EXHIBIT 99.1

                 CITIZENS HOLDING COMPANY ANNOUNCES ACQUISITION

PHILADELPHIA, Miss.--(BUSINESS WIRE)--January 22, 2002--Citizens Holding Company
(Amex:CIZ) today announced that it has signed a Letter of Intent to acquire CB&T
Capital Corp. and Citizens Bank and Trust Company of Louisville, Mississippi in
a cash transaction.  The purchase price to be paid by Citizens Holding Company
is tied to the book value of CB&T Capital Corp. at the end of the month
immediately preceding the effective date of the acquisition.  As of September
30, 2001, Citizens Bank & Trust had assets of approximately $70.2 million.  The
acquisition, if completed, will increase the assets of Citizens Holding Company
to approximately $495 million.

Chairman of the Board Steve Webb stated, "The acquisition of CB&T and Citizens
Bank and Trust will allow us to expand into this area of East Central
Mississippi that we believe has potential.  Expanding our service area to the
north is something that we have considered for some time and we feel that this
acquisition is the best way to accomplish this.  We look forward to continuing
to serve the people of Winston County with high quality banking products and
services."

The acquisition is subject to approval by bank regulatory authorities and may
require approval of the shareholders of the CB&T Capital Corp. depending on the
final structure for the transaction. The transaction will be completed promptly
after the receipt of all required approvals.

Citizens Holding Company is a one-bank holding company and the parent company of
The Citizens Bank of Philadelphia, both headquartered in Philadelphia,
Mississippi. The Bank has sixteen banking locations in seven counties in East
Central Mississippi.  In addition to full service commercial banking, the
Company offers mortgage loans, title insurance services through its subsidiary,
Title Services, LLC, and a full range of Internet banking services including
online banking, bill pay and cash management services for businesses.  Internet
services are available at the Bank web site, www.thecitizensbankphila.com.
Citizens Holding Company stock is listed on the American Stock Exchange and is
traded under the symbol CIZ.  The Company's transfer agent is American Stock
Transfer & Trust Company.


Contact:

Citizens Holding Company, Philadelphia
Robert T. Smith, 601/656-4692
Rsmith@netdoor.com