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Stock impact report

Citizens Community Bancorp, Inc. to Acquire United Bank from United Bancorporation, and Entered into Securities Purchase Agreements for a Private Placement of Preferred Stock

Citizens Community Bancorp, Inc. (CZWI) 
Last citizens community bancorp, inc. earnings: 4/28 04:00 pm Check Earnings Report
Company Research Source: GlobeNewswire
EAU CLAIRE, Wis. and OSSEO, Wis. , June 21, 2018 (GLOBE NEWSWIRE) -- Citizens Community Bancorp, Inc. (NASDAQ:CZWI) (“Citizens”), the parent company of Citizens Community Federal, N.A. (“CCFBank”), and United Bancorporation (“United”), the parent company of United Bank, today jointly announced the execution of an agreement and plan of acquisition (the “Agreement”) whereby Citizens will acquire United Bank from United Bancorporation in a cash transaction valued at approximately $50.7 million. Located in northwest Wisconsin, United Bank is a full-service community bank with branches in Osseo, Strum, Eleva, Ettrick, Eau Claire and Mondovi.  As of March 31, 2018, United Bank had $281 million in total assets.  The combined franchise is expected to strengthen the presence and capacity of Citizens in the Chippewa Valley, providing stable, low cost funding to support loan growth, while creating operating efficiencies. The board of directors of both companies approved the transaction, which Show less Read more
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