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Citizens Bancorp Names New Directors

  //business-finance.news-articles.net/content/2010/06/07/citizens-bancorp-names-new-directors.html
  Published in Business and Finance on Monday, June 7th 2010 at 12:45 GMT by Market Wire
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NEVADA CITY, Calif.--([ BUSINESS WIRE ])--Kenneth E. Baker, Chairman of the Board of Citizens Bancorp (the aCompanya) (OTCBB:CZNB) announced today that two long-time Nevada County businessman have been appointed as members of the Board of Directors of Citizens Bancorp and its subsidiary, Citizens Bank of Northern California (the aBanka). Reynold aReya C. Johnson, III, Chairman of the Board of Pacific Land Enterprises, Inc., and Kenneth aKena J. Meyers, a Managing Director of the investment firm, R.W. Baird & Co., were appointed directors of both Companies to serve until the next annual meeting of shareholders which is set for May 17, 2011.

"Both Rey and Ken are well established, respected business leaders in our community"

aBoth Rey and Ken are well established, respected business leaders in our community,a said Chairman Ken Baker. He added, aTheir business expertise and proven success is consistent with the ability and commitment of our continuing board members and those members who have served us in the past. We look forward to the contributions Rey and Ken will bring to us as we guide our Bank into the future.a

A 23-year Nevada County businessman and 10-year Nevada County resident, Rey Johnson holds a B.S. Degree in Finance from California State University, Chico. He brings his strong background of success in real estate development and banking to the Board of Directors. His 25 year career in development spans five states and includes projects related to commercial real estate, industrial parks, sports complexes, ranch and single family residential properties.

Reya™s active career in commercial banking includes co-founding and board membership of the Bank of Walnut Creek. Founded in 1982, the bank grew to approximately $600 million in assets prior to being sold to First Republic in 2007. He served on the banka™s Investment and Nominating Committees, was the Chairman of the Compensation Committee and a member of the Loan Committee.

A lifetime rancher and farmer, Rey Johnson has been known by Citizens Bank leadership for over 15 years. He is an active leader in the Grass Valley and Nevada City communities, is a supporter and Advisory Board member of The Friendship Club and serves as a mentor to young community leaders through The Exchange, a local leadership organization.

Ken Meyers has 20 years experience in the investment industry with a deep history in serving Nevada County investors, currently managing $400 million in customer assets. He holds a B.S. Degree in Finance from California State University, Chico and National Association of Securities Dealers (aNASDa) Series 3, 7, 8, 63 & 65 licenses.

Ken is a Trustee of the University of Sacramento, a private Catholic university and previously served as president of Mt. Saint Marya™s Academy and Sierra College Foundation in Nevada County. He is a current member of the board of Digital Direct, Inc. in Marysville, CA, is a past member of Wachovia Securities and PaineWebber Advisory Councils, and CSU Chicoa™s Business School Steering Committee. An 18-year Nevada County resident, Ken currently serves as treasurer for Cub Scout Pack 23 in Nevada City, CA.

This release may contain certain forward-looking statements that are based on managementa™s current expectations regarding economic, legislative, and regulatory issues that may impact the Companya™s earnings in future periods.Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts.They often include the words abelievea, aexpecta, aintenda, aestimatea or words of similar meaning, or future or conditional verbs such as awilla, awoulda, ashoulda, acoulda or amaya.Factors that could cause future results to vary materially from current management expectations include, but are not limited to, general economic conditions, changes in interest rates, deposit flows, real estate values, and competition; changes in accounting principles, policies or guidelines; changes in legislation or regulation; and other economic, competitive, governmental, regulatory and technological factors affecting the Banka™s operations, pricing, products and services.These and other important factors are detailed in various Federal Deposit Insurance Corporation filings made periodically by the Bank, copies of which are available from the Bank without charge.The Company or the Bank undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.