Citizens First Bancorp, Inc. Announces the Completion of Stock Repurchase Program.

PORT HURON, Mich. -- Citizens First Bancorp, Inc. (the "Company")(NASDAQ:CTZN), the holding company for Citizens First Savings Bank, Port Huron, Michigan, announced that it has completed the repurchase of 428,701 shares, or 5% of its outstanding common stock, at an average price of $20.73 per share. This marks the completion of the third repurchase of shares since the initial public offering of Citizens First Bancorp, Inc. common stock. The Company has repurchased a total of 1,381,427 shares since March 2001. Upon completion of the third repurchase program, the Company had 8,223,968 shares outstanding.

Citizens First Bancorp, Inc., through its subsidiary Citizens First Savings Bank, currently serves its customers from 24 full service-banking centers and 1 loan production office in St. Clair, Sanilac, Huron, Lapeer, Macomb and Oakland counties.

Statements contained in this news release may be forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of such words as "intend," "believe," "expect," "anticipate," "should," "planned," "estimated," and "potential." Such forward-looking statements are based on current expectations, but may differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, factors discussed in documents filed by the Company with the Securities and Exchange Commission from time to time, which are incorporated into this press release by reference. Other factors which could have a material adverse effect on the operations of the Company and its subsidiaries include, but are not limited to, changes in interest rates, general economic conditions, legislative and regulatory changes, monetary and fiscal policies of the U.S. Government, including policies of the U.S. Treasury and the Federal Reserve Board, the quality and composition of the loan or investment portfolios, demand for loan products, deposit flows, competition, demand for financial services in the Bank's market area, changes in relevant accounting principles and guidelines and other factors over which management has no control. The forward-looking statements are made as of the date of this release, and the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements.