BATESVILLE – June 4, 2013 – The financial offerings of the Citizens for Downtown Batesville (CFDB) program will end on June 30. Citizens Bank created CFDB in 2011, pledging $1 million in below-market interest rate loans and a $15,000 annual commitment in grant funds to help revitalize, beautify and support business in Batesville’s downtown historic district.
“We are proud that our bank took the lead role in this two-year effort to re-energize the downtown area,” said John Dews, President and Chief Executive Officer. “Citizens Bank remains firmly committed to Batesville and supportive of future plans that ensure downtown Batesville remains an important asset for the city’s economy.”
Through CFDB, Citizens Bank made over $350,000 in low interest loans, and provided financial assistance and matching funds to encourage downtown property and business owners to improve their properties. Recipients included Fancy Flea, KDS Holdings Inc., Konsigner’s Konnection, Main Street Barber Shop, Schwegman’s Office Supply, Small & Hip Children’s Boutique, and Studio Salon.
Additionally, Citizens Bank has supported the Main Street Batesville organization and assisted Fellowship Bible Church in its restoration of the former Landers Theater.
“We have been very impressed by the dedication and foresight of our city and business leaders,” said Richard Black, Senior Vice President and Senior Loan Officer, who helped coordinate the program for Citizens Bank. “We sincerely thank everyone who has been involved, but especially the CFDB board, which was represented by the Batesville Area Chamber of Commerce, Main Street Batesville, downtown historic interests, business owners and members of our bank staff.”About The Citizens Bank
Citizens Bank of Batesville was established in 1953 by a group of local businessmen who shared a vision of creating a bank that would be committed to serving the working people of Batesville and Independence County. Today, Citizens Bank is Independence County’s largest financial institution by market share, and has expanded its service area to include Lawrence, Randolph, Sharp and Stone counties. The bank operates 10 fully staffed financial centers in Batesville, Cave City, Imboden, Mountain View and Pleasant Plains.