Citizens Holding Company is a one-bank holding company that holds 97.52% of The Citizens Bank of Philadelphia, Mississippi (the Bank). The Company, through the Bank, is engaged in various commercial and personal banking activities, including accepting demand deposits, savings and time deposit accounts; making secured and unsecured loans; issuing letters of credit; originating mortgage loans, and providing personal and corporate trust services. It also provides certain services that are closely related to commercial banking, such as credit life insurance and title insurance for its loan customers. Citizens Holdings market area consists principally of Neshoba, Newton, Leake, Scott, Attala, Lauderdale, Winston and Kemper counties in Mississippi. It operates from its main office in downtown Philadelphia and from 18 additional branches in Neshoba, Newton, Leake, Scott, Attala, Lauderdale, Winston and Kemper counties.