M&A Deal Summary

Citizens Bank Acquires Republic Bancorp

On December 29, 2006, Citizens Bank acquired financial services company Republic Bancorp

Acquisition Highlights

This is Citizens Bank’s 1st transaction in the Financial Services sector.
This is Citizens Bank’s 1st transaction in the United States.
This is Citizens Bank’s 1st transaction in Michigan.

M&A Deal Summary
Date	2006-12-29
Target	Republic Bancorp
Sector	Financial Services
Buyer(s)	Citizens Bank
Deal Type	Add-on Acquisition

Target

Republic Bancorp

Owosso, Michigan, United States

Republic Bancorp, Inc. operates as the holding company for Republic Bank, which provides various banking products and services.

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Buyer(S) 1

Buyer

Citizens Bank

Elizabethton, Tennessee, United States

Category	Company
Founded	1934
Sector	Financial Services

DESCRIPTION

Citizens Bank is a provider of banking services for commercial and individuals.

DEAL STATS	#
Overall	1 of 1
Sector (Financial Services)	1 of 1
Type (Add-on Acquisition)	1 of 1
State (Michigan)	1 of 1
Country (United States)	1 of 1
Year (2006)	1 of 1