CFB Holding Co., the parent of Citizens First Bank, told shareholders last month that the Clinton-based bank ended another year of controlled growth of about 5 percent.
During the annual meeting, Citizens President and CEO Kathryn Forrest and John McEleney, the board chair, discussed the holding company's plans for future growth and the impacts on shareholder return.
Forrest said the year ended, Dec. 31, with nearly $197 million in assets, $165 million in deposits, and $169 million in loans.
"We are very much looking forward to reaching $200 million in assets. That will be an important milestone for all of us at Citizens First," she said.
McEleney recognized Tom Soenksen, who recently retired as CFB's chief executive officer. Soenksen, a founding member of the bank, served as bank president and CEO from 2000–2015 before becoming its CEO.
Among other board and staffing appointments approved at the meeting was the addition of Gary Foster, of Winkel, Parker & Foster, to the board of directors.
Citizens First Bank has branches in Clinton and Camanche.