Letter to Shareholders

December 17, 2013

Dear Fellow Shareholder:

Enclosed please find a fourth quarter dividend remittance of $0.18 per share. CSB continues to pay a strong dividend, with the current annual yield equating to 3.8% based on the market price of $19.00 per share at the time of this writing on December 12.

Our efforts remain focused on providing high quality financial service to the customers and communities we serve. We have implemented significant technology upgrades this year in support of that ongoing commitment to excellence and to ensuring that we remain well-positioned for further growth.

We are also pleased to report continued forward momentum in financial performance. Loan and deposit totals have again increased during 2013, and net income during each of the first three quarters of this year exceeded that of the same quarter in the prior year.

Thank you for choosing to be a shareholder of CSB. Your investment supports the Company’s capital needs, and we strive to provide meaningful value to you in return. The Company’s stock continues to be available through broker-assisted trades and the dividend reinvestment program. Additionally, holders of record of CSB stock may also acquire further shares directly through Registrar and Transfer Company each quarter. If you are interested in this voluntary purchase program during 2014, visit Registrar and Transfer Company at www.rtco.com, Dividend Plans for our Plan prospectus and enrollment forms or call Registrar and Transfer Company directly at (800) 368-5948 for further information.

On behalf of the entire CSB family, we wish you a happy and healthy holiday season and coming year.


Eddie Steiner                                                               John Waltman
President and Chief Executive Officer                    Chairman of the Board


This press release may include forward-looking statements within the meaning of Section 7A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934.  We have based these forward-looking statements on the Company’s current expectations and projections about future events.  These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about us and the Company’s affiliate companies, that may cause the Company’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements.  In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “could,” “would,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “continue,” or the negative of such terms or other similar expressions.  Factors that might cause or contribute to such a discrepancy include, but are not limited to those identified in the Company’s Securities and Exchange Commission filings, including the Company’s 2012 Annual Report on Form 10-K, filed on March 25, 2013.  The discussion should be read in conjunction with the Company’s Financial Statements and related Notes thereto included in the Company’s Form 10-K and Form 10-Q filings.

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