FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Friedman Martin S.
2. Date of Event Requiring Statement (MM/DD/YYYY)
11/9/2021 

3. Issuer Name and Ticker or Trading Symbol

Citizens Community Bancorp Inc. [CZWI]
(Last)        (First)        (Middle)

C/O FJ CAPITAL MANAGEMENT LLC, 7901 JONES BRANCH DR. SUITE 210
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                          ___X___ 10% Owner
_____ Officer (give title below)        _____ Other (specify below)
(Street)

MCLEAN, VA 22102      

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed(MM/DD/YYYY)
11/15/2021 

6. Individual or Joint/Group Filing(Check Applicable Line)

_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 951594 I See footnote (1)(2)(3)
Common Stock 105955 D (4) 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares

Explanation of Responses:
(1) On November 8, 2021, the issuer filed their 10k and FJ Capital Management LLC ("FJ Capital") discovered that the Issuer had completed stock repurchase(s) which resulted in FJ Capital exceeding the 10% ownership threshold. (Continued in footnote 2)
(2) (footnote 1 continued) Martin S. Friedman (the "Reporting Person") is the managing member of FJ Capital, which is the managing member of and investment adviser to Financial Opportunity Fund LLC ("FOF"), Financial Hybrid Opportunity Fund LLC ("FHOF"), and Financial Hybrid Opportunity SPV 1 LLC ("HSPV") (FOF, FHOF and HSPV, collectively, the "Funds"), each of which beneficially owns shares of the common stock of the Issuer (the "Shares"). FOF holds 267,687 Shares (ii) FHOF holds 275,217 Shares, and (iii) HSPV holds 408,690 Shares. (Continued in footnote 3)
(3) (footnote 1 continued) The Reporting Person, in his capacity as Managing Member of FJ Capital, has voting and dispositive power over the Shares held by the Funds. The Reporting Person disclaims beneficial ownership of the Shares reported herein, and this report shall not be deemed an admission of beneficial ownership of such Shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
(4) The Reporting Person beneficially owns 105,955 Shares.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Friedman Martin S.
C/O FJ CAPITAL MANAGEMENT LLC
7901 JONES BRANCH DR. SUITE 210
MCLEAN, VA 22102

X


Signatures
Martin Friedman11/15/2021
**Signature of Reporting PersonDate

Citizens Community Bancorp (NASDAQ:CZWI)
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