CITIZENS COMMUNITY BANCORP INC
8-K, 1998-06-22
STATE COMMERCIAL BANKS
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                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:  June 22, 1998



                 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                  34145
     ---------------------------------------------                  -----
       (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

     Citizens Community Bancorp, Inc. issued the following Press Release on June
22, 1998:

     Richard Storm,  Jr., Chairman of the Board of Citizens  Community  Bancorp,
Inc., announced today that the warrants associated with the issuance of original
units  consisting  of common  stock and  warrants in  Citizens'  initial  public
offering,  officially  expired at close of business on June 16, 1998. Of 670,000
outstanding  warrants,  648,739  were  exercised  by the holders  thereof  which
resulted in an  increase of the  Company's  capital of  $2,919,325.50.  Citizens
Community  Bancorp,  Inc., is the parent  company of Citizens  Community Bank of
Florida, which has offices in Marco Island and Naples, Collier County,  Florida.
Citizens'  common stock is listed on the National  Quotation  Bureau,  Inc. Pink
Sheets with the symbol "CCBI".

                                   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: June 22, 1998                        /s/ Stephen A. McLaughlin
      -------------                            ---------------------
                                               Stephen A. McLaughlin
                                               Corporate Secretary



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