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Balance Sheet Cash Flow Statement 519 S. New Hope Rd. Gastonia, NC 28054-4040 NC Tel. 704-868-5200 Toll Free 800-218-8619 Fax 704-868-5226 |
Type: Public
On the web:
http://www.citizenssouth.com
Employees:
164
Employee growth: 2.5%
Never mind the region, Citizens South Banking Corporation is more concerned whether interest rates will rise again. The holding company owns Citizens South Bank, which provides banking products and services from more than a dozen branch offices in the suburbs of Charlotte, North Carolina. Deposit products include checking, savings, and money market accounts; CDs; and IRAs. The bank also issues credit cards, performs trust services, and writes real estate loans (about 80% of its loan portfolio), consumer loans, and business loans. Its Citizens South Financial Services subsidiary (dba Citizens South Investment Services) sells uninsured financial products.
Key numbers for fiscal year ending December, 2008:
Sales: $26.2M
One year growth: (2.2%)
Net income: $3.1M
Income growth: (45.6%)
Officers:
Chairman: David W. Hoyle
President, CEO, and Director, Citizens South Banking Corporation; President and CEO, Citizens South Bank: Kim S. Price
COO, Citizens South Bank: Daniel M. (Dan) Boyd IV
Competitors:
Bank of America
BB&T
RBC Bank
