CITIZENS BANCORP/ORE Business Summary

Citizens Bancorp (CZBC) operates as the bank holding company for Citizens Bank, a community-focused financial institution primarily serving the Willamette Valley region of Oregon. The company generates revenue through a traditional spread-based model, earning interest income from a diverse lending portfolio that includes commercial real estate, agricultural, and small business loans, alongside non-interest income from service charges on deposit accounts and merchant processing fees. Its primary business segments are categorized into Commercial Banking, which targets local enterprises and agribusinesses, and Consumer Banking, providing retail products such as mortgages and personal lines of credit. CZBC competes directly with other regional community banks such as First Northwest Bancorp (FNWB), Riverview Bancorp (RVSB), and United Bancorp (UBCP), positioning itself as a high-touch, relationship-driven alternative to national lenders by leveraging its deep local expertise and 15-branch network across 13 Oregon communities. The leadership team is anchored by President and CEO K. Gordon Zimmerman, a veteran banker and former Chairman of the Oregon Bankers Association with over a decade of tenure at the helm of the organization. He is supported by Executive Vice President and CFO Cameron Howell, a Certified Public Accountant with over 20 years of industry experience, and Bill Humphreys, Jr., who serves as EVP and Chief Operating Officer. The company’s strategic direction is overseen by a board of directors composed of prominent regional business leaders, including Chairman Eric Thompson of Thompson Timber and directors such as Heather McGowan of SingerLewak and Linda Navarro, the former CEO of the Oregon Bankers Association. This governance structure emphasizes local economic stability, reflecting the bank's 1957 founding roots in Corvallis and its continued commitment to the Pacific Northwest market.