ATLANTA, May 5, 2014 /PRNewswire/ -- Citizens
Bancshares Corporation (OTC Bulletin Board: CZBS) (the "Company"),
the parent company of Citizens Trust Bank (CTB), announced today
its annual dividend on common stock of $0.08 per share, payable on May 14, 2014 to shareholders of record as of the
close of business on May 6, 2014.
Cynthia N. Day, President and
Chief Executive Officer, stated, "We are pleased to provide our
shareholders a return on their investment, through a dividend
declaration, while continuing to maintain a strong capital
position. We appreciate their continued support of the Company.
"
Since its inception, the Bank has remained dedicated to the
growth and development of communities by providing quality
financial solutions and extraordinary service. Citizens Trust
Bank takes pride in offering its financial solutions throughout
metropolitan Atlanta and
Columbus, Georgia, and Birmingham
and Eutaw, Alabama. Through its parent company,
Citizens Bancshares Corporation, the Bank offers its common stock
over-the-counter to the general public under the trading symbol
CZBS and can be found on the web at www.CTBconnect.com.
Certain statements in this news release contain "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995, such as statements relating to future plans and
expectations, and are thus prospective. Such forward-looking
statements are subject to risks, uncertainties, and other factors,
such as a downturn in the economy, greater than expected
noninterest expenses, volatile credit and financial markets,
potential deterioration in real estate values, regulatory changes
and excessive loan losses, which could cause actual results to
differ materially from future results expressed or implied by such
forward-looking statements. Although we believe that the
assumptions underlying the forward-looking statements are
reasonable, any of the assumptions could prove to be inaccurate.
Therefore, we can give no assurance that the results contemplated
in the forward-looking statements will be realized. The inclusion
of this forward-looking information should not be construed as a
representation by our company or any person that future events,
plans, or expectations contemplated by our company will be
achieved. We undertake no obligation to publicly update or revise
any forward-looking statements, whether as a result of new
information, future events, or otherwise.
SOURCE Citizens Trust Bank