Transaction will enable both banks to focus on core markets.
Community Bank and Citizens Bank of West Virginia, Inc. are pleased to announce what they view as a ‘win-win’ transaction for both institutions. Community Bank has agreed to sell two West Virginia branches to Citizens Bank of West Virginia, Inc., which will enable the two organizations to best serve clients in their core markets.
The two branches that will be sold to Citizens Bank of West Virginia, Inc. (“Citizens Bank”) are located at:
The sale is part of Community Bank’s branch optimization initiative, designed to ensure Community Bank delivers the best products and services to its valued clients and remains the bank of choice in its markets.
Citizens Bank of West Virginia has moved to the 64th rank in American Banker magazine’s Top 200 Publicly Traded Community Banks and Thrifts in the nation. In its May 2021 issue, American Banker placed Citizens on its prestigious nationwide list, ranking Citizens Bank the highest in West Virginia and the only bank headquartered in this region of the state to make the list. In 2020, the bank made the Top 200 List, ranking 150th.
Citizens Bank of West Virginia announces Donald Fasig, Loan Review Officer and Information Security Officer, will retire on May 31, 2021 with 23 years of banking experience.
Fasig joined Citizens in 1997 as a Loan Review Officer and has worked in Collections and as Internal Auditor. He was appointed Information Security Officer in 2007 and managed the Bank’s risk assessment processes as well as internal property evaluations and appraisal reviews.