---
schema_version: "secwatch.filing_event.v1"
accession: "0001367859-22-000079"
form_type: "8-K"
ticker: "CZWI"
cik: "0001367859"
company_name: "Citizens Community Bancorp Inc."
filed_at: "2022-03-14T23:59:59+00:00"
generated_at: "2026-06-26T23:07:28.582074+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Citizens Community Bancorp issues $35M subordinated notes at 4.75% fixed rate, Tier 2 capital treatment

## Summary
- Issued $35M aggregate principal of 4.75% fixed-to-floating subordinated notes due 2032.
- Fixed rate of 4.75% through March 2027; thereafter SOFR plus 329 bps, paid quarterly.
- Notes qualify as Tier 2 regulatory capital, subject to limitations.
- Dividend and stock repurchase restrictions apply during an event of default under the note agreement.
- Co-placement agents: Janney Montgomery Scott and Hovde Group.

## SEC filing metadata
- accession: 0001367859-22-000079
- form_type: 8-K
- ticker: CZWI
- cik: 0001367859
- company_name: Citizens Community Bancorp Inc.
- filed_at: 2022-03-14T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1367859/000136785922000079/0001367859-22-000079-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1367859/000136785922000079/czwi-20220311.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001367859-22-000079
- JSON: https://secwatch.observer/filing/0001367859-22-000079.json
- Plain text: https://secwatch.observer/filing/0001367859-22-000079.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.