News & Videos - FIRST CITRUS BANCORP. FCIT

TAMPA, Fla., Aug. 09, 2022 (GLOBE NEWSWIRE) -- In the press release issued yesterday by First Citrus Bancorporation, Inc. (OTC Markets: FCIT ), we are advised by the company, the first sentence in the first paragraph should read "First Citrus Bancorporation, Inc. (OTC Markets: FCIT ), the parent bank holding company for First Citrus Bank, announced that its shareholders approved the DFCU Financial all-cash transaction on Thursday, August 4, 2022." Complete corrected text follows. First Citrus...

TAMPA, Fla., Aug. 08, 2022 (GLOBE NEWSWIRE) -- First Citrus Bancorporation, Inc. (OTC Markets: FCIT ), the parent bank holding company for First Citrus Bank, announced that its shareholders voted and unanimously approved the DFCU Financial all-cash transaction on Thursday, August 4, 2022. Subject to the terms of the agreement, shareholders of FCB will receive $47.75 in cash for each share owned. DFCU will also cash out the outstanding options at FCB at the difference between the strike price and...

TAMPA, Fla., Aug. 01, 2022 (GLOBE NEWSWIRE) -- First Citrus Bancorporation, Inc. (OTC Markets: FCIT ), the parent bank holding company for First Citrus Bank, released its financial results for the second quarter of 2022. Net income of $987,000 for the quarter ended June 30, 2022, was 33% lower than the first quarter of 2022 and 50% lower than the second quarter of 2021 due to the winding down of the Paycheck Protection Program (“PPP”). During the second quarter, assets, deposits, and core...

TAMPA, Fla., April 25, 2022 (GLOBE NEWSWIRE) -- First Citrus Bancorporation, Inc. (OTC Markets: FCIT ), the parent bank holding company for First Citrus Bank, released its financial results for the first quarter of 2022. Net earnings of $1,463,000 for the quarter ended March 31, 2022, was 28% higher than the fourth quarter of 2021 and 14% lower than the first quarter of 2021. During the first quarter, assets, deposits, and core loans (total loans less PPP loans) grew to record levels. First...

TAMPA, Fla., Feb. 28, 2022 (GLOBE NEWSWIRE) -- First Citrus Bancorporation, Inc. (OTC Markets: FCIT ), the parent bank holding company for First Citrus Bank, announced that its Board of Directors declared on February 17, 2022, a $0.12 special cash dividend per share on March 14, 2022, to all holders of Common, Class A Preferred and Class B Preferred stock to shareholders of record as of February 28, 2022. "This marks our sixth consecutive year of record earnings. As we continue our long-term...

TAMPA, Fla., Jan. 26, 2022 (GLOBE NEWSWIRE) -- First Citrus Bancorporation, Inc. (OTC Markets: FCIT ), the parent bank holding company for First Citrus Bank, has released its financial results for the fourth quarter of 2021. December 31, 2021, YTD earnings were the highest on record, growing to $6,833,000, despite lower fourth quarter loan sales and lower SBA Paycheck Protection Program (“PPP”) loan forgiveness volume. Non-interest expenses were higher due to the opening of our downtown St....

TAMPA, Fla., Oct. 18, 2021 (GLOBE NEWSWIRE) -- First Citrus Bancorporation, Inc. (OTC Markets: FCIT ), the parent bank holding company for First Citrus Bank, has released its financial results for the third quarter of 2021. The reported net earnings of $2,022,000 for the quarter ended September 30, 2021, resulting in both the strongest single quarter and YTD earnings performance in company history as the bank’s core loans (exclusive of PPP loans), assets and deposits also grew to record...

TAMPA, Fla., Sept. 21, 2021 (GLOBE NEWSWIRE) -- First Citrus Bank , the St. Petersburg Chamber of Commerce , St. Pete Greenhouse , and the St. Petersburg Area Economic Development Corporation held a ribbon cutting ceremony on Thursday, September 16 th , to officially celebrate the opening of the newest First Citrus Bank branch located in the heart of downtown St. Pete at 300 1 st Ave S. National Small Business Week was an ideal timeframe for the ribbon cutting, as Jack Barrett, President and...

TAMPA, Fla., July 19, 2021 (GLOBE NEWSWIRE) -- First Citrus Bancorporation, Inc. (OTC Markets: FCIT ), the parent bank holding company for First Citrus Bank, released its financial results for the second quarter of 2021. Net earnings of $1,960,000 for the quarter ended June 30, 2021, was the highest in company history. During the second quarter, assets, deposits, and non-Paycheck Protection Program ("PPP") loans also grew to record levels. Second Quarter 2021 Highlights (compared to second...

ST.PETERSBURG, Fla., June 12, 2021 (GLOBE NEWSWIRE) -- Two St. Petersburg artists, Martha Gipson and Greg Read, were recognized by exhibition sponsor, First Citrus Bank, for their artwork on display during Orange! The Exhibition at the Morean Arts Center. The pop-up gallery features over 80 entries from artists throughout Florida, many from the local area. Jack Barrett, CEO & President of First Citrus Bank, and Jessica Hornof, Chief Deposit Officer, were invited by the arts center to select...

