By David R. Corder | Daily Sun Specialty Editor | February 25, 2021
Citizens First Bank, The Villages hometown community bank, experienced a 26.3% year-over-year increase in assets to $3.11 billion during the fourth-quarter 2020. Depos its grew by 28.8% to $2.55 billion. Two reasons account for the gain, said Lindsey Blaise, bank president and CEO.
"The Villages community continues to thrive. which is the primary driver of our growth. We also were fortunate to help several local business access the Small Business Administration Paycheck Protection Program. As we helped those businesses, we began to develop and strengthen our relationships with the business community, and that led to additional deposit growth."