First Citrus doubles business banking staff
January 27, 2020 - First Citrus Bancorporation (OTC: FCIT), the parent company of First Citrus Bank, posted net income of $3.96 million, or $1.95 a share, for 2019. Net earnings grew 2 percent and earnings per share grew 1 percent compared to 2018, the bank said in a news release. Total assets were up 4 percent year-over-year to $419 million, loans grew 6 percent to $332 million and deposits increased 7 percent to $348 million, the news release said. “In 2019, we doubled our business banking corps, opened a new office in downtown St. Petersburg, and continued to expand our branch banking team. We will build on that momentum in 2020,” John Barrett, president and CEO of First Citrus Bank, said in the release.