Citizens Bancshares Corporation (OTC:CZBS) Stock In Focus After The Recent News

As another trading week begins, investors are expected to keep an eye on the stocks of those companies which may have been in the news this past Friday. One stock that may come into focus is that of Citizens Bancshares Corporation (OTC:CZBS), the parent company of Citizens Trust Bank, which made an announcement with regards to a new appointment.

New Board Member

The company announced on January 31 that it had appointed a new member in its Board of Directors in the form of Alicia V J Wilson. In the news release, Citizens Bancshares Corporation announced that Wilson boasted of a track record of success in the realms of enterprise risk management and finance. The company went on to note that her expertise and experience would be greatly influential in helping Citizens Bancshares Corporation  achieve its aim of providing considerable value to its communities, customers and shareholders.

Key Information

The company also stated that at this point Wilson was the Chief Audit Officer and the Vice President of Internal Audit for Southwire. In that particular role, she was engaged in offering her considerable expertise risk management, corporate finance and strategic development to the organisation. It remains to be seen if the stock makes any move today.  

Key Quote

“We are thrilled to welcome Alicia V. J. Wilson to our board,” said Ray Robinson, Citizens Bancshares Corporation and Citizens Trust Bank’s Chairman of the Board. “With her extensive expertise in risk management and dedication to community service, we’re confident she will be instrumental in guiding the Company through this exciting phase of growth and innovation.”