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October 27, 2010
Citizens Bancorp announced operating results for the third quarter of 2010. ... read more

August 5, 2010
Citizens Bancorp announced operating results for the second quarter of 2010. ... read more

June 7, 2010
Citizens Bancorp announced today that Reynold “Rey” C. Johnson, III, of Pacific Land Enterprises, and Kenneth “Ken” J. Meyers, of R.W. Baird & Co. were appointed directors. ... read more

April 22, 2010
Citizens Bancorp announced operating results before provision for loss, real estate owned expenses, and taxes for the three month period ended March 31, 2010 of $1.0 million. ... read more

February 18, 2010
Citizens Bank has expanded its Central Operations Center, making room for it to lay the early groundwork for establishing a SBA Lending Division ... read more

February 17, 2010
24-year banking veteran Kevin Rappleye has joined the Bank as Senior Vice President and SBA Government Guaranteed Business Development Officer. ... read more

February 16, 2010
Citizens Bancorp, the holding company of Citizens Bank of Northern California, announced operating results for the three month period ended December 31, 2009, and for the twelve month period ended December 31, 2009. ... read more

October 21, 2009
Citizens Bancorp, the holding company of Citizens Bank of Northern California, announced net income for the quarter ended September 30, 2009 of $363 thousand, compared to net income of $176 thousand for the same period in 2008, an increase of $187 thousand, or 106%. ... read more

October 20, 2009
Michael Behn and Phillip Campbell have been promoted to Executive Vice Presidents. ... read more

September 10, 2009
Citizens Bank of Northern California announced financial results for the second quarter 2009, and restated financial results for the three months ended March 31, 2009 and twelve months ended December 31, 2008. ... read more

July 31, 2009
36-year banking veteran Gary Gall has been named President / Chief Executive Officer of Citizens Bancorp and subsidiary, Citizens Bank of Northern California. ... read more

July 14, 2009
Citizens Bank of Northern California announced today that the Bank will honor State of California Registered Warrants, or “IOU’s” for its customers. ... read more

June 17, 2009
Citizens Bancorp, the holding company of Citizens Bank of Northern California, announced it will restate its December 31, 2008 audited consolidated financial statements ... read more

May 18, 2009
Citizens Bancorp, the holding company of Citizens Bank of Northern California, announced financial results for the three month period ended March 31, 2009. read more

March 6, 2009
Citizens Bancorp Reports Solid Loan and Deposit Growth with 4th Quarter and Year End Financial Results. read more

December 23, 2008
Citizens Bancorp Receives $10.4 Million Investment from the U.S. Treasury’s Capital Purchase Program. read more

December 12, 2008
Citizens Bank provides peace of mind to its customers by committing to the FDIC’s Transaction Account Guarantee Program. read more

November 19, 2008
Citizens Bancorp, the holding company of Citizens Bank of Northern California, announced financial results for the three and nine months ended September 30, 2008. read more

October 6, 2008
Citizens Bank announced today that Josh McGovern has been promoted to Vice President and Branch Manager of the Olympia Park branch. read more

August 12, 2008
Citizens Bancorp, the holding company of Citizens Bank of Northern California, announced financial results for the three and six months ended June 30, 2008. read more

May 19, 2008
Citizens Bancorp, the holding company of Citizens Bank of Northern California, announced that its Board of Directors approved the declaration of a 5% stock dividend. read more

April 30, 2008
Citizens Bancorp, the holding company of Citizens Bank of Northern California, announced financial results for the quarter ended March 31, 2008. read more

March 6, 2008
Citizens Bancorp, the holding company of Citizens Bank of Northern California, announced financial results for the twelve month period ended December 31, 2007. read more

November 1, 2007
Citizens Bancorp, the holding company of Citizens Bank of Northern California, announced financial results for the quarter ended September 30, 2007. read more

August 1, 2007
Citizens Bancorp, the holding company of Citizens Bank of Northern California, announced financial results for the quarter ended June 30, 2007. read more

May 8, 2007
Citizens Bancorp, the holding company of Citizens Bank of Northern California, today announced that its Board of Directors approved the declaration of a 5% stock dividend. read more

April 26, 2007
Citizens Bancorp, the holding company of Citizens Bank of Northern California, announced financial results for the three month period ended March 31, 2007. read more

March 12, 2007
Citizens Bancorp, the holding company of Citizens Bank of Northern California, announced record earnings for the twelve month period ended December 31, 2006. read more

March 8, 2007
Citizens Bank of Northern California announced the hiring of Julie Frenzel as Vice President, Relationship Officer for its Penn Valley Branch. read more

January 10, 2007
Citizens Bank Enhances Its Online Banking Service With a Multi-Factor Authentication Security System. read more

January 2, 2007
Citizens Bank to Open Downtown Auburn Branch on January 9, 2007. read more

October 31, 2006
Citizens Bancorp Announces 3rd Quarter and YTD Earnings. read more

