Citizens Republic Bancorp
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Formerly called
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Citizens National Bank Citizens Commercial & Savings Bank |
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| Public bank corporation | |
| Traded as | NASDAQ: CRBC |
| Industry | |
| Fate | Merged with FirstMerit Corporation |
| Predecessor | Citizens Banking Corporation Republic Bancorp, Inc. |
| Successor | FirstMerit Corporation |
| Founded | 1871 |
| Defunct | April 12, 2013 |
| Headquarters | Flint, MI, USA |
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Number of locations
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220 (2012) |
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Area served
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Key people
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David T. Dort (board director 1966-2005) Cathy Nash (CEO 2012-2013) |
| Products | |
| Services | Financial Services |
| Total assets | $9.4 billion (2012) |
| Owner | public (-2012) |
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Number of employees
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1,977 (2012) |
| Parent | FirstMerit Corporation (2012-2013) |
| Subsidiaries | F&M Bancorporation (1999-2005) |
| Website | citizensbanking.com Dead link |
Citizens Republic Bancorp (primary operating name Citizens Bank) was an American bank headquartered in Flint, Michigan that merged with FirstMerit Bank in 2013. Citizens Republic Bancorp operates in the states of Michigan, Ohio, Indiana, and Wisconsin under the FirstMerit Bank name. On September 13, 2012, it completed a merger agreement with FirstMerit Bank of Akron, Ohio. As of April 13, 2013, it became a subsidiary of the FirstMerit Corporation. The merger finalized on June 13, 2013.
Citizens National Bank was established in 1871 at the height of Flint's great lumber industry. Citizens National Bank played a key role in the development of the auto industry in this country. General Motors founder William C. Durant acknowledged that a loan he and partner J. Dallas Dort received from Citizens in 1886 enabled him to start his vehicle manufacturing company now known as General Motors.
Citizens National Bank switched from a national to a state-chartered institution in 1890 as Citizens Commercial & Savings Bank. In 1928, the original bank building was demolished and the a new headquarters building, Citizens Bank Building, was built on the site. In 1937, the Bank began its annual Citizens' Holiday Sing.
The Weather Ball on the bank headquarters was first illuminated August 30, 1956. The ball is a regular beacon in the city except from 1974 until January 1, 1978, when it was turned off during the 1970s energy crisis.
Citizens Commercial & Savings Bank formed a holding company, Citizens Banking Corporation, in 1981 to acquire additional banks. Banks acquired were Grayling State Bank and State Bank of Standish in 1984. Citizens Banking acquired Second National Bank of Saginaw and Second National Bank of Bay City in 1985. On November 6, 1986, Citizens Banking indicated that will purchase National Bank of Illinois as its first non-Michigan acquisition followed in 1987 with the purchase of Commercial National Bank of Berwyn, Illinois. David T. Dort, son of J. Dallas Dort, retired April 10, 1988, as the longest-serving director of Citizen Banking Corp. after 22 years.
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