M&A Deal Summary

FirstMerit Acquires Citizens Republic Bancorp

On April 12, 2013, FirstMerit acquired financial services company Citizens Republic Bancorp

Acquisition Highlights
  • This is FirstMerit’s 3rd transaction in the Financial Services sector.
  • This is FirstMerit’s 3rd transaction in the United States.
  • This is FirstMerit’s 1st transaction in Michigan.

M&A Deal Summary
Date 2013-04-12
Target Citizens Republic Bancorp
Sector Financial Services
Buyer(s) FirstMerit
Deal Type Add-on Acquisition

Target

Citizens Republic Bancorp

Flint, Michigan, United States
Citizens Republic Bancorp, Inc., is a financial services company providing a wide range of commercial, consumer, mortgage banking, trust and financial planning services to a broad client base.

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Buyer(S) 1

Buyer

FirstMerit

Akron, Ohio, United States
Category Company
Founded 1855
Sector Financial Services
Employees3,949
Revenue 1.1B USD (2015)
DESCRIPTION

FirstMerit Corporation is a diversified financial services company headquartered in Akron, Ohio, with assets of approximately $25.5 billion as of December 31, 2015, and 366 banking offices and 400 ATM locations in Ohio, Michigan, Wisconsin, Illinois and Pennsylvania. FirstMerit provides a complete range of banking and other financial services to consumers and businesses through its core operations. Principal affiliates include: FirstMerit Bank, N.A. and FirstMerit Mortgage Corporation.

DEAL STATS #
Overall 3 of 3
Sector (Financial Services) 3 of 3
Type (Add-on Acquisition) 1 of 1
State (Michigan) 1 of 1
Country (United States) 3 of 3
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-14 Midwest Bank and Trust Company

Elmwood Park, Illinois, United States

Midwest Bank and Trust is an Illinois based bank with 23 branches.

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