Citizens Trust Bank Ranked as One of Georgia's Top 100 Performing Companies.ATLANTA -- Citizens Bancshares Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CZBS), parent company of Citizens Trust Bank (CTB CTB Council Tax Benefit (UK) CTB Coopération Technique Belge (French: Belgian Technical Cooperation) CTB Commonwealth Transportation Board (Virginia Department of Transportation) ) was recently recognized as one of Georgia's top performing companies when the Atlanta Journal-Constitution (AJC AJC Atlanta Journal & Constitution AJC American Jewish Committee AJC Arabian Jockey Club AJC American Jewish Congress AJC Australian Jockey Club (Sydney, Australia) AJC Anderson Junior College (Singapore) ) announced its annual ranking of public companies. The AJC ranked Citizens Trust Bank 99th on the list for earnings of $123 million, return on equity of 82%, and a 46% increase in net income during 2004. "Although there was some improvement in the economy during 2004, several sectors continued to present challenges to many of the small businesses and individuals we continue to serve," said James E. Young, Citizens Bancshares' President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . He continued, "Our continued performance and increases in return on equity and income is a testament to the officers and staff of this fine institution who, day in and day out Adv. 1. day in and day out - without respite; "he plays chess day in and day out" all the time , display hard work and dedication beyond compensation. It is an honor to have these efforts recognized by the AJC." The ranking by performance attempts to quantify how well a company's executives managed the assets entrusted to them by shareholders. PricewaterhouseCoopers L.L.P., calculated top performance of the companies based on five variables, including revenue, year-over-year revenue change, annual percent change in profit margin, return on equity and total return for calendar year Total return for calendar year The profit or loss realized by an investment at the end of a specified calendar year, stated as the percentage gained or lost per dollar invested on January 1. 2004. About Citizens Bancshares Corporation Citizens Bancshares Corporation is the parent company of Citizens Trust Bank (CTB). With 84 years of history, CTB has assets of more than $330 million and nine offices throughout metropolitan Atlanta and Columbus, Georgia, a branch in Birmingham, and Eutaw, Alabama. As a leader in the financial services industry, Citizens Trust Bank prides itself on offering a full range of quality banking products and services. Since 1921, the Bank has continued to fulfill its mission to promote financial stability and business development, stress the principles of thrift, and make home ownership a reality. Today, CTB remains dedicated to neighborhood and small business growth, development and advancement through community reinvestment. Citizens Bancshares Corporation, offers its common stock over-the-counter to the general public under the trading symbol Trading symbol See: Ticker symbol CZBS. For more information please visit Citizens Trust Bank on the web at http://www.CTBconnect.com |
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