The Citizens Savings Bank has acquired the Ohio deposits and banking offices of AmeriBank located in St Clairsville, Dillonvale and Tiltonsville, Ohio.
All of the depositors of those AmeriBank offices, including those with deposits in excess of the Federal Deposit Insurance Corporation’s (FDIC’s) insurance limits, will automatically become depositors of The Citizens Savings Bank for the full amount of their deposits and they will continue to have uninterrupted access to their accounts.
The accounts of AmeriBank’s local individual and business depositors will continue to be insured up to the FDIC limits with The Citizens Savings Bank at their current rates for the remaining terms of their present deposit agreements.
Scott Everson, president and CEO of The Citizens Savings Bank, said: The Citizens Savings Bank is well capitalized under bank capital regulations. Our new customers can expect to see the same faces and receive the same hands-on, community-bank style service to which they are accustomed from a local banking organization.