Citizens Republic Bancorp Business and Financial Information

Citizens Republic Bancorp was a bank holding company based in Flint, Michigan. It was founded in 1874 and was known for its community banking approach.

The company had a significant presence in the Midwest, with over 300 branches and a large network of ATMs. Its headquarters were located in Flint, Michigan.

Citizens Republic Bancorp was a publicly traded company, listed on the NASDAQ stock exchange under the ticker symbol CZRC.

Citizens Republic Bancorp has been involved in several acquisitions over the years.

One notable acquisition was Commercial Industrial Finance, which was acquired on October 27, 2022, for a valuation of $XXM.

Citizens Republic Bancorp was also acquired by FirstMerit Corp. in 2013. The acquisition was a stock-for-stock transaction valued at roughly $912 million.

The acquisition resulted in a combined company with approximately $24 billion in total assets, $15 billion in loans, $19 billion in deposits, and 415 branches, 452 ATMs, as well as more than 5,000 employees across five states.

FirstMerit Corporation announced the acquisition of Citizens' Republic Bancorp in April 2013.

The acquisition made FirstMerit the sixth-largest bank headquartered in the Midwest.

FirstMerit's footprint now spans five contiguous states: Ohio, Michigan, Wisconsin, Illinois, and Pennsylvania.

The transaction was the largest in FirstMerit's history and marked its entrance into Michigan and Wisconsin.

All former Citizens branches reopened as FirstMerit locations on April 13, 2013.

FirstMerit's expanded company employs approximately 5,000 employees.

FirstMerit offers customers more than 400 conveniently located branches and over 440 ATM locations.

The company's assets total approximately $24.5 billion as of April 12, 2013.

FirstMerit's headquarters is located in Akron, Ohio.

Citizens Republic Bancorp's financial information is publicly available through the SEC. The company's industry classification is National Commercial Banks, specifically under SIC code 6021.

As of December 31, 2012, the company's assets totaled $9,587 million.

This significant asset base indicates the company's substantial presence in the banking sector.

Citizens Republic Bancorp has made 1 investment, a line of credit in RecNation Storage as part of their Line of Credit - II on May 23, 2023.

In this section, we'll take a closer look at how to analyze financial data from the SEC. The data we're working with comes from CITIZENS REPUBLIC BANCORP, INC., a national commercial bank.

The industry classification for CITIZENS REPUBLIC BANCORP, INC. is 6021 - National Commercial Banks. This classification gives us a clear idea of the type of business they're involved in.

According to the SEC data, CITIZENS REPUBLIC BANCORP, INC. had assets of $9,587 million as of December 31, 2012.

Citizens Republic Bancorp was a bank holding company based in Flint, Michigan. It was established in 1984.

The company had a significant presence in the Midwest, with operations in Michigan, Ohio, and Wisconsin. Its headquarters was located in Flint, Michigan.

Citizens Republic Bancorp was a subsidiary of the Citizens Republic Bancorp, Inc.

Citizens Republic Bancorp has a rich history that dates back to 1871, when it was founded as Citizens National Bank at the height of Flint's lumber industry boom.

The bank's early success was marked by a loan given to William C. Durant and J. Dallas Dort in 1886, which enabled Durant to start his vehicle-manufacturing career.

Citizens Commercial & Savings Bank was formed in 1890 after the bank gave up its national charter and became a State of Michigan charter.

In 1981, Citizens formed a holding company, Citizens Banking Corporation, to acquire additional banks.

The bank continued to expand through the acquisition of Grayling State Bank and State Bank of Standish in 1984.

A year later, Citizens acquired Second National Bank of Saginaw and Second National Bank of Bay City.

David T. Dort, son of early Flint automobile pioneers, retired as the longest serving director of Citizen Banking Corp. and its Flint bank on April 10, 1988, after serving since 1966.

The bank continued to grow through the acquisition of Banc One's four Michigan Banks on February 28, 1995.

In 2006, Citizens acquired Ann Arbor-based Republic Bancorp Inc., creating the 45th largest bank-holding company in the U.S.

Citizens Republic Bancorp has a strategic partnership with Humana, a well-known healthcare company. This partnership was established on October 10, 2007.

The partnership between Citizens Republic Bancorp and Humana is a great example of how two companies can come together to offer innovative solutions. Humana's innovative approach to consumerism in healthcare pairs well with Republic Bank's knowledge of the consumer financial services market.

Citizens Republic Bancorp has a total of 1 strategic partner, which is Humana.

Our team is a diverse group of individuals with a shared passion for innovation and excellence. We have a global presence with team members from over 15 countries.

Our CEO, Rachel Lee, has been leading the company since its inception and has played a crucial role in shaping our vision and mission. She has a strong background in business and has a proven track record of success.

We have a flat organizational structure, which allows for open communication and collaboration among team members. This has enabled us to respond quickly to changing market conditions and customer needs.

Our team includes experts in various fields, including software development, marketing, and customer support. We also have a dedicated research and development team that works on new and innovative projects.

We prioritize diversity and inclusion, with a team composition that reflects the global community we serve. This diversity has been a key factor in our success, allowing us to tap into different perspectives and ideas.