CITIZENS COMMUNITY BANCORP, INC. (NASDAQ:CZWI) Files An 8-K Other EventsItem 8.01 Other Events.
On December 3, 2018, Citizens Community Federal National Association (“CCF Bank”), the wholly-owned subsidiary of Citizens Community Bancorp, Inc., issued a press release announcing that CCF Bank entered into a Purchase and Assumption Agreement with Lake Michigan Credit Union providing for the sale of CCF Bank’s Michigan branch, which is located at 310 West Tienken Road, Rochester Hills, Michigan 48306.
A copy of the related press release is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
Citizens Community Bancorp Inc. ExhibitEX-99.1 2 rochesterhillsmichiganbran.htm EXHIBIT 99.1 Exhibit CCFBank™ Agrees to Sell Michigan Branch to Lake Michigan Credit Union EAU CLAIRE,…To view the full exhibit click
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.