Citizens Bank of Northern California, locally known as Citizens Bank, was a
community bank
A community bank is a depository institution that is typically locally owned and operated. Community banks tend to focus on the needs of the businesses and families where the bank holds branches and offices. Lending decisions are made by people ...
headquartered in
Nevada City, California
Nevada City is the county seat of Nevada County, California, United States, northeast of Sacramento, California, Sacramento, southwest of Reno, Nevada, Reno and northeast of San Francisco. The population was 3,152 as of the 2020 United States ...
, that operated from 1995 to 2011.
History
Originally named Citizens Bank of Nevada County, the bank opened for business on February 8, 1995.
The bank served
Nevada
Nevada ( ; ) is a landlocked state in the Western United States. It borders Oregon to the northwest, Idaho to the northeast, California to the west, Arizona to the southeast, and Utah to the east. Nevada is the seventh-most extensive, th ...
and
Placer counties with seven full-service
branches
A branch, also called a ramus in botany, is a stem that grows off from another stem, or when structures like veins in leaves are divided into smaller veins.
History and etymology
In Old English, there are numerous words for branch, includi ...
located in:
Nevada City,
Grass Valley,
Penn Valley,
Lake of the Pines,
Truckee
Truckee is an incorporated town in Nevada County, California, United States. As of the 2010 United States Census, the population was 16,180, reflecting an increase of 2,316 from the 13,864 counted in the 2000 Census.
History Name
Truckee's ...
, and
Auburn. It offered consumer loans and other traditional banking products and services, designed to meet the needs of small and middle market businesses and individuals.
In June 2003, it became a wholly owned subsidiary of
Citizens Bancorp. In preparation of opening its first branch outside of Nevada County, the bank changed its name to Citizens Bank of Northern California in April 2006.
The bank ceased operations on September 23, 2011, as ordered by the
Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC) is a State-owned enterprises of the United States, United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. The FDIC was cr ...
(FDIC). Customer accounts were transferred to
Tri Counties Bank of
Chico, California
Chico ( ; Spanish language, Spanish for "little") is the most populous city in Butte County, California, United States. Located in the Sacramento Valley region of Northern California, the city had a population of 101,475 in the 2020 United Sta ...
.
References
{{reflist
External links
Official Website
Banks based in California
Banks established in 1995
Banks disestablished in 2011
Defunct banks of the United States