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Mark C. Oldenberg, CFO of Citizens Community Federal (CZWI), Interviews with The Wall Street Transcript

67 WALL STREET, New York - January 31, 2014 - The Wall Street Transcript has just published its Southeast & Midwestern Banks Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

Topics covered: Interest Rates and Loan-Growth Strategies - Regulatory Outlook Gains Clarity - Investing in Regional Banks - Heightened M&A Activity - Consolidation in Regional Banking - Increased Lending Opportunities - Heightened Banking Competition - Benefits from Higher Interest Rates

Companies include: Citizens Community Bancorp, In (CZWI) and many more.

In the following excerpt from the Southeast & Midwestern Banks Report, Mark C. Oldenberg, CFO of Citizens Community Federal (CZWI) discusses company strategy and the outlook for this vital sector:

TWST: Give us an overview of the Midwestern environment in which you operate, the economic, the cultural environment and social environment. Is the recovery underway in that part of the country?

Mr. Oldenberg: We benefited in this area from being in a more conservative part of the country, where we didn't see the big increase in economic environment during the 2000 to 2007 period, but we didn't see the big decline that came after it either. While things haven't recovered completely, we're seeing some increase in real estate values.

Business is coming back slowly. Like the rest of country, we're growing, but as not as fast as we would like. It's a conservative market, there is good growth where we are, but it's not what you're going to see on the East Coast or the West Coast.

TWST: When you look all of the trends and issues, the regulatory-related revenue impacts and expense burdens, which of these do you feel have a direct impact on what you folks are trying to do with Citizens Community Bancorp. Which of these will have a direct impact over this year and into the future?

Mr. Oldenberg: Well, certainly, changes in the regulatory environment are having an impact, the need for higher capital, the request for higher capital by the regulators. We have a good capital position, but with the new Basel III, it's difficult to know where those capital levels ultimately are going to be. Dodd-Frank certainly is adding regulatory burden, and we think we're in a good position to be able to handle those new regulations coming, but certainly it takes time to look at those regulations instead of spending time on trying to grow the business.

TWST: What types of limitations will the bank have to address in the next year or so? Will it be capital or cash, people, technology, relationships in general? What is on your list, and how will you be addressing them?

For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.