Welcome to our dedicated page for Citizens Finl W Va news (Ticker: CIWV), a resource for investors and traders seeking the latest updates and insights on Citizens Finl W Va stock.
CITZNS FINCL CORP W VA (CIWV) is the parent company of Citizens Bank of West Virginia, a locally owned community bank serving West Virginia customers with banking, trust and investment products. Company news centers on the bank's market presence, community banking activities, and completed branch transactions that expand its West Virginia footprint.
Recurring updates also include Citizens Bank's use of Federal Home Loan Bank of Pittsburgh community programs, such as affordable-housing and small-business support initiatives, along with material agreements, capital-structure disclosures, governance matters, and operating and financial results tied to the bank parent company.
Citizens Financial (OTCID: CIWV) announced that its subsidiary, Citizens Bank of West Virginia, was ranked No. 19 nationwide on American Banker's list of Top-Performing Publicly Traded Community Banks Under $2 Billion in Assets, and was the only West Virginia bank included. This is the bank’s fifth appearance on the list and its first time in the Top 20, underscoring its history of consistent financial performance and shareholder focus.
Citizens Bank has $772 million in assets, operates from eight financial centers in West Virginia and one in Maryland, holds a 5-star Bauer Financial rating, and has received multiple national and regional accolades for performance, workplace culture, and community impact.
Citizens Financial Corp. (OTCID: CIWV) reported consolidated net income of $3.5 million for Q2 2026, up 37.5% from Q2 2025, and $7.0 million for the first six months of 2026, a 40.4% increase year over year. Earnings per common share rose to $1.95 in Q2 and $3.90 year-to-date, compared with $1.43 and $2.79 in the prior-year periods.
The Board raised the quarterly dividend to $0.30 per common share, 11% above the prior quarter and 20% above last year’s Q2, bringing year-to-date common dividends to $0.57, up 14%. Total assets grew 13.2% year over year to $772.5 million, net loans 13.1% to $604.5 million, and deposits 12.8% to $678.5 million. Net interest margin increased to 4.39% year-to-date from 3.99%, while shareholders’ equity rose 20.3% to $67.8 million. Nonperforming assets increased to $3.8 million, and the allowance for credit losses rose to $6.3 million.
Community Bank and Citizens Bank of West Virginia have completed the sale of two West Virginia branches, enhancing their operational focus. The locations sold are in Buckhannon and New Martinsville. Community Bank's President, John H. Montgomery, stated this transaction positions them to invest more in technology and client experiences. Citizens Bank, led by Nathaniel S. Bonnell, aims to expand its presence in West Virginia through this acquisition, strengthening its service offerings in the region.
CB Financial Services (NASDAQ: CBFV) has entered a Purchase and Assumption Agreement to sell its Buckhannon and New Martinsville branches to Citizens Bank of West Virginia (OTC: CIWV). This move aligns with the company's branch optimization strategy initiated in February 2021, allowing Community Bank to focus on core markets in Southwestern Pennsylvania. The branches hold approximately $101.9 million in deposits and $6.3 million in loans. The sale is expected to close in Q4 2021 pending regulatory approvals, resulting in a gain on sale for the company.