CITIZENS BANCORP OF VIRGINIA Business Summary

Citizens Bancorp of Virginia (CZBT) operates as a one-bank holding company for Citizens Bank and Trust Company, generating revenue primarily through net interest income derived from a diverse portfolio of commercial, real estate, and consumer loans. The company’s primary business segments include retail and commercial banking, offering a suite of deposit products such as demand accounts, savings, and certificates of deposit, alongside non-interest income streams from interchange fees, loan sales, and bank-owned life insurance (BOLI). As of early 2026, the institution maintains a robust market position characterized by a high net interest margin and a strong Community Bank Leverage Ratio exceeding 15%. Its direct competitors include regional peers such as Skyline Bankshares, Inc., Benchmark Bankshares, Inc., and Potomac Bancshares, Inc., with Citizens Bancorp distinguishing itself as a high-performing, independent community bank focused on the Southside Virginia and Greater Richmond markets. Originally founded in 1873, the institution is the second oldest independent bank in Virginia and is currently led by President and CEO C. Taylor Quicke, a Virginia Tech and UVA Darden School of Business alumnus who has been with the bank since 2011. The executive team includes Senior Vice President and Senior Financial Officer John W. Davis, a Hampden-Sydney College graduate with over two decades of experience in regional finance, and Executive Vice President Cetric A. Gayles, who serves as Chief Credit Officer with nearly 30 years of lending expertise. The Board of Directors is chaired by Charles F. Parker, Jr., President of Parker Oil Company, and includes notable local figures such as Vice Chairman Jeffrey W. Siffert. The company is characterized by significant insider and local ownership, including historical major holdings by entities like Virginia Five Star, LLC, reflecting its deep-rooted commitment to its regional footprint.