2024 Journal of Community Bank Case Studies

FIRST PLACE: Commonwealth University of Pennsylvania

FIRST PLACE

Commonwealth University of Pennsylvania

Background FCCB was originally established as Ross & Williams Bank in 1872 in Mansfield, PA. Fifty years later, the bank was sold to a group of local citizens, establishing a community bank charter under which it operates today. Since then, FCCB has acquired several other banks, allowing it to expand across Pennsylvania, New York, New Jersey, and most recently Delaware, through its acquisitions of MidCoast and Huntington Valley Bancorp. FCCB currently operates forty-two branch office locations in these four states. The parent bank holding company of FCCB, Citizen’s Financial Services Inc., is publicly traded on Nasdaq under the ticker “CZFS.” FCCB is a state chartered bank and a member of the Federal Reserve System. FCCB offers demand deposits, a variety of retirement savings accounts, online banking, and special features for both student and veteran customers. Additionally, An Analysis of FCCB: The Causes and Effects of the 2023 Bank Closures Relative to Liquidity, Regulatory, and Reputational Risk

Students: Hannah Caccia Ariane Rouffignac Eric Shaw Faculty Advisors: Dr. Atika Benaddi Dr. Victoria Geyfman

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