EAU CLAIRE, Wis.--(BUSINESS WIRE)--
Citizens Community Bancorp, Inc., (NASDAQ: CZWI), the holding company
for Citizens Community Federal, today announced that pursuant to board
of director's approval, the Company will enter
into a pre-arranged stock trading plan on November 14, 2008, to
repurchase shares of its common stock through a brokerage agreement with
Keefe, Bruyette & Woods (KBW).
Through the agreement with KBW, Citizens may purchase up to 627,825
shares of its common stock on the open market from time to time through
May 5, 2009, at prevailing prices, subject to market conditions and
other factors. These shares are included in the 12 percent, or 749,520
shares, repurchase previously authorized by the Company's
board of directors.
About Citizens Community Bancorp, Inc.
Citizens Community Bancorp, Inc., based in Eau Claire, Wisconsin, is the
holding company for Citizens Community Federal, a federal savings
association operating 20 full-service banking offices in Wisconsin,
Minnesota and Michigan. Please visit us online at www.citizenscommunityfederal.net.
Except for historical information contained herein, the matters
contained in this news release and other information in the Company's
SEC filings, may express "forward looking
statements" within the meaning of the Private
Securities Litigation Reform Act of 1995 that involve risks and
uncertainties, including statements that are other than statements of
historical facts. The risks and uncertainties that may affect the
operations, performance, development, growth projections and results of
the Company's business include, but are not
limited to, the growth of the economy, interest rate movements, timely
development by the Company of technology enhancements for its products
and operating systems, the impact of the Company to successfully
integrate acquired companies, Congressional legislation, changes in
regulatory or generally accepted accounting principles and similar
matters. Readers are cautioned not to place undue reliance on
forward-looking statements that are subject to influence by the named
risk factors and unanticipated future events. Actual results,
accordingly, may differ materially from management expectations.
Citizens Community does not undertake, and specifically disclaims, any
obligation to publicly release the results of any revisions which may be
made to any forward-looking statements to reflect the occurrence of
anticipated and unanticipated events or circumstances after the date of
such statements.
Source: Citizens Community Bancorp, Inc.
Contact: Citizens Community Bancorp, Inc.
John Zettler, 715 836-9994 x109
Senior Vice President and Chief Financial Officer