Item 1.02. Termination of a Material Definitive Agreement.
On February 28, 2008, Citizens First Bancorp, Inc. (the "Company") executed a Stock Purchase Agreement (the "Purchase Agreement") with Auto Club Insurance Association, Auto Club Services, Inc. (collectively, the "Auto Club Group") and Auto Club Trust, FSB ("Auto Club Trust") providing for the Company's acquisition from the Auto Club Group of one hundred percent of the capital stock of Auto Club Trust (the "Acquisition"). A current report on Form 8-K announcing the execution of the Purchase Agreement and describing the material terms thereof was filed with the Commission on March 5, 2008, and a copy of the Purchase Agreement was furnished as Exhibit 2 to that Form 8-K.
The Purchase Agreement contained certain termination rights for both the Company and Auto Club Group. Consistent therewith, on June 9, 2009 the Company notified the Auto Club Group and Auto Club Trust of the Company's formal withdrawal on June 8, 2009 of its application with the Office of Thrift Supervision (the "OTS"). The application was originally filed by the Company on June 26, 2008 to request prior authorization from the OTS for the Acquisition.
Forward Looking Statements This current report may contain "forward-looking statements" within the meaning of, and pursuant to, the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified as such because the context of the statement will include words such as "believes," "anticipates" or "expects," or words of similar import. Such forward-looking statements are subject to certain risks and uncertainties which could cause actual results to differ materially from those currently anticipated. Forward-looking statements, which are made in good faith, are based upon numerous assumptions, some of which may be specifically described with respect to a particular statement.

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