Citizens Community Bank Announces Branch Expansion

SOUTH HILL, Va., Aug. 2 /PRNewswire-FirstCall/ -- Citizens CommunityBank (OTC Bulletin Board: CZYB) continues to expand its footprint in theLake Country area of Virginia and North Carolina by breaking ground for itsfifth branch location in Roanoke Rapids, NC and adding a new, permanentfacility in Gasburg, Va. A ground-breaking ceremony was held July 18, 2007, at 778 Old Farm Roadin Roanoke Rapids, N.C. for the Bank's fifth branch location. Scheduled toopen in the second quarter of 2008, the new facility will haveapproximately 6000 square feet with three drive-through lanes. "This is anexciting time for our staff, Board, and shareholders," says Tom Manson,president and CEO. "The bank's recent expansion into the North Carolinamarket in December 2006 has afforded us the business contacts and customersupport necessary to offer our distinctive 'banking with a personal touch'to more of the Lake Country area along the I-95 corridor in northern NorthCarolina." The bank also celebrated the addition of a permanent facility inGasburg, Va., on June 29, 2007. This 1,600 square-foot facility with a pairof drive-through lanes is located at 4200 Gasburg Road and replaces a muchsmaller, leased facility adjacent to the Post Office across the street. Atthe Grand Re-opening celebration, Bank President and CEO Manson stated, "Weare excited about the hard work of our staff, Board and Advisory Board inmaking this day a reality." The new facility is open weekdays from 9:00a.m.to 5:00 p.m. and Saturday from 9:00 a.m. until noon. Citizens Community Bank is a Virginia state chartered bankheadquartered in South Hill, Va. Opened in December 1999, it operatesadditional branches in Boydton and Gasburg, Va., as well as its newestbranch in Gaston, NC, all serving the Lake Country Area of Virginia andNorth Carolina. An additional North Carolina branch in Roanoke Rapids iscurrently under construction. For more information, click onhttp://www.ccbsite.com. This press release contains "forward-looking statements" that concernfuture events which are subject to risks and uncertainties. Any suchstatements are based on certain assumptions and analyses by the Bank andother factors it believes are appropriate in the circumstances. The Bank'sactual results, events and developments may differ materially from thosecontemplated by any forward-looking statement.