The Citizens Bank of Philadelphia Announces CEO Retirement

Rhea-AI Summary

The Citizens Bank of Philadelphia has announced the retirement of President and CEO Greg Mckee, effective January 31, 2023. Mckee will continue as President and CEO of Citizens Holding Company and will remain on its Board of Directors. This change follows a comprehensive succession search conducted by an executive search firm. Under Mckee's leadership since 2002, the bank's assets have increased from $400 million to over $1.4 billion. A new CEO for the bank is expected to be announced within two weeks.

Positive

• Under Greg Mckee's leadership, the bank's assets grew from $400 million to over $1.4 billion.
• Successful completion of a thorough succession search for new leadership.

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• None.

PHILADELPHIA, Miss.--(BUSINESS WIRE)-- The Citizens Bank of Philadelphia announced today that its long serving President and CEO, Greg Mckee will retire on January 31, 2023. He will continue as a member of the Board of Directors.

Mckee will remain as President and CEO of Citizens Holding Company and a member of that Board of Directors.

This announcement is made at the conclusion of a diligent and thorough succession search that was done by a nationally recognized executive search firm engaged by the Bank’s Board of Directors. It is anticipated that a public announcement regarding the appointment of a new Chief Executive Officer of the bank will be made within the next two weeks.

Mckee joined the Bank in 1982 and has been President and CEO since 2002.

McKee stated “I am very appreciative of the loyalty and support of employees, customers, and shareholders. Without that, my career, and the things that have been accomplished would be considerably different. I look forward to the successes and accomplishments that the Bank and its management will achieve in the future.”

“On behalf of the Board of Directors and our Shareholders, I would like to thank Greg for his decades of loyal service and servant leadership to this institution, enabling the Bank to grow and serve Mississippi communities across our footprint,” said Herbert King, Chairman of the Board. “During his over 20-year tenure, the bank’s assets have grown $400 million to over $1.4 billion and has attracted and retained an outstanding group of leaders and staff that are dedicated to our mission.”

The Citizens Bank of Philadelphia is headquartered in Philadelphia, Mississippi. The Bank currently has twenty-eight banking locations in fourteen counties throughout the state of Mississippi. In addition to full service commercial banking, the Company offers mortgage loans, title insurance services through its affiliate, Title Services, LLC and a full range of Internet banking services including online banking, bill pay and cash management services for businesses.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230110005231/en/

Citizens Holding Company, Philadelphia

Phillip R. Branch, 601/656-4692

Phillip.branch@thecitizensbank.bank

Source: Citizens Holding Company

FAQ

Who is the new CEO of Citizens Bank of Philadelphia?

The new CEO is yet to be announced but is expected to be named within two weeks following Greg Mckee's retirement.

When did Greg Mckee retire from Citizens Bank of Philadelphia?

Greg Mckee retired as President and CEO of Citizens Bank of Philadelphia on January 31, 2023.

What is the stock symbol for Citizens Holding Company?

The stock symbol for Citizens Holding Company is CIZN.

What were the key achievements of Greg Mckee at Citizens Bank?

During Greg Mckee's tenure, the bank's assets increased significantly, growing from $400 million to over $1.4 billion.