August 24, 2006
Citizens Bank to Open Truckee Branch Soon. read more

July 28, 2006
Citizens Bancorp Announces 2nd Quarter Earnings. read more

July 7, 2006
Citizens Bancorp Announces New Capital for Citizens Bank. read more

May 15, 2006
Citizens Bancorp Announces Stock Dividend . read more

May 9, 2006
Citizens Bancorp Stock Now Listed on the OTCBB . read more

April 21, 2006
Citizens Bancorp Announces Record 1st Quarter Earnings . read more

April 20, 2006
Citizens Bank of Nevada County Announces Name Change . read more

February 9, 2006
Citizens Bancorp Announces Record 4th Quarter Earnings . read more

January 27, 2006
Citizens Bank Announces Plan for New Truckee Branch . read more

December 2, 2005
Citizens Bank Announces Plan for New Downtown Auburn Branch . read more

November 8, 2005
Citizens Bank Names New Directors . read more

October 20, 2005
Citizens Bancorp Announces Record 3rd Quarter Earnings . read more

August 31, 2005
Citizens Bancorp Announces Capital Plans . read more

May 16, 2005
Citizens Bancorp Announces Stock Dividend . read more

  November 1, 2007
Citizens Bancorp Announces Third Quarter 2007 Earnings

Nevada City, California, November 1, 2007. Citizens Bancorp (the "Company") (OTCBB: CZNB), the holding company of Citizens Bank of Northern California (the "Bank"), announced financial results for the quarter ended September 30, 2007. Net income totaled $827,000, or $0.44 per diluted share for the quarter ended September 30, 2007, an increase of 23% compared to $674,000, or $0.36 per diluted share for the same period in 2006. For the nine month period ended September 30, 2007, net income was $2,076,000, or $1.11 per diluted share. This represents a 5% decrease over the same period in 2006 when net income was $2,176,000, or $1.17 per diluted share. Earnings per share for 2006 have been adjusted to reflect the 5% stock dividend declared in May 2007.

Total assets for the Company as of September 30, 2007 were $314 million, an increase of $40 million, or 15% from $274 million as of September 30, 2006. Total loans for the Company as of September 30, 2007 were $294 million, an increase of $43 million, or 17% compared to $251 million as of September 30, 2006. Bank-wide growth initiatives have resulted in earning asset growth of $35 million dollars, or 13% for the nine months ended September 30, 2007, and $39 million dollars, or 15% year-over-year. Total deposits grew $25 million, or 11% to $260 million at September 30, 2007 compared to $235 million at September 30, 2006.

In commenting about the quarter's earnings, President/Chief Executive Officer, Judy Hess said, "Earnings this quarter were ahead of plan largely because the Bank did not need to set aside additional funds in the loan loss reserve this quarter." She added, "The Bank's credit quality has historically reflected strong credit discipline and as a result the Bank's loan losses to date have been low. The Bank does not have any loans that would be considered sub-prime lending in its portfolio."
Hess continued, "In addition, narrowing interest margins and the full load of expenses related to our two newest branches in Truckee and Auburn are somewhat mitigated by the ongoing business development efforts. The Bank will continue on its long-term objective of monitoring the financial needs of its customers and researching products and services beneficial to making their banking experience easy and convenient."

Net interest income for the nine months ended September 30, 2007, was $10,651,000, an increase of $651,000, or 7% as compared to $10,000,000 for the same period in 2006. The Company's net interest margin dropped from 5.67% in the nine month period ended September 30, 2006 to 5.15% for the nine month period ended September 30, 2007. The Company's net interest income and net interest margin were impacted by higher costs of funds in the deposit base both from the Bank's core interest-bearing deposits and from wholesale funding sources. The Company had brokered deposits totaling $18 million as of September 30, 2007 which were utilized to fund loan growth. Also affecting the change in net interest income year over year was the $6.2 million increase in junior subordinated debentures during September of 2006 which increased the total of these debentures to $15.5 million. The Company's use of Trust Preferred Securities, which help to increase regulatory capital, has allowed for continued growth and expansion.

Founded in February 1995, Citizens Bank, headquartered in Nevada City, became a wholly owned subsidiary of the Company in 2003. In addition to the new Auburn branch in Placer County, the Bank has six other branches in communities throughout Nevada County, including Nevada City, Grass Valley, Penn Valley, Lake of the Pines, and Truckee. The opening of the Auburn branch represents the Bank's first physical entry into neighboring Placer County. The Bank offers community banking services, including a wide variety of deposit products, commercial, residential and consumer loans, and other traditional banking products and services, designed to meet the needs of small and middle market businesses and individuals.

This release may contain certain forward-looking statements that are based on management's current expectations regarding economic, legislative, and regulatory issues that may impact the Company's earnings in future periods. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words "believe", "expect", "intend", "estimate" or words of similar meaning, or future or conditional verbs such as "will", "would", "should", "could" or "may". Factors that could cause future results to vary materially from current management expectations include, but are not limited to, general economic conditions, changes in interest rates, deposit flows, real estate values, and competition; changes in accounting principles, policies or guidelines; changes in legislation or regulation; and other economic, competitive, governmental, regulatory and technological factors affecting the Bank's operations, pricing, products and services. These and other important factors are detailed in various Federal Deposit Insurance Corporation filings made periodically by the Bank, copies of which are available from the Bank without charge. The Company or the Bank undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.