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Citizens Community Bank Elects New Chairman, Vice-Chairman

 

May 16 - The Citizens Community Bank board of directors has elected Alfred D. "Denny" Hardee as chairman, succeeding organizing chairman, Raymond T. Arnold. Norman D. Wagstaff Jr. was also elected to serve as vice-chairman.

"I am certain Mr. Hardee will lead our board in the strategic direction which maximizes the success of CCB," said President and CEO James R. Black. "On behalf of the management team and all our associates, I thank Mr. Arnold for his service on the board and for his leadership throughout the years as our chairman."

Hardee, 58, has served as a director since the bank's inception in 1998. He was elected in 2011 to serve as vice-chairman of the board of directors, and has served as a member of the board's Executive Committee, Audit Committee, Personnel Committee and Corporate Governance Committee.

A 2000 graduate of the Community Bankers Director College, and a 2012 graduate of the ICBA Bank Director's University, Hardee is the retired owner of Hardee Ford, now managed by sons Shaun and Chris. He has been a member of the Community Memorial Healthcenter Board of Trustees for 11 years, two of those as chairman, and currently serves as vice-chair. His commitment to the hospital is unwavering and has been underscored with participation in two capital campaigns. The first resulted in a Cancer and Rehabilitation Center, and the second is currently supporting the construction of a radiation therapy center and surgical tower.

"I am truly honored to have been chosen by the board of directors to serve as their chairman. I look forward to leading the board in enhancing the value and contributions to our shareholders, customers and community," said Hardee. "I am extremely excited about the board and management team we now have in place. We have the best around, and are well positioned to lead CCB into the future. The future is exciting for CCB and I am proud and honored to be part of this organization."

One of the original stockholders of CCB, newly elected Vice-Chairman Norman D. Wagstaff Jr. currently serves on the Executive Committee, ALCO Committee, Personnel Committee and Corporate Governance Committee at CCB.

Wagstaff is passionate about the future of CCB and believes that serving on the board of directors is both a privilege and honor. He strives to represent shareholders while working together with a dedicated board, officers and staff to make CCB extraordinary. In support of that effort, he completed Bank Director's College in 2008 and ICBA Bank Director's University in 2012.

He currently owns and serves as president of three thriving local businesses including Wagstaff Construction Services Inc.; Trottinridge Commercial Properties LLC; and Wagstaff Angus established over 60 years ago by his father. He is active in his community, having served as past president of Lake Country Rotary Club. Currently, he serves on the board of the Lake Country Home Builders Association where he also was a charter member and past president. Wagstaff is a member of the Paul Harris Society, Community Memorial Health Center Cornerstone Society and serves on the Advisory Board for Patrick Henry Boys and Girls Plantation.

About CCB
Citizens Community Bank opened in December 1999 as a Virginia state-chartered bank. Headquartered in South Hill, Va., CCB operates three additional branches in south central Virginia plus a branch and loan office in northern North Carolina. For more information and additional financial data, please visit www.ccbsite.com.



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