Goodbye Citizens Bank. Ohio.com reports the Flint-based company that operates the bank will take over at the close of business today. First Merit of Akron Ohio has purchased Citizens-Republic Bankcorp for about $916 million.
Few institutions are older than Citizens Bank in Flint. It's been in town since the late 1800's: more than 150 years. That's a lot of checks cashed, deposits made and cash dispersed. A spokesman for Citizens Republic was unavailable this morning.
Still to be determined: when the signs will change at the banks, whether any bank locations will be closed and if anybody will lose their jobs.