A Brief History of Citizens Community Bancorp, Inc. (CZWI)

Citizens Community Bancorp, Inc. (CZWI) is a bank holding company based in Altoona, Wisconsin. The company operates through its subsidiary, Citizens Community Federal N.A., which provides various banking products and services to individuals and businesses in Wisconsin, Minnesota, and Michigan.

The roots of Citizens Community Bancorp can be traced back to 1938 when Citizens Community Federal Savings and Loan Association was founded in Eau Claire, Wisconsin. Over the years, the institution expanded its operations and services, eventually converting to a federally chartered mutual savings bank in 2007.

In 2012, Citizens Community Bancorp completed its initial public offering and became a publicly traded company listed on the NASDAQ Capital Market under the ticker symbol CZWI. This milestone allowed the company to raise capital to support its growth and expansion strategies.

Since becoming a publicly traded company, Citizens Community Bancorp has focused on expanding its market presence through organic growth and strategic acquisitions. The company has strengthened its position in the Midwest banking market by acquiring several community banks and financial institutions.

• In 2015, Citizens Community Bancorp acquired Wells Federal Bank, expanding its footprint in Southern Minnesota.
• In 2017, the company acquired F. & M. Bancorp, Inc., further solidifying its presence in Wisconsin.
• Most recently, in 2020, Citizens Community Bancorp completed the acquisition of F&M Bank Minnesota, enhancing its market share in Minnesota.

With a rich history spanning over eight decades, Citizens Community Bancorp, Inc. continues to uphold its commitment to serving the financial needs of individuals and businesses in the communities it serves.

Who Owns Citizens Community Bancorp, Inc. (CZWI)

Citizens Community Bancorp, Inc. (CZWI) is a publicly traded company, which means that its ownership is distributed among individual and institutional investors who hold shares of the company. As of the latest available information, the largest shareholders of CZWI are institutional investors, including mutual funds and pension funds. These institutional investors often hold significant portions of the company's outstanding shares.

While individual ownership information is not readily available to the public, it is safe to assume that CZWI has a diverse base of individual investors who hold shares in the company. Individual investors may include retail investors, high net worth individuals, and company insiders.

• Institutional Investors: Institutional investors such as mutual funds and pension funds are major owners of CZWI.
• Individual Investors: CZWI likely has a diverse base of individual investors who hold shares in the company.

Citizens Community Bancorp, Inc. (CZWI) Mission Statement

At Citizens Community Bancorp, Inc. (CZWI), our mission is to build strong relationships with our customers and communities by providing personalized financial solutions and exceptional service. We are dedicated to helping individuals and businesses achieve their financial goals by offering a wide range of banking products and services that are tailored to meet their specific needs.

Our commitment to integrity, transparency, and accountability drives everything we do, from how we interact with our customers to how we manage our operations. We strive to be a trusted financial partner that our customers can rely on for all their banking needs.

Through innovation and continuous improvement, we aim to stay ahead of the curve in an ever-evolving financial landscape, ensuring that our customers have access to the latest tools and technologies to manage their finances effectively.

• Build strong relationships with customers and communities
• Provide personalized financial solutions
• Offer exceptional service
• Help individuals and businesses achieve their financial goals
• Promote integrity, transparency, and accountability
• Be a trusted financial partner
• Embrace innovation and continuous improvement

How Citizens Community Bancorp, Inc. (CZWI) Works

Citizens Community Bancorp, Inc. (CZWI) is a company that operates as a bank holding company for Citizens Community Federal N.A. This means that CZWI owns the stock of the bank and has the power to influence its operations and management.

CZWI primarily engages in traditional banking activities such as taking deposits, offering loans, and providing other financial services to individuals and small businesses in the communities it serves.

• Community Focus: One of the key aspects of how Citizens Community Bancorp, Inc. works is its strong focus on serving the needs of the local community. The company aims to provide personalized banking services that cater to the specific needs of individuals and small businesses in the areas where it operates.
• Customer Service: CZWI prides itself on offering excellent customer service to its clients. This includes providing support for various banking needs, offering financial advice, and ensuring that customers have a positive experience when interacting with the bank.
• Financial Stability: As a bank holding company, CZWI works to maintain financial stability and soundness. This involves managing risks, ensuring compliance with regulations, and making strategic decisions to sustain the long-term success of the bank.

• Interest Income: One of the primary sources of revenue for CZWI is through the interest income it earns on loans, mortgages, and other credit products that it provides to customers. The company charges interest on the funds it lends out, which generates a significant portion of its total revenue.
• Fee-Based Services: CZWI also generates revenue through fees charged for various banking services such as account maintenance fees, overdraft fees, ATM fees, and wire transfer fees. These fees can vary based on the type of service provided and the terms of the customer's account.
• Investment Income: Another way CZWI makes money is through investment income generated from its investment portfolio. The company may invest in securities, bonds, and other financial instruments to earn returns on its excess cash reserves.
• Deposit Services: CZWI also earns revenue through its deposit services, such as checking and savings accounts. While interest rates on deposits are generally low, the volume of deposits can still contribute to the company's overall revenue stream.
• Loan Origination Fees: In addition to interest income, CZWI may also earn revenue through loan origination fees charged to customers when they take out a new loan or mortgage. These fees help offset the costs associated with processing and underwriting the loan.