Citizens Community Bancorp, Inc. Announces Board Changes
October 03, 2017 at 10:08 am EDT
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On September 28, 2017, Timothy A. Nettesheim provided notice to Citizens Community Bancorp, Inc. of his decision to resign from the Board of Directors effective as of January 1, 2018. Mr. Nettesheim also provided notice of his decision to resign as Vice-Chairman of the Board of Directors and as a member the Audit Committee effective as of October 1, 2017, and resign as a member of the Credit Committee effective as of December 31, 2017. Mr. Nettesheim informed the Company that his decision to resign from the Board of Directors was to allow him to devote greater time to his professional and other business endeavors. On September 28, 2017, the Board of Directors of the company increased the size of the Board of Directors from seven Directors to eight and elected Francis E. Felber to the Board of Directors as a Class II Director, effective immediately. Mr. Felber was also appointed to serve on the Credit Committee of the Board of Directors. As a Class II Director, Mr. Felber will serve until the company’s 2020 annual shareholders meeting.
Citizens Community Bancorp, Inc. is a bank holding company for Citizens Community Federal N.A. (the Bank). The Bank is a federally chartered national bank serving customers in Wisconsin and Minnesota. Its primary markets include the Chippewa Valley Region in Wisconsin, the Twin Cities and Mankato markets in Minnesota, and various rural communities around these areas. The Bank offers traditional community banking services to businesses, agricultural operators and consumers, including one-to-four family residential mortgages. The Bank offers a variety of loan products including commercial real estate loans, commercial and industrial (C&I) loans, agricultural real estate loans, agricultural operating loans, residential mortgages, home equity lines-of-credit and consumer loans. It maintains a portfolio of investments, consisting primarily of mortgage-backed securities, asset-backed securities, United States Government sponsored agency securities and corporate debt securities.
CITIZENS COMMUNITY BANCORP, INC. 
