Andrew Schornack and Group Increase Stake in Citizens Community Bancorp to 9.1%

Andrew David Schornack, along with a group of reporting persons including Gale Hoese, David Schornack, and others, filed Amendment No. 2 to their Schedule 13D for Citizens Community Bancorp, Inc. (CZWI) on July 8, 2026. The filing reveals that the group has increased its collective ownership to 878,472.49 shares of common stock, representing 9.1% of the company, up from a previous 7.5%. The increase was driven by a series of open-market purchases conducted between July 2 and July 7, 2026. Notable transactions include Gale Hoese purchasing over 140,000 shares at prices ranging from $23.18 to $23.77, and Noah Retka acquiring 273,379 shares on July 6 at $23.20 per share. Other group members, including Jonathan Hoese and Joseph Schornack, also contributed to the accumulation. The reporting persons are deemed a group for filing purposes, with Gale Hoese holding the largest individual stake of 700,000 shares. The funds for these acquisitions were derived from personal resources.