commitment to community involvement solidifies Citizens State Bank's position as a valued partner in the fabric of Somerville.

Awards and Recognition

The excellence of Citizens State Bank's services has been recognized by numerous industry organizations. Some notable awards and accolades include:

• 5-Star Superior Rating from BauerFinancial (2022)
• Best of the Best Community Bank in Tennessee (Southern Business & Development Magazine)
• Best Customer Service (Somerville News)

Why Citizens State Bank Matters

Citizens State Bank's significance extends beyond its financial offerings. The bank serves as a cornerstone of the Somerville community, providing stability and growth to the local economy. By supporting local businesses and investing in the community, the bank helps create jobs and foster economic prosperity.

• Financial Stability: Citizens State Bank's strong financials provide confidence to businesses and consumers, contributing to the overall financial health of Somerville.
• Economic Development: The bank's lending programs and support for local businesses enable them to expand and create jobs, driving economic growth.
• Community Involvement: The bank's active involvement in community initiatives fosters a sense of civic pride and enhances the quality of life for Somerville residents.

Benefits of Banking with Citizens State Bank

Choosing Citizens State Bank as your financial partner offers numerous benefits:

• Local Decision-Making: The bank's local management team understands the needs of the Somerville community and can provide tailored solutions.
• Personalized Service: Customers enjoy personalized service from friendly and knowledgeable staff who are committed to meeting their financial goals.
• Convenience and Accessibility: With online and mobile banking, as well as a branch network, Citizens State Bank makes banking convenient and accessible.
• Financial Security: The bank's strong financial performance and independent ratings provide peace of mind to its customers.
• Community Support: By banking with Citizens State Bank, you support a local institution that is dedicated to the well-being of the Somerville community.

Tips and Tricks

Maximize your banking experience with Citizens State Bank by following these tips:

• Take advantage of the bank's financial planning services to achieve your financial goals.
• Use the mobile banking app to access your accounts and conduct transactions on the go.
• Sign up for paperless statements to reduce clutter and go green.
• Consider using the bank's automated savings tools to effortlessly grow your savings.
• Get involved in community events supported by Citizens State Bank to connect with the Somerville community.

Common Mistakes to Avoid

Avoid these common mistakes when banking with Citizens State Bank:

• Overdrafting your account, which can result in fees.
• Failing to monitor your account statements regularly.
• Sharing your account information with unauthorized individuals.
• Neglecting to take advantage of the bank's financial planning services.
• Not exploring the bank's various products and services to find the best fit for your needs.

Call to Action

For a secure, convenient, and community-oriented banking experience, choose Citizens State Bank as your financial partner. With its rich history, comprehensive services, and unwavering commitment to Somerville, the bank is well-positioned to help you achieve your financial goals and contribute to the prosperity of the community. Visit the Citizens State Bank website or contact a friendly staff member today to learn more.

Tables

Table 1: Citizens State Bank Financial Highlights

Table 2: Citizens State Bank Customer Deposits

Table 3: Citizens State Bank Loan Portfolio