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Citizens Bank to Tri Counties Bank Transition Goes Smoothly

It’s been a little over a week now since Tri Counties Bank assumed substantially all of the deposits and loan assets of Citizens Bank of Northern California through a Purchase and Assumption Agreement with the Federal Deposit Insurance Corporation (FDIC).  Former Citizens Bank Vice President Judy Hess is now with Tri Counties Bank as the Chief Banking Officer and she says the transition is going smoothly.

“The inquiries from our customers has had everything to do with ‘is my favorite teller still there?’ ‘Is the calling officer that I’ve been working with still there?’ The answer is yes. The great folks that our community has depended on for 16 years are still with Citizens Bank, now Tri Counties Bank.”

Hess says the employees were one of the most important parts of the investment that Tri Counties Bank made in the Citizens Bank acquisition.  She says very few account holders have closed their accounts.

“We expected that because of the closeness that we have with our customer base that they would have been happy to be with us. To the customers, they’re still with us.”

Tri Counties Bank has also stepped up to honor Citizens Banks’ sponsorship of the Economic Resourse Council Economic Forcast Conference October 11th which features a Midyear economic Profile of Nevada County as compliled by the Center for Economic Development at California State University, Chico.

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