EAU CLAIRE, Wis.--(BUSINESS WIRE)--
Citizens Community Bancorp, Inc., (NASDAQ: CZWI), the holding company
for Citizens Community Federal, said today that it has completed its
stock repurchase program that was announced on Nov. 5, 2008. Under the
program the Company repurchased 749,520 shares, which represented
approximately 12 percent of Citizens' outstanding shares. This amount
included 2 percent the Company had remaining on its previously announced
May 5, 2008, repurchase program.
About Citizens Community Bancorp, Inc.
Citizens Community Bancorp, Inc., based in Eau Claire, Wis., is the
holding company for Citizens Community Federal, a federal savings
association operating 21 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