UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 924, 2010

Citizens First Bancorp, Inc.

(Exact name of registrant as specified in its charter)

Delaware		0-32041		38-3573852
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification Number)


Delaware (State or other jurisdiction of incorporation)		0-32041 (Commission File Number)		38-3573852 (I.R.S. Employer Identification Number)


525 Water Street, Port Huron, Michigan (Address of principal executive offices)		48060 (Zip Code)

Registrant’s telephone number, including area code: (810) 987-8300

N/A
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):


o		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


o		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-—2(b))


o		Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 31.01,. ~~Notice~~Entry ofinto ~~Delisting or Failure to Satisfy~~ a ~~Continued~~Material ~~Listing~~Definitive ~~Rule or Standard; Transfer~~Agreement. ~~of Listing~~

~~Citizens~~ On ~~First Bancorp~~February 24, ~~Inc.~~2010 CF Bancorp (the “~~Company~~Bank”) ~~previously reported in its Form 8-K filed November~~, ~~25,~~a ~~2009~~wholly ~~that~~owned ~~its~~subsidiary ~~Board~~ of ~~Directors~~Citizens ~~instructed~~First ~~management to prepare an analysis of the alternatives to the continued listing of its common stock on the Nasdaq Global Select Market~~Bancorp, ~~including the transfer to The Nasdaq Capital Market or trading of~~ ~~the Company’s securities on the OTC Bulletin Board~~Inc. ~~Based on management’s recommendation,~~ (the “Company”) ~~thereafter~~entered ~~applied~~into ~~for~~an ~~and~~agreement ~~transferred~~with ~~from~~ the ~~NASDAQ Global~~Federal ~~Select~~Deposit ~~Market~~Insurance ~~to the NASDAQ Capital Market on December 16~~Corporation (“FDIC”), ~~2009.~~its ~~For~~principal ~~the reasons~~federal ~~described~~banking ~~below~~regulator, onand ~~February 9, 2010,~~ the ~~Board~~Michigan ofOffice ~~Directors unanimously authorized management to cause the filing~~ of aFinancial ~~Form 25~~and ~~with~~Insurance ~~the~~Regulation ~~Securities and Exchange Commission~~ (“~~SEC~~OFIR”) towhich ~~voluntarily~~requires ~~delist its common stock from~~ the ~~NASDAQ~~ ~~Capital~~Bank ~~Market. On February 12, 2010, the Company, pursuant~~ to ~~NASDAQ~~take ~~Marketplace~~certain ~~Rule 5840(j),~~measures ~~notified the NASDAQ Stock Market (“NASDAQ”) of the company’s intention~~ to ~~delist~~improve ~~from the~~its ~~NASDAQ~~safety ~~Capital~~and ~~Market~~soundness.

~~The~~ In ~~Company~~connection ~~intends~~with tothis ~~file~~agreement, athe ~~Form 25~~Bank ~~with~~stipulated to the ~~SEC~~issuance by the FDIC and ~~NASDAQ~~ onOFIR ~~February 22,~~of ~~2010~~a consent toorder ~~effect~~against the ~~voluntary~~Bank ~~delisting~~based ofon ~~its~~certain ~~common~~findings ~~stock~~ from a recent examination of the ~~NASDAQ~~Bank ~~Capital~~concluded ~~Market.~~in ~~The~~November ~~Company’s~~of ~~common~~2009 ~~stock~~and ~~will~~based beupon ~~suspended~~financial ~~from~~and ~~trading~~lending data as of ~~the~~June 30, ~~date~~2009. A copy of the Consent Order is attached as an exhibit to this Current Report on Form 25 ~~filing~~8-K. ~~with~~In entering into the ~~SEC.~~stipulation ~~The~~and ~~official~~consenting ~~delisting~~to entry of the ~~Company’s~~Consent ~~common~~Order, ~~stock~~the ~~will~~Bank bedid ~~effective ten~~not ~~days~~concede ~~thereafter,~~the findings or ~~March 4,~~admit ~~2010~~to any of the assertions therein.

