John L. Lewis, President and CEO of First Citizens Financial Corporation
Announces $10 Million Recapitalization Effort Complete
May 6, 2016 – John L. Lewis, President and CEO of First Citizens Financial Corporation and its banking subsidiary, Foothills Community Bank, announced today the recapitalization effort to raise $10 Million of common stock reached its successful completion. “On behalf of the Foothills Community Bank team I am pleased to announce the successful completion of our $10 Million recapitalization initiative. We are grateful for the strong show of support from investors and the community.” He further added, “Regulatory approval to break escrow was received on May 3, 2016 and our management team is already employing this capital to grow the bank in a sound and profitable manner.”
Foothills Community Bank is a true community bank with bankers who live and participate in the communities the bank serves. Foothills Community Bank has two full service offices located at 70 Carlisle Road in Dawsonville and 5835 Bethelview Road in Cumming.
“We are eager to demonstrate our appreciation to our shareholders, clients and community by growing a strong and healthy bank. We promise to work hard every day to deliver on that commitment,” said Mr. Lewis.
Donnelly Penman & Partners acted as exclusive sales agent to First Citizens Financial Corporation, with Troutman Sanders LLP and Nelson Mullins Riley & Scarborough, LLP acting as legal counsel.