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Prospect News home > News index > List of issuers C > Headlines for Citizens Republic Bancorp, Inc. > News item
Published on 9/14/2012 in the Prospect News Convertibles Daily, Prospect News High Yield Daily and Prospect News Investment Grade Daily.

Moody's could cut FirstMerit, lift Citizens

Moody's Investors Service said it placed the ratings of FirstMerit Bank on review for downgrade

In a related action, Moody's placed the ratings of Citizens Republic Bancorp, Inc. and its subsidiaries on review for upgrade.

Moody's said the reviews follow the announcement that FirstMerit has entered into a definitive agreement to acquire Citizens in an all-stock transaction valued at $912 million.


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