Citizens State Bank Announces Positive Outlook and Community Partnership

Cadott, Wisconsin – April 2, 2025 – Citizens State Bank is pleased to announce an executive leadership change effective summer of 2024 and the positive financial performance for the fiscal year 2024. Despite challenging economic conditions and with internal leadership changes last year, the bank demonstrated resilience and growth, achieving an increase in earnings. The current focus of the bank is to create exceptional customer experiences in this new era.

President and CEO, Travis Udelhofen, commented, “Our impressive financial performance is a testament to the dedication and hard work of our team. We look forward to providing even greater service to our customers and fostering the economic growth of our community. As we strive to transform the service landscape, I am working closely with my leadership team as President/CEO to reassess and enhance our core customer service principles and our mission as a community bank. While change doesn't happen overnight, I am proud of our team's dedication to continuous improvement. To those customers who have had negative experiences in the past, I sincerely apologize and urge you to join us in this new era of excellence.”

Financial Highlights and Future Outlook:

• Total Assets: $228,445,000 representing a 9% increase from the previous year.
• Net Income: 126% growth year-over-year.
• Loan Portfolio: Expanded by 3.16% with a focus on supporting local businesses and homeowners.

As a community bank, we prioritize our core operations—meeting the loan and deposit needs of our communities. This commitment translates into a focused approach in business decisions including product design, facilities, technology enhancements, and more. By doing so, we pave a sustainable path forward, aiming to benefit our customers, community, employees, and the bank as a whole.

Community Engagement: In addition to our financial achievements, Citizens State Bank continues to invest in community initiatives in our local markets. Over the past year, we have:

• Sponsored local events and educational programs in all our local communities
• Provided partnerships with local groups and events for volunteerism
• Provided paid time to our employees to volunteer in their local communities for causes they are passionate about
• Presented and taught financial literacy and business concepts at various events

Upcoming Event: You're invited to join us for a fun-filled afternoon with our President and CEO, Travis Udelhofen! Join us for coffee, delicious treats, and lively conversation at one of our locations. These open-house style events are the perfect chance to learn more about our bank, ask questions, and share your stories. We can't wait to enjoy some fellowship and conversation with you!

For more information, please contact: Travis Udelhofen, President/CEO, Citizens State Bank at tudel@csbankcadott.com or (715) 978-0130