TAMPA, Fla., June 02, 2021 (GLOBE NEWSWIRE) -- In celebration of their new downtown St. Pete full-service branch, First Citrus Bank commissioned renowned urban artists Leon “Tes One” Bedore and the Vitale Bros., Johnny and Paul, to create an exciting and colorful mural composition. The bright and energetic design expresses First Citrus Bank’s own vigor and commitment to the community. The mural configuration is displayed both on the exterior and interior of the building and is ready for...

TAMPA, Fla., May 26, 2021 (GLOBE NEWSWIRE) -- First Citrus Bancorporation, Inc . (OTC Markets: FCIT ) was recognized as Florida’s leading community bank for the second year in a row, and ranked among the nation’s top 100 by American Banker , a magazine that rates publicly traded community banks based on their three-year return on average equity (ROAE). Notably, the implementation of the Small Business Administration (SBA) Payroll Protection Program (PPP) allowed First Citrus Bank to provide...

TAMPA, Fla., April 26, 2021 (GLOBE NEWSWIRE) -- First Citrus Bancorporation, Inc. (OTC Markets: FCIT ), the parent bank holding company for First Citrus Bank, released its financial results for the first quarter of 2021. Net income of $1,705,000 for the quarter ended March 31, 2021 was the highest in company history. During the first quarter, assets, deposits, and loans also grew to record levels largely due to loans made under the Small Business Administration's ("SBA") Paycheck Protection...

TAMPA, Fla., April 12, 2021 (GLOBE NEWSWIRE) -- First Citrus Bank announced plans to open its first full-service bank in St. Petersburg. Located at 300 1st Ave South in the heart of downtown St. Pete, the branch, executive offices, and drive-thru are anticipated to open in June 2021. "We're beyond excited to be deepening our commitment in the `Burg! We have spirited leadership in Leslie Bridges and Brett Dulaney, who have a combined 31 years of experience in Pinellas County. The First Citrus...

TAMPA, Fla., Feb. 01, 2021 (GLOBE NEWSWIRE) -- First Citrus Bancorporation, Inc. (OTC Markets: FCIT ), the parent bank holding company for First Citrus Bank, announced that its Board of Directors declared on January 21, 2021, a $0.45 special cash dividend per share for all holders of Common, Class A Preferred, and Class B Preferred stock. On March 4, 2021, the dividend is payable to shareholders of record as of February 16, 2021. "This is our fifth consecutive year of record earnings and we are...

TAMPA, Fla., Jan. 25, 2021 (GLOBE NEWSWIRE) -- First Citrus Bancorporation, Inc. (OTC Markets: FCIT ), the parent bank holding company for First Citrus Bank, has released its financial results for the fourth quarter of 2020. December 31, 2020, YTD earnings were the highest on record after the fourth quarter produced the strongest quarterly earnings performance in company history. During the fourth quarter, assets, deposits, and loans grew to record levels largely due to loans made under the...

TAMPA, Fla., Oct. 19, 2020 (GLOBE NEWSWIRE) -- First Citrus Bancorporation, Inc. (OTC Markets: FCIT ), the parent bank holding company for First Citrus Bank, has released its financial results for the third quarter of 2020. September 30, 2020, YTD earnings were the highest on record after the third quarter produced the strongest quarterly earnings performance in company history. During the third quarter, assets, deposits, and loans grew to record levels largely due to loans made under the SBA...

TAMPA, Fla., July 20, 2020 (GLOBE NEWSWIRE) -- First Citrus Bancorporation, Inc. (OTC Markets: FCIT ), the parent bank holding company for First Citrus Bank, has released its financial results for the second quarter of 2020. June 30, 2020, YTD earnings were the highest on record for the first six-month period after the second quarter produced the strongest quarterly earnings performance in company history. During the second quarter, assets, deposits, and loans grew to record levels largely due...

TAMPA, Fla., May 20, 2020 (GLOBE NEWSWIRE) -- First Citrus Bancorporation, Inc . (OTC Markets: FCIT ) was recognized as the top community bank in Florida and ranked in the top 100 nationwide by American Banker , a magazine that ranks publicly traded community banks based on their three-year average return on average equity. While the coronavirus pandemic has forced many banks to reprioritize and restructure, First Citrus Bank is proud to be among the community banks that have helped secure...

TAMPA, Fla., April 27, 2020 (GLOBE NEWSWIRE) -- First Citrus Bancorporation, Inc. (OTC Markets: FCIT ), the parent bank holding company for First Citrus Bank, has released its financial results for the first quarter of 2020. Collaboration between our deposit and lending teams is fueling low-cost deposit growth. The year over year period ending March 31, 2020, was the strongest core deposit growth period since 2004. More importantly, low-cost deposit growth was the highest in the company’s...