Citizens South Bank Receives 5-Star Rating
06 Dicembre 2011 - 5:21PM
Citizens South Bank has been awarded its 37th
consecutive 5-Star Superior rating for financial strength and
stability from BauerFinancial, Inc., of Coral Gables, Florida for
the quarter ended September 30, 2011. BauerFinancial, Inc., which
is the nation's leading independent bank and credit union rating
and research firm, has been reporting on and analyzing the
performance of U.S. banks and credit unions since 1983. A
rating of 5-Stars is the highest rating attainable from
BauerFinancial and is based on the overall financial picture of the
institution.
Since 1904, Citizens South Bank has continually
drawn on thoughtful decision making, sound fiscal practices and a
deliberate approach to growth to remain financially healthy through
good times and bad. Earning a 5-Star rating indicates that
Citizens South Bank is one of the strongest banks in the
nation.
No institution pays for its rating, nor can it be excluded from
the rating process. Consumers may obtain star-ratings of financial
institutions by visiting www.bauerfinancial.com.
About Citizens South Bank
Citizens South Bank was founded in 1904 and is headquartered in
Gastonia, NC. Deposits are FDIC insured up to applicable regulatory
limits. As of September 30, 2011, the Bank had $1.1 billion in
assets with 21 full-service offices in the Charlotte and North
Georgia regions. Citizens South Bank is an Equal Housing Lender and
Member, FDIC. The Bank is a wholly owned subsidiary of Citizens
South Banking Corporation. Shares of the common stock of the
Holding Company trade on the NASDAQ Global Market under the ticker
symbol "CSBC". The Bank maintains a website at
www.citizenssouth.com that includes information on the Holding
Company, along with a list of products and services, branch
locations, current financial information, and links to the Holding
Company's filings with the SEC.
The Citizens South Banking Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7099
CONTACT: For More Information:
Kim S. Price, President/CEO
(704) 884-2260
Kim.Price@citizenssouth.com
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