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Become a part of the Citizens Business Bank winning team of professionals and enjoy many of these benefits.
Citizens Business Bank is committed to developing the most capable and professional people in the financial services industry.
Our superior people are our most valuable asset. Our team of superior people have been developed by attaching highly skilled and talented people to our organization and then providing them with the best training in the industry.
We are a learning and training company. We believe that constant improvement is critical to meet and beat the competition in the increasingly competitive financial services industry.
The purpose of the 401(k) plan is to provide associates an additional option to build for retirement income. Associates are eligible to begin participation in the 401(k) plan immediately upon date of hire with an entry date the first of the calendar month coinciding with or next following first of the month of employment. Participants may elect to defer from 1% to 100% of their salary into different funds. In addition, "direct rollover" contributions from a previous qualified plan will be accepted prior to enrollment in the Plan. For additional information on this plan, please contact the Human Resources Department.
Associates become participants after 6 months of employment with quarterly entry dates of January, April, July and October. At the end of each Plan Year, the Bank will make a contribution on behalf of all eligible associates whether or not they made elective contributions for the plan year. This contribution will be equal to 3% of an associate’s eligible compensation for the year. This contribution will be 100% vested. Associates who enter the plan during the year will receive 3% of their eligible compensation from their entry date through year end.
PROFIT SHARING PLAN
The Bank provides a discretionary profit sharing contribution to eligible associates based on profits at year end. Associates become participants on January 1st or July 1st following the completion of one (1) year of service. A minimum of 1000 hours must be worked in each plan year to qualify for the profit sharing contribution. For additional information on this plan, please contact the Human Resources Department.
“A little over 17 years ago, I came to work for Citizens Business Bank. It has been a wonderful...”
- Krista Walker
17 -year associate