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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report May 30, 1996
CITIZENS COMMUNITY BANCORP, INC.
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(Exact Name of Registrant as Specified in Charter)
Florida 65-0614044
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(State of other jurisdiction) (IRS Employer Identification No.)
33-98090
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(Commission File Number)
1112 1/2 N. Collier Boulevard, Marco Island, Florida 33937
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(Address of Principal Executive Offices) (Zip Code)
(941) 389-1800
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(Registrant's Telephone Number, Including Area Code)
N/A
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(Former Name or Former Address, if Changed Since Last Report)
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ORIGINAL
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Item 5. Other Events
On May 16, 1996 Dennis D. Essing resigned as a Director of Citizens
Community Bancorp, Inc. ("Company"), and resigned as Director, President and
Chief Executive Officer of the Company's wholly owned subsidiary Citizens
Community Bank of Florida ("Bank"). Mr. Essing did not provide the Company with
a letter indicating any disagreement with the Company on any matter relating to
the Company's operations, policies or practices.
On May 16, 1996 the Board of Directors of the Bank appointed W.T. Upson as
interim president of the Bank and Joel M. Cox, Sr. interim Chief Executive
Officer. The Board has requested the Florida Department of Banking and Finance
and the Federal Deposit Insurance Corporation to issue a no objection letter
with regard to both appointments. Responses to these requests are expected no
later than June 16, 1996. Mr. Upson currently serves as a director and president
of the Company and a Director of the Bank. Mr. Cox currently serves as Vice-
Chairman of the Company's Board and Chairman of the Bank's Board.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CITIZENS COMMUNITY BANCORP, INC.
Date: May 31, 1996 /s/RICHARD STORM, JR.
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Richard Storm, Jr.
Chairman of the Board and Chief
Executive Officer
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