CFB Holding Company, the parent organization for Citizens First Bank, held its annual shareholders meeting Feb. 20 at Rastrelli’s Tuscany Center.
Approximately 30 attendees were welcomed by President and CEO Tom Soenksen.
Soenksen provided the shareholders news of a banner year, 12 years of momentum and consistent and steady growth. Key financial results included assets at year ending 2012 of $160.9 million, record earnings of $2.4 million after tax as well as solid financial performance. He stated that though 2012 continued to be a challenge for the financial services industry, Citizens First Bank held strong once again and remains one of the healthiest banks in Iowa. Accolades went out to the efforts and performance of CFB staff.
The following offer appointments, changes and associated titles were approved at the meeting:
• Steve Clements was promoted to Loan Officer. Clements joined CFB as a Consumer and Commercial Lender in 2011. He has financial experience as a Credit Analyst and Lender.
• Eddie Dunham was promoted to Loan Officer. He has been in the bank industry for seven years as a loan originator joining CFB in 2009.
• Jesse Mitchell was promoted to Loan Officer. Mitchell has been with Citizens First Bank since 2009 and has over 14 years of experience in commercial and agriculture credit analysis, loan review and correspondent banking.
• Laura Jeffrey was promoted to Operations Officer. She has been in banking for more than 12 years, the last nine at Citizens First Bank in the operations department.
• Susie Vogel was promoted to Financial Systems Officer. She has worked in the banking industry for 12 years as a teller, in operations and in accounting and has been with CFB since 2008.
• Judy Leonard was promoted to Retail Banking Officer. Leonard has been with Citizens First Bank since 2004 and has worked as Teller and Customer Service Representative.
• Sherri Blohm was promoted to Compliance Officer. She has been with CFB since its inception and over 14 years of banking experience most recently as Loan Administration Officer. Blohm has held other positions as Teller, Customer Service Representative, Branch Manager, Loan Processing and Loan Officer.
• Rita Zeeryp was promoted to Vice President Compliance and Business Development. Zeeryp joined Citizens First Bank in December 2002 as a Personal Banker and most recently was working as Compliance Officer and responsible for bank training. Prior CFB positions and duties include Branch Manager, Lender and product development.
“These dedicated individuals have been instrumental to the bank’s growth. We are pleased to announce their well deserved promotion. Our employees’ support is a key asset and essential for continued growth,” Tom Soenksen, CFB President and CEO, stated.
Soenksen also provided insight into the banks operations, unveiling a major expansion of the Main branch on Lincolnway. “We have grown significantly through a combination of dedication and commitment to community banking, terrific products and services as well as superior service in Clinton and the surrounding area,” Soenksen said.” In addition we have literally grown out of our existing facility on Lincolnway and are in need of additional work space and features upgrades to provide a better work environment for employees and better means to serve our customers.”
Citizens First Bank plans to begin construction at its main location at 1442 Lincolnway sometime this spring with tentative completion early in 2014. The current facility will be enhanced along with a new 3,900-square-foot addition bringing the total facility to 7,950 square feet.
“Citizens First Bank has made a strong commitment to expanding its lending operations and the results speak for themselves,” added Keith Hook, Senior Vice President Lending. “ We are proud of our growth to date but this is just the start. Our strong presence in the community, great product selection and personal services should enable us to continue to increase our market share in the area. Our facilities expansion will position us to accommodate increases to best serve our customers and our community, especially as the economy improves and credit demand increases.”