UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported)      July 20, 2007       

CITIZENS COMMUNITY BANCORP, INC.
(Exact name of Registrant as specified in its Charter)


Maryland
001-33003
Applied For
(State or other jurisdiction
of incorporation)		(Commission File No.)(IRS Employer
Identification
Number)

2174 EastRidge Center, Eau Claire, Wisconsin
54701
(Address of principal executive offices)(Zip Code)

Registrant's telephone number, including area code: (715) 836-9994

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Item 8.01.  Other Events

             On July 20, 2007, the Registrant issued a press release announcing a quarterly dividend of 5 cents per share. A copy of the press release is attached as Exhibit 99 to this Current Report on Form 8-K and incorporated by reference herein.


Item 9.01  Financial Statements and Exhibits


             (d)      The following exhibit is filed as part of this report.

                        Exhibit 99        Press release dated July 20, 2007











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SIGNATURES

            Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized.

  CITIZENS COMMUNITY BANCORP
 
 
 
 		  
Date:   July 31, 2007 By: /s/ John D. Zettler
      John D. Zettler
      Chief Financial Officer







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EXHIBIT INDEX



Exhibit Number
Description
99     Press Release, dated July 20, 2007

















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