ATLANTA, Aug. 1, 2005 (PRIMEZONE) -- Citizens Bancshares Corporation (OTCBB:CZBS), parent company of Citizens Trust Bank (CTB), announced today that they have added Free Business Checking to its list of products and services for commercial customers. This product enhances CTB's reputation as a leader in community banking and customer service.
Free Business Checking has no minimum balance requirement and allows customers up to 100 free transactions each month. With Free Business Checking, customers have access to free online banking, free check image statements, Internet bill pay and the new free CTBusiness Debit Card. This account is designed for businesses that have a limited number of transactions and do not want the worries of maintaining a minimum balance.
"Free Business Checking is another example of how CTB partners with the community," says James E. Young, President and CEO of Citizens Trust Bank. "Our goal is to help small businesses grow and thrive."
CTB will be launching several new retail and loan products for businesses and consumers in the 3rd and 4th quarters of 2005. The release of CTBusiness Free Checking and CTBusiness Debit Cards, reinforces CTB's commitment to remain a full service financial institution with the personal touch of a community bank. Future releases include Stored Value Gift Cards, PayLynk Visa Debit Cards and Home Equity Products for Investor Properties.
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 $340 million and nine offices throughout metropolitan Atlanta and Columbus, Georgia, one branch 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