Citizens Community Bancorp Inc. Announces Redemption of Subordinated Notes

Strategic Insights -

Citizens Community Bancorp Inc., a community bank holding company based in Wisconsin, has filed a current report with the U.S. Securities and Exchange Commission announcing the redemption of its 6.00% fixed-to-floating rate subordinated notes due September 1, 2030. The notes were issued in the principal amount of $15 million in 2020, and the redemption date is scheduled for September 1, 2025. This decision was made by the company's Board of Directors on July 7, 2025, and follows a previous disclosure in August 2020.

Key Takeaways:

  • The company has approved the redemption of the entire principal balance of the subordinated notes, totaling $15 million, plus accrued and unpaid interest.
  • The redemption date is set for September 1, 2025, and the company has authorized management to provide notice of the redemption to the noteholders.
  • The company has a history of issuing and selling subordinated notes to raise capital, with the last issue being in 2020.
  • Citizens Community Bancorp Inc. has a community bank business model, with operations primarily based in Wisconsin.
  • The company's decision to redeem the notes is influenced by various market and economic factors, including inflation, geopolitical tensions, and interest rate risks.

Statistics:

  • The principal amount of the subordinated notes being redeemed is $15 million.
  • The redemption date is September 1, 2025.
  • The notes were issued in 2020 with a principal amount of $15 million.
  • The company has a market capitalization of approximately $200 million (based on the latest available data).
  • The company has a history of issuing subordinated notes, with the last issue being in 2020.

Sources:

  • UNITED STATES SECURITIES AND EXCHANGE COMMISSION, FORM 8-K, filed July 9, 2025.
  • "Risk Factors" section in the Company's Form 10-K, for the year ended December 31, 2024, filed with the SEC on March 13, 2025.