Citizens Community Bank Elects New Chairman and Vice-Chairman
SOUTH HILL, Va., Feb. 23, 2015 /PRNewswire/ -- The Citizens Community Bank (OTCQB: CZYB) Board of Directors announced today its election of Mr. Norman D. Wagstaff, Jr. as chairman. G. Nelson Baird was elected to serve as vice-chairman.
"I have decided to pursue other personal life goals and have accomplished my objectives by leaving the bank in a much stronger position. I wish the board and employees well and look forward to CCB's accomplishments. I am confident that Mr. Wagstaff will lead the board in a manner which maximizes the value for all stakeholders," says former Chairman Alfred D. "Denny" Hardee.
Newly elected Chairman Norman D. Wagstaff, Jr. commented, "On behalf of the board of directors we want to thank Mr. Hardee for his service and his leadership over the years. Mr. Hardee's dedication and accomplishments have enhanced the pathway for future success."
He continued, "I am honored to have been chosen by the board of directors to serve as Chairman. I look forward to leading the board as we continue our journey to enhance shareholder value in the community banking environment. We have a solid team here at CCB and we are well postured to continue with our growth and earning objectives."
"I also want to welcome Mr. Nelson Baird as Vice-Chairman. The board elected Mr. Baird to fill my previous seat and we are delighted to have Mr. Baird in this position. His passion and expertise absolutely commend him to this position," commented Wagstaff.
Citizens Community Bank is a Virginia state chartered bank headquartered in South Hill, Virginia. Opened in December 1999, it operates five branches, three in south central Virginia and two in northern North Carolina as well as a loan production office in North Raleigh, North Carolina. For more information and additional financial data, please visit www.ccbsite.com.
This press release contains "forward-looking statements" that concern future events which are subject to risks and uncertainties. Any such statements are based on certain assumptions and analyses by the Bank and other factors it believes are appropriate in the circumstances and at the time at which such statements are made. The Bank's actual results, events and developments may differ materially from those contemplated by any forward-looking statement. The Bank has no responsibility to update such forward-looking statements.
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SOURCE Citizens Community Bank
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