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Citizens South Banking Corporation - Company Profile Snapshot

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Company Profile: Citizens South Banking Corporation
Ticker: CSBC
Exchanges: NAS
2009 Sales: n/a
Major Industry: Financial
Sub Industry: Savings & Loan
Country: UNITED STATES
Employees: 164

Business Description
Citizens South Banking Corporation. The Group's principal activity is to provide FDIC-insured deposits to local customers through its 15 branch offices. It invests the deposits, together with funds generated from operations and borrowings, in residential and nonresidential real estate loans, construction loans, commercial business loans, consumer loans, investment securities, and mortgage-backed securities. The Group also acts as a broker in both the origination of loans secured by one-to-four family dwellings and in the sale of uninsured financial products. As of 31-Dec-2008, it has 15 full-service branch offices in the North Carolina Counties of Gaston, Union, Rowan, and Iredell and two loan production offices located in Mecklenburg County, North Carolina, and York County, South Carolina.

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