Tracy L Dodson Dorothy Thomas Broncos are BC Holiday Tourney champs Lady Warriors win 3rd straight BC Holiday Tournament Jays take two in Pepsi Classic Lady Jays cap off Pepsi Classic with victory over St. Patrick Michael N Davis Alan P Johnson Paul Nevels James L Ballein Top ten stories of 2017 Chamber discusses plans for 2018 Marcy’s Country Kitchen holiday gifts Lawrence J Reynolds Chester L Sininger John E Wilson Lewis recognized by EHS Athletic Dept. Western Brown wrestling team tops Tigers in regular season dual Broncos even at 3-3 Lady Rockets blast past CCP, fall to Bethel-Tate Angela L Shuler John C Otten Shop With a Cop 2017 Teen charged with multiple rapes G’Town Council plans to raise water rates Rita Tarvin Rocket win streak reaches five G-Men ascend to 4-0 in SBAAC National Division with win at Williamsburg Jays soar to 3-1 with win at North Adams Young Lady Jays improving as season progresses Mary J Yockey Callie J Maynard Windle Blanton Daisy D Nevels Regional disaster drill held Jacob honored Sardinia joins new fire district County pays 10K in Varnau attorney fees Gast’s three-point shower drowns the Tigers Lady Rockets capture wins over Ripley, Batavia Keplinger signs with Shawnee State Warriors down the Devils, fall to the Greyhounds Broncos edge out Williamsburg, 53-50 Carol S Newman John E Short $200M Solar Farm discussed Adult education continues to grow at Southern Hills Georgetown 2017 Christmas parade Donald C Vance John C Morris Rebecca E Simpon Hot start sets pace for Broncos’ 85-40 win over CNE G-Men get off to 1-1 start Lady Rockets start off season with tough string of road games Basketball Special: 2017-18 Katherine J Wolfe Virginia J Germann Rev Commadora Manning Mona K Kirker Anderson pleads guilty Mt. Orab Christmas Parade Senior Playground now open Unemployment rate up slightly in October Bonita Planck Carol J Wagner Christopher O Richey Sr Five new members to enter WBHS Athletic Hall of Fame Blue Jays ready to soar under Woodward Fischer named to OPSWA All-Ohio First Team of football all-stars High school girls’ hoop action kicks off in Brown County Man charged with killing grandson Orscheln holds grand opening in Mt. Orab New joint Fire & EMS District discussed Dale G Ferriel John E Slack Nicholas A Arthur Bonnie J Roush Charles E Faul Phyllis A Mills Carl L Watson Marc W Bolce Robert R Moore Robert K King June R Williams William T Ishmael Sr Deborah J Napier High school hoop action begins Fayetteville SAY Girls Wing Soccer Team finishes season among state’s Final Four Devils visit Georgetown for OHSAA Foundation Games Grandfather charged in boy’s death Reward for Stykes info doubles Veterans honored at Western Brown Wenstrup to run for re-election Shop With A Cop Donation Kenneth M McKinley Vilvens signs with Mount St. Joseph SBAAC awards girls tennis all-stars Layman inducted into Miami University Athletic Hall of Fame SBAAC hands out awards to First Team girls’ soccer all-stars John D Marks

Aberdeen branch of CDB closes

Citizens Deposit Bank closed their branch in Aberdeen on Saturday, June 13, due to poor financial returns at the location.

The Aberdeen branch of Citizens Deposit Bank closed its doors on Saturday, June 13 for good.

The branch closed along with one in South Webster, Ohio, as the bank decided to focus its resources more on its Maysville, Ky., and Ripley branches.

“It was just so small,” Citizens Deposit Bank and Trust Chief Financial Officer Karen Ravencraft told The Ripley Bee. “It just didn’t generate enough business to justify (keeping it open). The fact that we had branches close by, one in Maysville and one in Ripley, it just didn’t have enough activity and it hadn’t been growing.”

The closing of the bank at 130 Stivers Road marks the end of the more than 45 years for the building serving the citizens of Aberdeen as a bank. While it has gone through many names, the bank, first opened in 1970, served as a branch for Citizens National Bank and Integra Bank before becoming Citizens Deposit Bank in 2011, according to the Brown County GIS.

According to information provided by the Brown County Auditor’s Office through a public records request, the property where the branch once operated sold on June 1 for $175,000 to Beverly Hills Inn LA Inc., which operates a hotel facility next door to the former bank location.

Beverly Hills Inn LA owner Annette Applegate was unavailable for comment as of press time.

Ravencraft said since the closing, one of the two staff members from the Aberdeen branch had transferred to the Maysville branch, while the other staff member was seeking new employment.

In the days leading up to the closing, Ravencraft said the branch sent out messages to customers, alerting them of the upcoming change.

“We informed customers by mail and anyone else associated with the branch,” she said. “We made visits to the commercial customers. We notified the safe deposit box people. I think we gave them a free safe deposit box for another year (at a nearby branch).”

Ravencraft said the Ripley and Maysville branches weren’t in danger of closing. She also said the decision to close the branches came from the bank’s board of directors and higher management.

A new branch is expected to open this August in Florence, Ky.

Citizens Deposit Bank is headquartered in Vanceburg, Ky., located in Lewis County along the Ohio River.

Leave a Reply

Your email address will not be published. Required fields are marked *

2016 News Democrat