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Board of Governors of the Federal Reserve System
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Press Release

Federal Reserve Press Release

Release Date: March 1, 2007

For immediate release

The Federal Reserve Board on Thursday announced its approval of the proposal by Community Bankshares, Inc., Greenwood Village, to acquire Citizens Financial Corporation and its subsidiary bank, The Citizens State Bank of Cortez, both of Cortez, all in Colorado.

Attached is the Board's Order relating to this action.

Attachment (527 KB PDF)

Last update: March 1, 2007