Four Corners Community Bank has announced that its shareholders have approved the acquisition of Citizens State Bank of Cortez.
Citizens State Bank has approximately $80 million in assets and two branches. Once the acquisition is complete, Four Corners Community Bank will have an asset size of approximately $302 million.
The addition of two branches will result in a total of seven branches to serve customers of the newly joined banks once conversion is complete, with locations in Cortez and nearby Farmington and Aztec, N.M..
“I’ve looked for ways that we could make more of an impact, particularly in business and agricultural lending,” said Larry McGee, president of Citizens. “Our employees are terrific, and they’ve provided an effective and comfortable banking environment for our customers. The Four Corners name will not only signify that continuing level of commitment, it will also raise a banner that says, ‘Now we’re in an even better position to serve your financial needs.’”
FCCB President Sheila Mathews said, “We look forward to growing in the community, not only for our customers but for our employees. We’re thrilled to be providing new opportunities and exciting career paths. We are here because of our customers, and we were created for communities. That commitment is stronger than ever.”
Until the operational conversion, which likely will take place in early 2014, Citizens State Bank customers will not see any changes in their banking services and should continue to use their checks, make loan payments, conduct online banking and take advantage of other familiar services as before.