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): ~~January~~February 299, 2010

Citizens First Bancorp, Inc.

(Exact name of registrant as specified in its charter)

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

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


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 2~~Item 3.~~02:~~01, ~~Results~~Notice of ~~Operations~~Delisting ~~and~~or ~~Financial~~Failure ~~Condition~~to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

Citizens First Bancorp, Inc.. ( the “Company”) previously reported ain ~~preliminary~~its ~~net~~Form ~~loss~~8-K ~~for~~filed November, 25, 2009 that its Board of Directors instructed management to prepare an analysis of the ~~year~~alternatives ~~ended~~to the continued listing of its common stock on the Nasdaq ~~December 31~~Global Select Market, ~~2009~~including the transfer to The Nasdaq Capital Market or trading of the ~~$124~~Company’s securities on the OTC Bulletin Board.~~0 million~~ Based on management’s recommendation, orthe ~~($15~~Company thereafter applied for and transferred from the NASDAQ Global Select Market to the NASDAQ Capital Market on December 16, 2009.~~26)~~ ~~per~~For ~~diluted~~the reasons ~~share~~described below, ~~compared~~on ~~with~~February 9, a2010, ~~net~~the ~~loss~~Board of Directors ~~$58.4~~ unanimously authorized management to cause the filing of a Form ~~million,~~25 with orthe Securities and Exchange Commission (~~$7.29~~“SEC”) ~~per~~to ~~diluted~~voluntarily ~~share,~~delist ~~for~~its common stock from the NASDAQ ~~year~~Capital ~~ended~~Market. ~~December~~On February 3112, ~~2008~~2010, the Company, pursuant to NASDAQ Marketplace Rule 5840(j), notified the NASDAQ Stock Market (“NASDAQ”) of the company’s intention to delist from the NASDAQ Capital Market.

~~Due~~The toCompany ~~continued~~intends ~~concerns~~to ~~about~~file ~~loan~~a ~~quality,~~Form 25 with the ~~Company~~SEC ~~recorded~~and NASDAQ aon ~~preliminary~~February 22, ~~provision~~2010 ~~for~~to ~~loan losses~~effect ofthe ~~$26.8 million~~voluntary ~~for~~delisting ~~the~~of ~~fourth~~its ~~quarter~~common ~~ended~~stock ~~December 31,~~from ~~2009,~~the ~~compared~~NASDAQ Capital ~~with $3~~Market.~~4 million during~~ ~~the~~The ~~same~~Company’s ~~period~~common ofstock ~~2008.~~will ~~For~~be ~~the~~suspended ~~year~~from ~~ended~~trading ~~December 31,~~as ~~2009,~~of the ~~preliminary~~date ~~provision~~of the ~~stood~~Form 25 atfiling ~~$93~~with the SEC.~~5 million~~ ~~compared~~The toofficial ~~$36.2 million~~delisting ~~for~~of the ~~year~~Company’s ~~ended~~common ~~December~~stock will be effective ten days thereafter, or March 314, ~~2008~~2010.

AsFollowing athe ~~direct~~effectiveness ~~result~~ of the ~~Company’s~~Form 25 ~~ongoing troubled condition~~filing, the Company’s ~~noninterest~~common ~~expense has~~stock ~~also~~will ~~continued~~not tobe ~~rise.~~eligible for ~~Noninterest~~trading ~~expense~~on ~~increased~~any ~~primarily~~national ~~due~~exchange toor ~~costs associated with~~ the ~~Company’s~~OTC ~~nonperforming~~Bulletin ~~assets~~Board, ~~including~~although ~~preliminary~~such ~~charges~~securities ofmay ~~$932,000~~still be ~~and~~eligible ~~$7.6 million~~ for ~~the~~ ~~three~~quotation ~~and~~on ~~twelve months ended December 31, 2009, respectively, compared with $3.4 and $6.5 million during~~ the ~~same~~Pink ~~periods~~Sheets inby ~~2008~~broker-dealers. ~~FDIC~~The ~~insurance,~~Company ~~increased~~does bynot ~~$1.6 million and $6.6~~currently ~~million,~~intend ~~respectively, compared~~ to ~~the~~arrange ~~three~~for ~~and twelve months ended December 31, 2008. Additionally,~~ the ~~Company~~listing ~~has~~or ~~experienced~~quotation ~~increases~~of in its ~~expenses~~securities ~~associated~~on ~~with~~any ~~regulatory compliance~~securities ~~and~~exchange ~~audits,~~or quotation ~~as well as legal and consulting fees~~system.

