August 16: The doors of Citizens Trust Company were opened on Sweet Auburn Avenue with $500,000 in capital stock. The goals of the new bank were threefold: to promote financial stability and business development, to stress the principles of thrift and to make home ownership possible to a larger number..Read More

Citizens Trust Company became the first African-American owned bank in the United States to become a member of the Federal Deposit Insurance Corporation (FDIC).  And, in 1947, Citizens Trust Company was the first Black-owned bank to be a member of the Federal Reserve System.

February 2: Under the leadership of James E. Young, president of First Southern Bank and Dr. Johnnie L. Clark at the helm of Citizens Trust Bank joined in alliance to form the nation’s fifth largest African American owned financial institution. This agreement would merge the banks whereby Young would assume..Read More

March 30: Living up to its commitment to its shareholders and customers by continuing to grow while maintaining a strong and solid foundation, Citizens Trust Bank completed another successful merger through its acquisition of the Peoples Bank branch in Lithonia, Georgia. This purchase in the southeast corridor of Atlanta significantly..Read More

Again, the bank’s commitment to expanding to support the growth of its customers, was reinforced through its most recent acquisition of approximately 5,000 new customer relationships from another financial institution to support the citizens in that community. Well-executed, the strategic purchase strengthened the Bank’s market footprint and afforded the Bank..Read More