ATLANTA, April 25, 2005 (PRIMEZONE) -- Citizens Bancshares Corporation (OTCBB:CZBS), parent company of Citizens Trust Bank (CTB), announced today that the annual meeting of shareholders will be held at the Atlanta Life Insurance Company auditorium on May 25, 2005 at 10:00 a.m. The meeting will be held for shareholders of record as of close of business on April 15, 2005.
On April 21, 2005, Citizens Bancshares board of directors declared an annual dividend on common stock of $.15 per share, payable on April 30, 2005 to shareholders of record as of April 15, 2005.
About Citizens Trust Bank
As the leader in the financial services industry, Citizens Trust Bank prides itself on offering a full range of quality banking products and services. Since 1921, the Bank has continued to fulfill its mission to promote financial stability and business development, stress the principles of thrift, and make home ownership a reality. Today, CTB remains dedicated to neighborhood and small business growth, development and advancement through community reinvestment.
Citizens Trust Bank is the third largest African American-owned financial institution in the nation and has 84 years of history, assets of more than $330 million and nine offices throughout metropolitan Atlanta and Columbus, Georgia, two branches in Birmingham, and one in Eutaw, Alabama. Through its parent company, Citizens Bancshares Corporation, CTB offers its common stock over-the-counter to the general public under the trading symbol CZBS. For more information please visit Citizens Trust Bank on the web at http://www.CTBconnect.com.