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Robert Beard, CEO of Aegis Capital Joins First Citrus Bancorporation, Inc. Board of Directors

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| Source: First Citrus Bank

TAMPA, Fla., Aug. 14, 2017 (GLOBE NEWSWIRE) -- First Citrus Bancorporation, Inc. (OTCPink:FCIT), the parent bank holding company for First Citrus Bank is proud to announce the appointment of Robert (Bob) Beard to the Board of Directors for First Citrus Bancorporation and First Citrus Bank.  

“Bob is an excellent addition to our Board,” said Michael Adcock, Chairman of First Citrus Bancorporation Board.  “He brings a wealth of knowledge with over thirty years of audit management and lending experience.”

Beard is a successful entrepreneur founding Aegis Business Credit and Aileron companies. His skills and expertise include asset based lending, mortgage lending, and strategic planning.

“Bob's Big Eight accounting experience, auditing financial institutions, adds another level of expertise in our Board Room,” said John M. Barrett, President and Chief Executive Officer of First Citrus Bank.  “His entrepreneurial bent towards asset-based lending and other financial lines of business inherently brings synergies to our Company as well.”

“I am honored to join First Citrus Bancorporation’s Board,” said Beard.  “First Citrus Bank’s vision is important to me; I look forward to working with the other directors and leadership to further enhance it.”

Beard has lived in the Tampa Bay area since 1972.  He received two Bachelor’s degrees in accounting and finance from Florida State University.  Beard holds an active Florida CPA license and FINRA series 27 designation, and was a member of Vistage for twelve years.

About First Citrus Bancorporation, Inc.
First Citrus Bancorporation, Inc. is a Florida corporation and the parent bank holding company for First Citrus Bank, a Florida commercial bank.  First Citrus Bancorporation, Inc. is headquartered in Tampa, Florida.  Stock trades on the OTCPink under ticker symbol “FCIT.”

About First Citrus Bank
First Citrus Bank, a $334 million commercial bank, was established in 1999 and headquartered in Tampa. Ranked as one of the Top 25 Commercial Loan Producers in the Nation by IB Independent Banker Magazine, it serves businesses and individuals through a range of tailored financial solutions designed to fit their needs.  Specializing in retail and commercial banking services, the Bank has five locations throughout Tampa Bay.

First Citrus Bank creates a more vibrant Tampa Bay through financing economic growth at the local level.  For additional information, please visit http://www.firstcitrus.com.

For more information contact: 
Sarah Perez, Marketing Manager
813.925.5864