- --------------------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
------------------------
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report October 23, 1997
CITIZENS COMMUNITY BANCORP, INC.
--------------------------------------------------
(Exact Name of Registrant as Specified in Charter)
Florida 65-0614044
------- ----------
(State or other jurisdiction) (IRS Employer Identification No.)
000-22547
---------
(Commission File Number)
650 East Elkcam Circle, Marco Island, Florida 34146
- --------------------------------------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
(941) 389-1800
-----------------------------------------------------------------------
(Registrant's Telephone Number, Including Area Code)
- --------------------------------------------------------------------------------
(Former Name or Former Address, if Changed Since Last Report)
- --------------------------------------------------------------------------------
<PAGE>
Item 5. Other Events
At its regularly scheduled board meeting held on Tuesday, October 21,
1997, the Board of Directors of Citizens Community Bancorp, Inc., the parent
company of Citizens Community Bank of Florida, approved a two (2) for one (1)
split of the common stock of Citizens Community Bancorp, Inc., payable to
shareholders of record on November 28, 1997. The new shares will be delivered to
shareholders on December 15, 1997.
Additionally, the Board amended the Company's 1995 Warrant Plan to
account for the stock split. As a result of the amendment, warrant holders will
be entitled to purchase one share of the Company's common stock for a purchase
price of $4.50 per share for each warrant held.
Citizens Community Bancorp's common stock is listed with the
symbol"CCBI" on the NASDAQ pink sheets. For further information contact Steve
McLaughlin, Treasurer at (941) 389-1800, or visit our web site at
www.ccbank.com.
Citizens Community Bancorp is a one bank holding company and its
subsidiary, Citizens Community Bank of Florida, which opened for business in
March of 1996, is a state chartered commercial bank with locations in Marco
Island and Naples, Florida.
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: October 23, 1997 /s/ Stephen A. McLaughlin
---------------- ----------------------------
Stephen A. McLaughlin
Corporate Secretary
<PAGE>
