Citizens Bancshares Corporation, the parent company of Citizens Trust Bank, announced today its annual dividend on common stock of $0.08 per share, payable on April 30, 2015 to shareholders of record as of the close of business on April 15, 2015.

Cynthia N. Day, President and Chief Executive Officer, stated, “Through the focused and diligent efforts of our team, 2014 was another successful year in our continuing journey of delivering value to our shareholders. We are pleased to report that the Company’s operations, competitive posture, and foundation for growth are all stronger today than a year ago. We saw meaningful growth in key components of our balance sheet and continued growth in earnings through improvement in asset quality and prudent expense management. As a result, we are pleased to be able to continue to provide our shareholders a return on their investment through this dividend declaration.  We thank them for their continued support of Citizens Bancshares Corporation and appreciate the trust they have placed in us.”