Citizens Bank Announces Plans For Reinvestment With New Flint, Mich. Banking Center.Business Editors FLINT flint, mineral flint, variety of quartz that commonly occurs in rounded nodules and whose crystal structure is not visible to the naked eye. Flint is dark gray, smoky brown, or black in color; pale gray flint is called chert. , Mich.--(BUSINESS WIRE)--June 19, 2000 Citizens Bank-Flint President Wayne G. Schaeffer today announced a major reinvestment Reinvestment Using dividends, interest and capital gains earned in an investment or mutual fund to purchase additional shares or units, rather than receiving the distributions in cash. 1. In terms of stocks, it is the reinvestment of dividends to purchase additional shares. in Flint with plans to build a new banking center. The 4400 square-foot freestanding free·stand·ing adj. Standing or operating independently of anything else: a freestanding bell tower; a freestanding maternity clinic. facility is scheduled to open September 25, 2000 in the Hallwood Plaza at Pierson and Clio Roads. Construction is expected to begin in June. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Mr. Schaeffer, the new full-service branch will be a stand alone facility that features easy access with ample parking, four drive-through teller TELLER. An officer in a bank or other institution. He is said to take that name from tallier, or one who kept a tally, because it is his duty to keep the accounts between the bank or other institution and its customers, or to make their accounts tally. lanes and two drive-up ATMs. The banking center's interior central client services area will include seven teller windows, personal banker offices, a mortgage office, a play area for children, wheelchair accessible teller areas, and online banking computer terminals. The center will also provide investment and small business services. "Hallwood Plaza will be the first site for a newly designed Citizens Bank branch that will serve as the standard for future banking facilities in our company," Mr. Schaeffer said. "As we continue to grow, not only in Michigan but throughout the Midwest, Citizens Bank offices will feature a building design system that is aesthetically pleasing and designed to meet our clients' financial needs." "Our new Hallwood Plaza banking center will enhance Citizens Bank's position as the leading provider of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. in the Flint community. Our investment of $1.3 million in this facility demonstrates our ongoing commitment to area residents." Upon completion of the new Hallwood facility, Citizens Bank will consolidate and transfer operations currently provided at the Flushing Road drive-up and the King Avenue office, as well as the current Hallwood office located inside the mall, to the new freestanding building which will be located outside the plaza. "We are confident our clients will enjoy this new, modern facility. We look forward to continuing to assist our clients in achieving their financial goals through the new Hallwood location," Schaeffer stated. Citizens Bank is a subsidiary of Citizens Banking Corporation, a diversified financial The diversified financial services segment includes a range of consumer and commercially-oriented companies offering a wide variety of products and services, including various lending products (such as home equity loans and credit cards), insurance, and securities and investment services company, providing a wide range of commercial, consumer, mortgage banking, trust, investment and financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against services to a broad client base. With a long standing tradition of community banking, Citizens serves markets throughout Michigan, suburban Chicago, Illinois, and through F&M Bank offices in Wisconsin, Minnesota, and Iowa with over 220 banking offices and over 240 ATMs. Citizens has assets of nearly $8 billion. Total trust assets are $3.8 billion. More news and information about Citizens Bank is available at www.cbClientsFirst.com. |
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