Timeline Stories

Our primary focus has been to broaden our presence and impact in the communities we serve. We have cultivated partnerships with esteemed national organizations such as Operation Hope to deliver financial education and resources, empowering individuals, and families to attain…

Today, Citizens Bank is a privately owned company with approximately $100 million in assets. The bank is a Certified Development Financial Institution (CDFI) – a certification given to mission-driven financial institutions dedicated to expanding economic opportunity to economically disadvantaged individuals…

The bank opens its Memphis branch. In the 2007 financial crisis, the Black community lost 50% of its wealth. Citizens was able to continue to invest in Black communities and stabilize operations to weather the storm.

The bank reaches $5M in deposits and becomes a central presence in the North Nashville community during the Civil Rights Movement. As the neighborhood faces blight from a contentious interstate development, Citizens continues to invest in the redevelopment of Nashville’s…

Citizens survives the Great Depression and in 1946 reaches $1M in capital and deposits. The bank becomes a leader in investing in the growth of historically Black faith-based and nonprofit organizations.

The One Cent Savings Bank, now Citizens Savings Bank and Trust Company, became the first minority-owned bank in Tennessee. Citizen’s Bank was founded on the principal of creating opportunities for African Americans to build wealth and economic security.On January 16,…