Qorval Assists Citizens First Bancorp, Inc.
Qorval Assists Citizens First Bancorp, Inc.
January 19, 2010
Citizens First, a $1.7 billion asset bank in Port Huron, Michigan, has retained Qorval to assist in its operational and financial restructuring efforts. According to Tim May, Qorval Managing Partner in charge of the engagement, "We look forward to participating with all the constituencies in helping with some of these very difficult economic issues surrounding the nation's community banks. As we all know, the banking industry itself continues to go through an unprecedented reshuffling of regulatory oversight and adverse economic forces as well as regulatory pressures both at the state and federal level."