~~Following~~ Among the ~~effectiveness~~corrective ofactions required are for the ~~Form 25~~Bank ~~filing~~to attain and maintain, within 90 days of the ~~Company’s~~February 24, ~~common~~2010 ~~stock~~effective ~~will~~date ~~not~~of bethe ~~eligible for~~Consent ~~trading~~Order, ona ~~any~~total ~~national~~Tier ~~exchange~~1 orcapital ratio as a percentage of the ~~OTC~~Bank’s ~~Bulletin~~total ~~Board,~~assets ~~although~~of ~~such~~at ~~securities~~least ~~may~~9%, ~~still be~~and ~~eligible~~a ~~for~~total ~~quotation~~qualifying oncapital ~~the~~ratio ~~Pink~~as ~~Sheets~~a percentage byof ~~broker~~risk-~~dealers~~weighted assets at a minimum of 12%. ~~The~~For ~~Company~~purposes ~~does~~of ~~not~~the ~~currently~~Consent Order, Tier 1 ~~intend~~capital, toqualifying ~~arrange~~total ~~for~~capital, ~~the~~total ~~listing~~assets, orand ~~quotation~~risk-weighted assets shall be calculated in accordance with Part 325 of ~~its~~the ~~securities~~FDIC onRules ~~any~~and ~~securities~~Regulations, ~~exchange~~12 ~~or quotation~~C.F.R ~~system~~Part 325.

OnUnder ~~October 9, 2009,~~ the ~~Company~~Consent ~~received notice from the NASDAQ Staff indicating that the Company was not in compliance with NASDAQ’s continued listing requirement under Marketplace Rule 5450(a)(1)~~Order, ~~which required a minimum bid price for common stock of $1.00 per share. On November 20, 2009,~~ the ~~Company~~Bank ~~received notice from the Listing Qualifications Staff of the NASDAQ Stock Market (the “Staff”) that it was not in compliance with Marketplace Rule 5450(b)(1)(C)~~agreed, ~~which~~among requires a minimum market value of publicly held shares of $5,000,000; Marketplace Rule 5450(b)(1)(A), which requires a minimum stockholders’ equity of $10,000,000; and Marketplace Rule 5250(c)(1), which requires NASDAQ listed companies to be current with respect to the filing of their periodic reports with the SEC. The Company cured each of these deficiencies, other ~~then the minimum bid price for its common stock and its failure to be current in its periodic reports with the SEC~~things, ~~by transferring from the NASDAQ Global Select Market~~ to the ~~NASDAQ Capital Market on December 16,~~following: ~~2009.~~

~~The~~(i) have and ~~decision~~retain qualified management, (ii) increase the participation of the board of directors in the affairs of the Bank, (iii) improve the Bank’s capital position, (iv) seek to ~~delist~~sell ~~from~~or merge the ~~NASDAQ~~Bank ~~Capital~~into ~~Market~~another ~~has~~insured ~~been~~financial ~~reached~~institution, (v) implement asrestrictions ~~part~~on oflending activity, (vi) reduce the ~~Company~~Bank’s classified assets, ~~overall~~(vii) maintain ~~strategy~~liquidity toratios, (viii) refrain ~~conserve~~from ~~resources~~the ~~and~~payment ~~improve~~of ~~cost-effectiveness~~any asdividends without the ~~benefits~~approval of the FDIC and OFIR, ~~maintaining~~(ix) improve management practices to assure that its allowance for loan losses is maintained at an appropriate level, (x) adopt and implement a ~~NASDAQ~~profit ~~listing~~plan ~~have~~and ~~declined~~budget, (xi) develop ~~over~~and ~~time.~~implement ~~The~~a ~~limited~~strategic ~~trading~~plan, (xi) adopt and implement a plan to manage concentrations of credit, (xiii) adopt and implement adequate internal controls for the operations of the Bank, (xiv) correct certain violations of law, (xv) comply with the Interagency Policy Statement on Internal Audit Function and its Outsourcing, and

