Citizens Bancshares Corp. (CZBS)

Overview

Citizens Bancshares Corporation stands as the parent company of Citizens Trust Bank, engaging in the provision of various commercial banking services catered to both individuals and corporate clients. Having been established in 1921 and headquartered in Atlanta, Georgia, this institution has built a longstanding history of financial service and community involvement. Its operations span a range of banking and financial services, tailored to meet the nuanced needs of its diverse clientele.

Products and Services

The expansive suite of products and services offered by Citizens Bancshares Corporation includes:

• Banking Accounts: This encompasses checking and savings accounts along with demand and money market deposits, designed to address the varying liquidity requirements and savings goals of customers.
• Loan Products: The bank provides a comprehensive portfolio of loans which include:
  • Commercial, financial, and agricultural loans tailored for businesses of all sizes.
  • Loans secured by personal property, which cover automobiles, marketable securities, and other assets like recreational vehicles and motorcycles, alongside unsecured consumer debt options.
  • Commercial real estate loans, single-family residential loans, and construction and development loans, catering to both commercial clients and individual homeowners.
• Investment Accounts and Certificate of Deposit Account Registry Services (CDARS): These services are aimed at individuals and businesses looking for higher yield investment options or needing comprehensive certificate of deposit services.
• Merchant Services: Included within this category are modern business solutions such as point of sale terminal services, credit and debit card processing, electronic benefits transfer, gift card, and Internet shopping cart services, which facilitate a wide range of transactional operations for businesses.
• Cash Management Services: Tailored to enhance the operational efficiency through effective management of cash flows, this service aids businesses in optimizing their liquidity positions.
• Credit Cards: Citizens Bancshares offers credit card services to its customers, providing them with an alternative payment method and credit facility.
• Online and Mobile Banking: Emphasizing accessibility and convenience, the bank provides comprehensive digital banking solutions that enable customers to manage their finances on-the-go, from checking balances to transferring funds.
• Check Reorder Services: Facilitating ease in the continuity of check usage, this service ensures customers can easily reorder checks as and when required.