Citizens Bank of Northern California became the 73rd US bank to fail this year when it was shut down by the FDIC Friday. Chico Based Tri Counties Bank took over all Citizens Bank branches yesterday. Tri Counties Bank President and CEO Rick Smith says the same Citizens Bank employees are behind the counter.
“We met with the employees on Saturday and we’re getting to know them on a first name basis and we like them just as much as the customers that come in here do. So yes, a bank is about the people that work at it. We believe in the people here and that’s why we think we’ll be successful here. It’s not just products and services. It’s the people that stand behind them.”
Throughout the day Tri Counties Bank welcomed Citizen’s bank customers and explained that Citizen’s Bank Customers do not need to change normal banking behaviors. Deposits and loans are safe, and readily accessible. Smith Says You can continue to write and cash checks as usual, and continue banking with Tri Counties Bank just as you did with Citizens Bank of Northern California.
“The social security checks, all the activities that they do will run exactly as they did in the past. Down the road, we’ll do a data conversion. So at that point, it will go onto our system. For right now, we’re still using the same systems that they used. So hopefully, customers won’t know any change.”
Tri Counties bank was founded in 1975 in Chico, Ca. and with the addition of Citizens Bank; it now has 68 branches in small communities from the Oregon Border to Bakersfield. Citizens Bank is the second failed bank acquired by Tri Counties Bank. They bought Granite Community Bank with branches in Granite Bay and Roseville in May of 2010.