AsOn ~~reported~~October 9, 2009, the Company received notice from the NASDAQ Staff indicating that the Company was not in ~~its~~compliance ~~amended~~with ~~September 30~~NASDAQ’s continued listing requirement under Marketplace Rule 5450(a)(1), which required a minimum bid price for common stock of $1.00 per share. On November 20, 2009, ~~Report~~the Company received notice from the Listing Qualifications Staff of ~~Condition~~the ~~and~~NASDAQ ~~Income~~Stock Market (~~“Call~~the ~~Report~~“Staff”) ~~filed on~~that ~~January~~it was not in compliance with Marketplace Rule 5450(b)(1)(C), which requires a minimum market value of publicly held shares of $5,000,000; ~~2010~~Marketplace Rule 5450(b)(1)(A), ~~the~~which requires ~~Company~~a minimum stockholders’s ~~subsidiary~~equity of $10,000,000; CFand ~~Bancorp~~Marketplace Rule 5250(~~the “Bank”~~c)(1), ~~had~~which requires aNASDAQ ~~Tier~~listed 1companies ~~Leverage~~to ~~Ratio~~ be current with respect to the filing of 1their periodic reports with the SEC.~~64%~~ asThe Company cured each of ~~September 30~~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, by transferring from the NASDAQ Global Select Market to the NASDAQ Capital Market on December 16, 2009.

AsThe ~~reported~~decision into ~~its~~delist ~~December 31,~~from ~~2009~~the ~~CALL~~NASDAQ ~~Report~~Capital ~~filed~~Market ~~January 29,~~has ~~2010,~~been ~~the~~reached ~~Bank~~as ~~had~~part of the ~~following~~Company’s ~~capital~~overall ~~ratios~~strategy to conserve resources and improve cost-effectiveness as the benefits of maintaining ~~such~~a ~~date:~~NASDAQ listing have declined over time. The limited trading

Total Risk Based Capital Ratio	0.57	%
Tier 1 Risk-Based Capital Ratio	0.28	%
Tier 1 Leverage Ratio	0.23	%

volume and low trading prices on NASDAQ of the Company’s common stock, and additional complexities and administrative burdens associated with being a listed security, outweigh the benefits to the Company and its shareholders of continued NASDAQ listing.

~~The~~A ~~Company~~copy ~~remains~~of ~~unable~~the toCompany’s ~~file~~press ~~its~~release ~~Form~~describing ~~10-Q for~~ the ~~period~~reasons ~~ended~~for ~~September 30,~~its ~~2009~~decision and ~~unable to~~details ~~file~~of ~~its~~the notification ~~restated~~is ~~Form~~attached ~~10-Q~~to ~~for~~ the ~~period~~report ~~ended~~as ~~June~~Exhibit ~~30, 2009~~99. ~~The Company will complete these filings as soon as practicable~~1.

~~Regulatory~~Item 9.01 ~~Developments~~Financial Statements and Exhibits.

~~The Bank is presently operating under the terms of an informal memorandum of understanding~~ (~~the “MOU”~~d) ~~with the Federal Deposit Insurance Corporation (the “FDIC”) and the State of Michigan Office~~Exhibits of Financial and Insurance Regulation (“OFIR”). The Bank is in violation of its capital commitments under the MOU. Due to the continued deterioration of the Bank’s capital position and the increasing asset quality problems of the Bank, the Company expects the FDIC and OFIR to pursue formal enforcement action, in the form of a consent order (the “Consent Order”), against the Bank in the immediate future. The Company expects such Consent Order to require the Bank to take action to bring its capital ratios to a level significantly in excess of the nominal levels required for a bank to be considered well capitalized under applicable bank regulatory capital regulations as well as to take actions to materially reduce the Bank’s level of non-performing assets and otherwise correct deficiencies in the operation of the Bank. Further, the Company expects that the Consent Order will require the Bank to submit a capital plan, profit plan and merger plan to the FDIC and OFIR to restore the Bank’s capital level to an acceptable level, or to merge or sell the Bank with or to another financial institution.

