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First Citizens Banc to redeem series A fixed-rate preferreds
By Tali David
Minneapolis, Dec. 19 - First Citizens Banc Corp. plans to redeem all of its outstanding series A fixed-rate cumulative perpetual preferred shares, according to a press release.
The redemption is expected to be completed during the first quarter of 2014 and prior to the increase in the dividend rate on the series A preferred shares to 9% from 5% per annum beginning on Feb. 14.
Sandusky, Ohio-based First Citizens is a bank holding company that operates in central and north central Ohio.
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