CITIZENS COMMUNITY BANCORP INC
8-K, 2000-05-26
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 (date of earliest event reported): May 2, 2000



                        CITIZENS COMMUNITY BANCORP, INC.

             (Exact name of registrant as specified in its charter)




          Florida                       33-98090                 65-0614044
- ----------------------------    --------------------------    ----------------
(State or other jurisdiction      Commission File Number      (I.R.S. Employer
    of incorporation)                                        Identification No.)




                             650 East Elkcam Circle
                           Marco Island, Florida 34145
                     -----------------------------------
                    (address of principal executive offices)
                  Registrant's telephone number: (941) 389-1800

<PAGE>


ITEM 5.  Other Events

         On April 12, 2000,  the common stock for  Citizens  Community  Bancorp,
Inc. was approved for trading on the Nasdaq  SmallCap  Market System.  The stock
began  trading on April 26, 2000 at 12:08 P.M.  The stock price is quoted  under
the symbol "CCBI" and was previously  listed on the  Over-the-Counter  Bulleting
Board with its stock price quoted on the National  Quotation  Bureau,  Inc. Pink
Sheets. The press release is attached as Exhibit 1.

         The following is a list of investment banking firms that have agreed to
make a market for CCBI's common stock:

         Advest, Inc.                              Michael Acampora
         15310 Amerly Drive, Suite 220             Toll Free - 1-877-979-4200
         Tampa, FL  33647

         Allen Ewing & Co.                         Benjamin C. Bishop
         50 North Laura Street, Suite 3625         Toll Free - 1-800-766-7601
         Jacksonville, FL  32202

         McDonald Investments                      Charles B. Shaw
         3777 Tamiami Trail North, Suite 300       Toll Free - 1-800-627-5373
         Naples, FL  34103

         Trident Securities                        Sadler Stukes
         The Pinnacle, Suite 650                   Toll Free - 1-800-340-6321
         3455 Peachtree Road, N.E.
         Atlanta, GA  30326

         Pursuant  to the  requirements  of the  Securities  Act  of  1934,  the
registrant  has duly  caused  the  report  to be  signed  on its  behalf  by the
undersigned hereunto duly authorized.

Date:    May 2, 2000

                                     Citizens Community Bancorp, Inc.
                                     (Registrant)

                                     By:    /S/ Gregory E. Smith

                                            Gregory E. Smith
                                            President & Chief Financial Officer
<PAGE>

                                  PRESS RELEASE

Marco Island,  Florida,  Thursday,  April 27, 2000 - Citizens Community Bancorp,
Inc.  (www.ccbancorpfl.com)  announced  it has been  advised by The Nasdaq Stock
Market,  Inc.  that the Company's  shares began trading  yesterday on the Nasdaq
SmallCap  Market System.  The stock symbol will remain as "CCBI".  The stock had
been previously trading on the National Quotation Bureau, Inc. Pink Sheets.

CCBI  reported  consolidated  net  earnings for the three months ended March 31,
2000 of $253,000 compared to $87,000 for the same three months of 1999. "We have
had success in building  virtually  every aspect of our core  business  over the
past year" said  Gregory E.  Smith,  President  and Chief  Financial  Officer of
Citizens Community Bancorp, Inc.




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