mlive.com: Citizens Republic Bancorp Inc. to be sold to Ohio bank
Flint-based Citizens Republic Bancorp Inc. and Akron, Ohio-based FirstMerit Corp. have entered into a definitive agreement under which FirstMerit will acquire Citizens in a stock-for-stock transaction, according to a report on MLive.com.
The deal has a total value of approximately $912 million.
Citizens had reportedly been searching for buyers earlier this year.
According to the FDIC, the bank ranked 11th in 2011 market share among Washtenaw County banks.