secwatch.observer — SEC 8-K summary
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Issuer:     Citizens Community Bancorp Inc. (CZWI)
CIK:        0001367859
Form:       8-K
Filed at:   2022-03-14T23:59:59+00:00
Accession:  0001367859-22-000079
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1367859/000136785922000079/0001367859-22-000079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1367859/000136785922000079/czwi-20220311.htm
  HTML page:      https://secwatch.observer/filing/0001367859-22-000079

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer