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.

The $581 million-asset holding company for Citizens Community Federal NA said in a press release Monday that Edward Schaefer will step down from his leadership positions at the company and the bank, as well as resign from the bank's board, on July 29.

Schaefer, who became president and CEO in 2009, is moving forward "with other opportunities," the release said.

Schaefer will assist in creating a special committee to manage the transition and search for a new CEO. Jon Bruss, the CEO and managing principal of Fortress Partners Capital Management in Heartland, Wis., was hired to help find an interim CEO and candidates for the permanent position.

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