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 21, 2005      


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


Maryland
000-50585
20-0663325
(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))

NEXT PAGE


Item 1.01.  Entry Into a Material Definitive Agreement

         On July 21, 2005, the Board of Directors of the Registrant awarded a discretionary cash bonus to James G. Cooley, President of the Registrant, in the amount of $20,000. This award was in recognition of the successful completion of the acquisition of Community Plus and the operating results of the Registrant year to date.

Item 8.01.  Other Events

         On July 22, 2005, the Registrant issued a press release announcing its quarterly dividend. 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


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

                     Exhibit 99        Press Release dated July 22, 2005






















2
NEXT PAGE







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 26, 2005By: /s/ John D. Zettler
      John D. Zettler
      Chief Financial Officer


























3
NEXT PAGE





EXHIBIT INDEX



Exhibit Number
Description
99    Press Release, dated July 22, 2005


























4
END