Citizens Community Bancorp in Eau Claire, Wis., has hired an investment bank to help it explore strategic options.
The $602 million-asset company said in a press release Friday that FIG Partners will help it evaluate ways to maximize shareholder value. While Citizens did not name specific options, investment banks can help with anything ranging from raising capital to selling a company.
"The company has not made a decision at this time to pursue any specific transaction or any other strategic option," the release said.
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Citizens Community Bancorp in Eau Claire, Wis., is searching for a new leader after its president and chief executive announced plans to resign this summer.
May 23 -
A number of banks have faced pressure from shareholders to ditch plurality voting, where directors can keep their seats even if they fail to receive majority support from investors.
May 26
Citizens disclosed in May that Edward Schaefer would
