Randall E. Black, CEO and President of Citizens Financial Services, Inc. and First Citizens Community Bank, was recently elected to the Pennsylvania Bankers Association Board of Directors as second vice president.
Black will serve on the PA Bankers Personnel Committee and its Budget and Finance Audit Committee, and attend banking industry and state bankers association meetings across the United States. , representing the PA Bankers Association at various events.
Black was elected to the position at the 2022 PA Bankers convention on May 13. He officially became second vice president on July 1 and will continue to serve as the association’s leader for the next four years. He is a long-time supporter of the PA Bankers Association, having served as Past President of their Group 4 District, two terms on the PA Bankers Board of Directors and a member of their Agricultural Committee. Black will help oversee the association’s strategic direction, policies, professional development offerings, member services and advocacy efforts.
Black assumed the role of CEO and President of First Citizens Community Bank in 2004, and under his leadership the company has grown significantly.
Assets reached $2.2 billion, with the operation of 31 branches in three states. In June 2022, Citizens Financial Services, Inc. (Nasdaq: CZFS), the holding company of First Citizens Community Bank, announced that The Nasdaq Stock Market LLC (“Nasdaq”) had approved the transfer of the company’s common stock to Nasdaq Capital Market. . This type of growth is not possible without consistent and reliable financial performance. For the past 14 years, First Citizens Community Bank has been ranked among the nation’s top performing community banks by various organizations that measure bank performance, including the American Bankers Association.
In addition to these financial milestones, when Black assumed leadership of the company, the Bank’s footprint was primarily in the northern part of Pennsylvania. They have since grown to operate offices in Lebanon, Lancaster and Schuylkill counties through the acquisition of First National Bank of Fredericksburg in 2015, expanded into downtown State College and entered on the Delaware market with the acquisition of MidCoast Community Bank in April of 2020. This summer, FCCB plans to open its 32nd office in Ephrata, PA, and its 33rd office in the Greenville, DE market.
Black is a member of the Penn State University Board of Trustees. Under his leadership, First Citizens Community Bank expanded and strengthened its agricultural engagement. First Citizens is currently one of the best agricultural lenders in the country.
Black is also a Class A Trustee of the Federal Reserve Bank of Philadelphia. As such, he assists the Board of Directors in overseeing the operations of the Federal Reserve Bank of Philadelphia, offering observations on economic conditions, and setting the Bank’s discount rate. He supports local communities as a member of the Betterment Organization of Mansfield, the Fund for Northern Tier Development and the Northern Tier Grow Ag Committee.
Black joined First Citizens in 1993 and prior to being named CEO and Chairman of First Citizens he served as Chief Financial Officer. He received a master’s degree in banking from the Graduate School of Banking at Louisiana State University and a BS from Bloomsburg University. Black is also a graduate of the American Bankers Association School of Bank Investment and Financial Management.
The PA Bankers Association brings together financial institutions and bankers to learn, grow, serve and engage with their peers, communities and legislators. The Association is a strong advocate for pro-banking policies at the state and federal level, and provides valuable educational opportunities to its member banks.
First Citizens Community Bank is headquartered in Mansfield, Pennsylvania. They currently operate 31 offices in Tioga, Bradford, Potter, Clinton, Center, Union, Lebanon, Lancaster, Schuylkill, Berks, and Chester counties in Pennsylvania, Allegany County in New York, and New Castle and Kent counties in Delaware.