[11] In 2017, Citizens First Bank sold its Leesburg, Florida branch to a real estate developer and moved to a newly built location. Cynthia N. Day; President and CEO, 52, assumed the presidency of the Company and Citizens Trust Bank in 2012. [21], Citizens First Bank has been involved in numerous community outreach efforts over the years, including homebuilding partnerships with Habitat for Humanity,[22] scholarship donations to the Buffalo Scholarship Foundation,[23] and participation in local events such as the Villages Charter School Annual BBQ Bash,[24] Bless Fruitland Park's Love Week[25] and The Villages Relay for Life. [29], In 2019, Coral Gables, Florida, based financial rating agency, Bauer Financial, gave Citizens First Bank a five-star rating. [13] In 2018, the company announced plans to open a new branch near the Village of Fenney, further expanding southward. Citizens First Bank offers wealth and investment management services under the name Citizens First Wealth Advisors. [5] As of 2018, Citizens First Bank had a market share of over 51 percent in The Villages. On September 13, 1993 the Central Bank of Trinidad and Tobago merged three government-owned entities, National Commercial Bank (NCB), the Trinidad Co-operative Bank (TCB), and the Workers' Bank to form First Citizens Bank. In November 2015, Citizens Financial Group (NYSE: CFG) became a fully independent publicly-traded company, just over a year after the successful completion of the largest commercial bank initial public offering (IPO) in U.S. history. [6] The company has been noted for its customer service, particularly offering amenities such as lobby hosts and popcorn to customers. By 1981, we had grown to 29 branches in Rhode Island with approximately $1.0 billion of assets. Built on the principle that we succeed only when our customers succeed, Citizens Financial Group, Inc. is one of the oldest and largest financial services firms in the United States. [26] Citizens First Bank also created a scam prevention program called Fraud Busters. (NMLS ID# 433960). [16], In October 2019, the company announced plans to open a new branch in Ocala, Florida.[17]. Securities and Insurance Products are: • NOT FDIC INSURED • NOT BANK GUARANTEED • MAY LOSE VALUE • NOT A DEPOSIT • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY, T: 4 Branches & Commercial Banking business of State Street, High Street Bank. [30], In May 2020, Citizens First Bank was named number 24 out of 25 for banks with more than $1 billion in assets in the Independent Community Bankers of America's Best of the Best. [27] In 2018, Citizens First Bank sponsored the construction of a home in Lady Lake, Florida, in partnership with Habitat for Humanity of Lake-Sumter. [7] The bank has a primarily older clientele, composed mainly of retirees and seasonal residents. Founded in 1921 by five black businessmen, Citizens Trust Bank is considered a medium-sized bank. The institution became First National Bank of Smithfield before merging with Citizens National Bank to become First and Citizens National Bank. "[9] In 2001, the bank moved their headquarters from Lady Lake, Florida to The Villages, Florida. [28] In 2020, during the coronavirus crisis, Citizens First Bank successfully secured $105 million in Paycheck Protection Program funds for small businesses in the area. The team is focused on delivering improved returns, through a strong focus on organic growth and efficiency initiatives, along with a more disciplined allocation of capital and resources. [9] According to Schwartz, the bank was, "created specifically to fill the needs of our community and to conscientiously and joyously serve our Villages residents in every possible way. The company also announced plans to open a new branch in Fruitland Park, Florida that year. If you are the site owner (or you manage this site), please whitelist your IP or if you think this block is an error please open a support ticket and make sure to include the block details (displayed in the box below), so we can assist you in troubleshooting the issue. [12], In 2018, Citizens First Bank purchased a branch office from CBC National Bank in The Villages, FL. (In 1948, it became Citizens Trust Co.) [Citizens Savings Bank bought a controlling interest in its original parent. In 1988 we became a wholly-owned subsidiary of the RBS Group. [4] A 2014 report claimed that over 72 percent of residents in The Villages, Florida banked with Citizens First Bank. These acquisitions greatly expanded our footprint throughout New England and into the Mid-Atlantic and the Midwest, transforming us from a local retail bank into one of the largest retail U.S. bank-holding companies with nearly $170.0 billion in assets at the start of the global financial crisis. The company plans to build a 45,000 square-foot administrative building on the land. First Citizens Bancshares, Inc. is a bank holding company based in Raleigh, North Carolina. [1] As of 2020, Citizens First Bank has 12 branches throughout Central Florida. A Bigger Bank Serving More Communities Citizens Bank is a brand name of Citizens Bank, N.A. [3] Citizens First Bank is the tenth largest bank in the state of Florida. bankiful.com/black-owned-banks/citizens-trust-bank-review/, Mozilla/5.0 (Windows NT 6.3; Win64; x64) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/83.0.4103.116 Safari/537.36. Citizens now embarks on a new and exciting chapter as we aspire to become a top-performing regional bank. Checking accounts, savings accounts, IRAs, CDs, credit cards, and mortgage loans. This page was last edited on 12 October 2020, at 07:38. On March 1, 1898, the Bank of Smithfield, now known as First Citizens Bank, opened for business. [12] In 1988 we became a wholly-owned subsidiary of the RBS Group. [15] In January 2019, the Wildwood City Council accepted a $3 million offer for an 18-acre parcel of city-owned land.