~~volume~~(xvi) have ~~and~~procedures ~~low~~for ~~trading~~managing ~~prices on NASDAQ of~~ the ~~Company~~Bank’s ~~common~~interest ~~stock,~~rate ~~and~~risk ~~additional~~that ~~complexities and~~are ~~administrative~~consistent ~~burdens~~with ~~associated~~the ~~with~~Joint Agency ~~being~~Statement aof ~~listed~~Policy ~~security,~~on ~~outweigh~~Interest ~~the~~Rate ~~benefits~~Risk toand the ~~Company~~ ~~and~~Joint ~~its~~Supervisory ~~shareholders~~Statement ofon ~~continued~~Investment Securities ~~NASDAQ~~and ~~listing~~End-user Derivative Securities.

A In ~~copy~~addition of the ~~Company’s~~Consent ~~press~~Order ~~release~~restricts ~~describing~~ the ~~reasons~~Bank ~~for~~from ~~its~~taking ~~decision~~certain ~~and~~actions ~~details~~without the consent of the FDIC and the ~~notification~~ isOFIR, ~~attached~~including topaying ~~the~~cash ~~report~~dividends, asand ~~Exhibit 99~~from extending additional credit to certain types of borrowers.1.

Item 9 5.0102 ~~Financial~~Departure ~~Statements~~of ~~and~~Directors ~~Exhibits~~or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

~~(d)~~ On February 25, ~~Exhibits~~2010, the Registrant’s Board of Directors made a preliminary appointment of Matthew Kirst, age 47 to the position of Interim Chief Operating Officer of the Registrant. The effective date of this appointment is subject to approval by the FDIC. Mr. Kirst currently serves as a Director of QORVAL, LLC, a Naples, Florida headquartered business advisory firm which has been retained by the Registrant to assist in the assessment of its management processes, the execution of its capital restoration plan, and provide other management services. Upon approval by the FDIC, Mr. Kirst will perform the executive functions of chief operating officer in his capacity as a consultant employed by QORVAL, LLC and will not be employed directly by the Registrant. The services of Mr. Kirst will be billed to the Registrant in accordance with the terms of the Letter of Engagement executed by and between the Registrant and QORVAL, LLC on December 23, 2009, as amended or supplemented from time to time.

Exhibit No.		Description of Document
99.1		Press Release dated February 12, 2010

In his capacity as a Director of QORVAL, LLC, Mr. Kirst has over two decades of experience evaluating, structuring, and executing debt and equity investments with both U.S. and European financial institutions. Specializing in origination, analysis, structuring, portfolio management, documentation, and syndication of private equity sponsored and highly leveraged loans in a wide range of industries and countries, Mr. Kirst has been responsible for the identification and integration of a major investment banking business to a large middle market commercial finance company. He has built and managed financial services businesses specializing in equity and debt instruments.

Since the beginning of the Registrant’s last fiscal year, neither Mr. Kirst nor any member of his immediate family have been customers of, or have had transactions with, the Registrant or any of its affiliated subsidiaries which would be reportable under Item 404(a) of SEC Regulation S-K.

Item 7.01 Regulation FD Disclosure

See description in Item 1.01 above incorporated herein.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.


Exhibit No.		Description

	10.1	Consent Order by and among CF Bancorp, the Federal Deposit Insurance Corporation and the State of Michigan Office of Financial and Insurance Regulation

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: February 12, 2010	Citizens First Bancorp, Inc.
Dated: March 2, 2010		Citizens First Bancorp, Inc.
	~~/s/ Marshall J. Campbell~~	/s/ Marshall J. Campbell
	By: Marshall J. Campbell
	By:	Marshall J. Campbell
	~~Chairman, President and Chief Executive Officer~~	Chairman, President and Chief Executive Officer

EXHIBIT INDEX

Exhibit No.		Description
99.1		Press Release dated February 12, 2010

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