Brief: Citizens Community Bancorp says closing two branch offices to streamline operating efficiencies

Citizens Community Bancorp

27/03/2017 21:00

March 27 (Reuters) - Citizens Community Bancorp Inc  CZWI.O  
- 
    * Closing two branch offices to streamline operating 
efficiencies 
    * Bank expects to incur a minimal pretax charge during 
fiscal Q3 of 2017 related to branch closures 
    * Will begin to recognize full financial benefit of 
efficiency efforts immediately in fiscal q4 of 2017 
    * Will close two offices, one located in lake Orion, 
Michigan and one in Ridgeland, Wisconsin 
    * Believe branch closures will reduce direct non-interest 
operating expenses 
 
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