The Federal Reserve Board has released Citizens Community Bancorp (CZWI) in Eau Claire, Wis., from an enforcement action.
The $535 million-asset company said Friday that the Fed terminated a December 2009 memorandum of understanding. Citizens Community also announced that its board had authorized it to pay an annual dividend of 2 cents a share, payable on April 18.
The termination was effective March 15.
In January, the Office of the Comptroller of the Currency