On March 23, 2020, Citizens Community Bancorp, Inc., a Maryland corporation (the “Company”) issued a press release announcing the suspension of its stock repurchase program until further notice. The stock repurchase program was adopted on October 25, 2019 and may be suspended, terminated or modified at any time for any reason.

A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

99.1 Press Release dated March 23, 2020.

Citizens Community Bancorp Inc. Exhibit
EX-99.1 2 ex991suspendbuyback.htm EXHIBIT 99.1 Exhibit Exhibit 99.1Citizens Community Bancorp,…
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About CITIZENS COMMUNITY BANCORP, INC. (NASDAQ:CZWI)

Citizens Community Bancorp, Inc. is a bank holding company of Citizens Community Federal N.A. (the Bank). The Company is engaged in consumer, small commercial and agricultural banking activities, through the Bank. As of September 30, 2015, it had approximately $460 million in deposits. Through all of its branch locations, in Wisconsin, Minnesota and Michigan, the Bank provides a range of commercial and consumer banking products and services to customers, including online and mobile banking options. It offers a range of loans, such as commercial loans, agricultural loans and residential mortgages. Its Investment portfolio consists of securities available for sale and securities held to maturity. Its primary sources of funds are deposits; amortization, prepayments and maturities of outstanding loans; other short-term investments, and funds provided from operations. As of September 30, 2015, its total gross outstanding loans before net deferred loan costs were approximately $448,100.