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Citizens Holding Company Announces Sale and Leaseback Transaction
CIZNCitizens Holding(CIZN) Businesswire·2024-01-23 05:15

PHILADELPHIA, Miss.--(BUSINESS WIRE)--Citizens Holding Company (the “Company”) (OTCQX:CIZN), the holding company for The Citizens Bank of Philadelphia (the “Bank”), today announced it has executed an agreement for sale-leaseback of 3 of its currently owned properties. The properties will be sold for an aggregate cash purchase price of approximately $11 million. The Company expects to realize a pre-tax gain of approximately $4.5 million (after transaction-related expenses). The transaction closed on January ...