ELKINS — Citizens Bank of West Virginia, the banking subsidiary of Citizens Financial Corp. (OTCID: CIWV), has successfully completed its previously announced acquisition of Miners & Merchants Bank, expanding its footprint in West Virginia and marking the bank’s entry into Maryland. The transaction was finalized after the close of business on March 20, 2026.

As a result of the acquisition, the former Miners & Merchants Bank locations in Thomas and Bayard, West Virginia, and Oakland, Maryland, have officially opened as Citizens Bank this morning.

“This acquisition represents an important step forward for Citizens Bank and the communities we serve,” said Nathaniel S. Bonnell, President & CEO. “We are pleased to welcome customers and employees of Miners & Merchants Bank into the Citizens family. This expansion allows us to deliver an enhanced suite of products, services, and technology while continuing the personalized, community‒focused banking experience that has been central to the mission of both Citizens and Miners for more than a century.”

With the acquisition complete, Citizens Bank now has more than $765 million in assts and serves communities through nine financial centers located in Elkins, Bayard, Beverly, Buckhannon, New Martinsville, Parsons, Snowshoe, and Thomas, West Virginia, as well as Oakland, Maryland. Citizens offers a wide range of integrated financial services, including retail and commercial banking, wealth management, and mortgage services.

Citizens Bank is 5‒Star rated and ranked among the strongest banks in the nation by Bauer Financial–the nation’s leading independent banking rating firm. The bank is also recognized as one of West Virginia’s Top 10 Performing Banks by the prestigious Bank Performance Report. Citizens is ranked 22nd on American Banker’s list of the Best Banks to Work For and has received numerous regional honors, including WV Living’s Best Corporate Citizen; The Inter‒Mountain’s People’s Choice awards for Best Bank, Mortgage Lender, Customer Service, and Employer; and The Record Delta’s Best Place to Work and Mortgage Provider. Additionally, Citizens Bank has been named among American Banker’s Top Performing Publicly Traded Community Banks under $2 billion in assets and recognized by Newsweek’s America’s Best Banks list as the Best Small Bank in West Virginia. The bank has also been named SBA West Virginia Community Lender of the Year and ranked No. 9 nationally by the Independent Community Bankers of America in the consumer/mortgage category for banks with $300M-$1B in assets.

Learn more about Citizens Bank at www.citizenswv.com.