On December 11, 2009, management determined that an additional material charge of approximately $8 million was required for other-than-temporary impairment of its collateralized mortgage obligations being held in the investment portfolio. The impairment was related to the quarter ended September 30, 2009. On December 17, 2009 the Company filed a Form 8-K to report this impairment.


Exhibit No.		Description of Document

99.1		Press Release dated February 12, 2010

As a consequence of the financial results reported in its amended September 30, 2009 Call Report filed on January 5, 2010, the FDIC notified the Bank by letter dated January 7, 2010, that it was “critically undercapitalized” within the meaning of the Federal Deposit Insurance Act (“FDI Act”) prompt corrective action (“PCA”) capital requirements (12 U.S.C. § 1831o), and directed the Bank to submit, as required by laws and regulations, a Capital Restoration Plan (“CRP”) to the FDIC by February 18, 2010. In addition, the FDIC directed the Bank in its January 7, 2010 letter to provide the FDIC with a summary of the specific steps to be taken by management to comply with the mandatory restrictions imposed upon the Bank due to its status as a critically undercapitalized institution as required under Section 38 of the FDI Act and the FDIC’s regulations.

Under the FDI Act, depository institutions that are “critically undercapitalized” must be placed into conservatorship or receivership within 90 days of becoming critically undercapitalized, unless the institution’s primary Federal regulatory authority (here, the FDIC) determines and documents that “other action” would better achieve the purposes of PCA. If such a determination is made that such other action would better achieve the purposes of PCA and such a depository institution remains critically undercapitalized during the last quarter ending one year after the institution became critically undercapitalized, the appropriate Federal banking agency must appoint a receiver for that

institution unless it and the FDIC affirmatively can determine that, among other things, the institution has positive net worth and the agencies can certify that the depository institution is viable and not expected to fail.

The Company and the Bank are diligently continuing to work with their financial and professional advisers in seeking qualified sources of outside capital, and in achieving compliance with the requirements of the MOU and the expected formal Consent Order. There can be no assurance that the Company will be successful in obtaining outside additional capital within the time frames required by PCA. The Company and the Bank continue to consult with the FDIC and OFIR on a regular basis concerning the Company’s and Bank’s proposals to obtain outside capital and/or liquidate the Bank’s assets, and to develop action plans that will be acceptable to Federal regulatory authorities, but there can be no assurance that these actions will be successful, or that even if one or more of the Company’s and Bank’s proposals are accepted by the Company’s and Bank’s Federal regulators, that these proposals will be successfully implemented.

The preliminary consolidated balance sheets and statements of income are attached as Exhibit 99.

ITEM 7.01:

On February 4, 2010, the Company issued its results of operations and financial condition for and as of, respectively, the fiscal periods ended December 31, 2009, unaudited. The information is furnished as Exhibit No. 99.1 and incorporated herein by reference.

ITEM 9.01: Financial Statements and Exhibits

(d) Exhibits *

Exhibit No.		Description
99.1		Preliminary Consolidated Balance Sheets and Statements of Income*

* Exhibits furnished pursuant to Item 2.02, are not deemed filed in accordance with Item 9.01.

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 4, 2010	Citizens First Bancorp, Inc.
Dated: February 12, 2010	Citizens First Bancorp, Inc.
	By:	/s/ Marshall J. Campbell
	/s/ Marshall J. Campbell
		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		Preliminary Consolidated Balance Sheets and Statements of Income*
99.1		Press Release dated February 12, 2010

* Exhibits furnished pursuant to Item 2.02, are not deemed filed in accordance with Item 9.01.

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