Citizens National Corp. to acquire Alliance Banking Co.
PAINTSVILLe - Citizens National Corporation (OTC: CZNL) and Alliance Banking Company announced on Wednesday they have entered into an agreement for Citizens to acquire all of the outstanding shares of Alliance Banking Company for cash. The transaction is subject to shareholder and regulatory approval and is expected to close before the end of the first quarter of 2016.
Through its subsidiary, Citizens National Bank of Paintsville, Citizens operates 12 offices throughout Boyd, Carter, Floyd, Greenup, Johnson, Lawrence, Magoffin and Pike Counties. At June 30, 2015, Citizens had approximately $567 million in assets and $457 million in deposits.
Chamber of Commerce announces annual award winners
|The Paintsville/Johnson County Chamber of Commerce awarded this year’s Community Service Award to the first responders of Paintsville and Johnson County for their dedication to community safety.|
By Sarah Hill
At their annual awards ceremony on Monday evening, the Paintsville/Johnson County Chamber of Commerce recognized the achievements of community members and business leaders.
Country Cottage was awarded the Small Business of the Year award. Owner Peggy Calhoun accepted the award, thanking the chamber and her employees, saying that it was a privilege to employ wonderful young ladies, who go off to college and become entrepreneurs in their own right.
BSACAP celebrates 50 years of economic opportunities
By Sarah Hill
“Community Action changes lives, embodies the spirit of hope, improves communities, and makes America a better place to live. We care about the entire community, and we are dedicated to helping people help themselves and each other.”
This is the Community Action Promise recited at every meeting of the Big Sandy Area Community Action Program (BSACAP) to remind them of their mission to improve the lives of people in our area.
Apple royalty crowned
Top Pic: Lauren McCoart (LEFT), a 12th grader at Johnson Central High School, was crowned the 2015 Miss Apple Blossom winner Saturday evening at the Johnson Central High School Fieldhouse. McCoart was also awarded the Miss Sunshine and Best Costume titles. She is the daughter of Tony and Teresa McCoart of Van Lear. Casey King (right), also a 12th grader at Johnson Central High School, is the 2015 Miss Apple Blossom Runner-up. She is the daughter of Arthur Kirk of Coatesville, Pa. and Jennifer Tackett of Paintsville.
Bottom Pic: Kelsie Pennington (RIGHT), a 7th grader at Johnson Central Middle School, was the winner of the 2015 Jr. Miss Apple Apple Blossom pageant that was held Saturday evening at the Johnson Central High School Fieldhouse. Kelley Conley (LEFT), a 6th grader at Highland Elementary, was the Jr. Miss Apple Blossom Runner-up. Pennington is the daughter of Jeff and Sherri Pennington of Flat Gap. Conley is the daughter of Kelly and Paula Conley of Oil Springs.
Fiscal Court’s Property Tax Rate increase declined
By Sarah Hill
At a special called meeting of the Johnson County Fiscal Court on Wednesday, the court did not approve the legally allowable four percent Property Tax Rate increase.
Judge/Executive R.T. “Tucker” Daniel stated, “Since this court has been here, I know of at least four occasions where we have cut the tax rate for property owners in Johnson County. I don’t know of any other county government...that has done that and we’ve said, ever since we’ve been in office, that we’re glad that we’re able to do that.” Daniel stated that during “tight economic times,” with uncertainty in the business and financial markets, that the court has worked to keep the county on good financial footing and that he wanted to “commend the court on the work they’ve done, but we’re no different than anyone else. We have the same problems with revenue that everybody else does.”