1
Subsidiaries
The Company has one subsidiary, First Citizens National Bank, Dyersburg,
Tennessee. The Company is the sole shareholder of the Bank. First Citizens
National Bank is a National Bank organized under the authority of the
Comptroller of the Currency.
On January 28, 1985, First Citizens Financial Plus, Inc. was chartered in
the State of Tennessee as a wholly-owned subsidiary of First Citizens
National Bank for the purpose of providing investment advisory service to
the community. The Corporation's registration with the Securities and
Exchange Commission as an investment advisor was effective February 21,
1985.
On December 19, 1988 First Citizens Financial Plus, Inc. received
notification from the National Association of Securities Dealers that the
Company's registration as a broker/dealer was effective. As a result, in
addition to being an investment advisor, the Company is now a full service
introducing broker/dealer.
On August 19, 1996, Delta Finance, Inc. was chartered in the State of
Tennessee as a wholly-owned subsidiary of First Citizens National Bank for
the purpose of providing consumer financial services to the community.
Delta Finance will operate as an Industrial Loan and Thrift Company
pursuant to Tennessee Code Annotated Section 45-5-101 and to acquire by
purchase, lease or otherwise, and to hold, operate, manage, develop,
encumber and otherwise deal with any and all kinds of real and personal
property and to engage in any business not prohibited by law under the
laws of Tennessee; and to do any and all things necessary or incidental in
the operation of such business or businesses. A branch office was opened
September 21, 1998 in Milan, Tennessee.
On February 9, 1998, White and Associates/First Citizens Insurance, LLC
was chartered in the State of Tennessee as a Limited Liability Company of
Dyersburg Insurance Agency and First Citizens Insurance Interim Inc. for
the purpose of providing general insurance services to the community.