First Citizens Banc Corp. (FCBC) is a financial holding company. Though its subsidiaries, the Company is engaged in the business of community banking. The subsidiaries of the Company are The Citizens Banking Company (Citizens), SCC Resources Inc. (SCC), First Citizen Insurance Agency Inc (Insurance Agency), Water Street Properties (Water St.), Champaign Investment Company (CIC) and First Citizens Investments, Inc (FCI). Citizens is an insured bank under the Federal Deposit Insurance Act. SCC provides item-processing services for financial institutions, including Citizens, and other nonrelated entities. Insurance Agency was formed to allow the Company to participate in commission revenue generated through its third party insurance agreement. Water St. was formed to hold properties repossessed by FCBC subsidiaries. CIC is licensed as a fully disclosed broker and dealer in securities. FCI was formed as a wholly owned subsidiary of Citizens to hold and manage its securities portfolio. The company was founded in 1884 and is based in Sandusky, Ohio.
In January the company announced that it was participating in the Treasury Department’s Capital Purchase Program. Under the program the company received $23.2 million in exchange for preferred stock.
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Bailout Bank Bio: First Citizens Banc Corp
Federal Equity Investment |
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Total Revenue |
$72.1 million (2008) |
Net Income |
$39 million (2008) |
Number of Employees |
300 (subsidiary companies) |
Corporate Headquarters |
Sandusky, Ohio |
Business Sector |
Bank |
Officers and Directors |
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Corporate Website |
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Executive Compensation |
First Citizens TARP Filing 8-k
2008 First Citzens BancCorp 10-k (Annual Report)
2009-01-26 first citizens banc 8k
2008-09-30 first citizens banc 10q
2008 first citizens banc proxy
2007 first citizens banc annual report
No federal contracts located.
No lobbying reports located.
Center for Responsive Politics
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Last Updated May 18, 2009
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