Citizens Bank Opens First Major Hub in Oakland County: 900 Tower in Troy, Mich.; Bank Well Positioned for Planned Expansion.To download high-resolution, print-ready JPEG JPEG in full Joint Photographic Experts Group Standard computer file format for storing graphic images in a compressed form for general use. JPEG images are compressed using a mathematical algorithm. images, click on the thumbnail image above. WARNING: these images are very large (800K+) Click here for caption Business Editors/City Desks MULTIMEDIA AVAILABLE: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=4576020 TROY, Mich.--(BUSINESS WIRE)--Feb. 18, 2004 Citizens Bank today announced the opening of its first major hub facility in Oakland County -- the 900 Tower Building located in Troy's Northfield Corporate Campus, 900 Tower Drive at I-75 and Crooks. Tom Shafer, regional president, Southeast Michigan Southeast Michigan, also called Southeastern Michigan, is a region in the Lower Peninsula of the U.S. state of Michigan that is home to a majority of the state's businesses and industries, and is home to slightly over half the state's population. , made the announcement. The 19,000 square-foot facility encompasses a new Citizens Bank branch and administrative office space and serves as one of two planned major bank hubs in the county. The new location is expected to create up to an additional 45 direct employment positions. In November, Citizens Bank announced a major expansion into Oakland County. The initiative will significantly add to the company's current Oakland County presence of seven branches, increase its staff by up to 180 employees, give local bankers greater authority to act quickly on loan applications and other decisions, and give the marketplace convenient access to bankers. The company intends to make a capital investment of up to $40 million and will open 10 to 14 new branches and an additional hub office over the next 24 months. "Citizens Bank selected Oakland County because of the area's continued growth and strong economic development," Shafer said. "We are selecting convenient, high-visibility locations for our new branches and we intend to be a competitive player in the market by offering superior customer service, integrated products and services, and technologically advanced banking facilities." Existing statistical and demographic data reinforce the viability of Oakland County for financial institution expansion -- the county of 1.2 million people has 791,000 jobs, 475,000 households and 42,000 businesses, and its per capita [Latin, By the heads or polls.] A term used in the Descent and Distribution of the estate of one who dies without a will. It means to share and share alike according to the number of individuals. annual income ranks it fourth in the nation for counties over one million in population. Corporate Profile Citizens Banking Corporation (Nasdaq:CBCF CBCF Canadian Breast Cancer Foundation CBCF Congressional Black Caucus Foundation CBCF Community Based Corrections Facilities CBCF Commander, Base Communications Facility ) is the second-largest bank holding company headquartered in Michigan, with assets of $7.711 billion as of December 31, 2003. The corporation has 177 bank offices, private banking and financial center locations and approximately 200 ATMs throughout Michigan, suburban Chicago, Wisconsin, and Iowa. It owns four banking subsidiaries: -- Citizens Bank, headquartered in Flint, Michigan Flint is a city in the U.S. state of Michigan and is located along the Flint River, 66 miles (106 km) northwest of Detroit. As of the 2000 census, the city had a population of 124,943, making it the fifth largest city in Michigan. It is the county seat of Genesee County6. -- Citizens Bank-Illinois N.A., based in Berwyn, Illinois Berwyn is a city in Cook County, Illinois, co-existent with Berwyn Township, which was formed in 1901 after breaking off from Cicero Township. As of the 2000 census, the city had a total population of 54,016. It is a suburb of Chicago. -- F&M Bank-Wisconsin, headquartered in Kaukauna, Wisconsin Kaukauna (pron. ) is a city in Outagamie County, Wisconsin, United States, on the Fox River, approximately 100 miles (161 km) north of Milwaukee. -- F&M Bank-Iowa, based in Marshalltown, Iowa Marshalltown is a city in Marshall County, Iowa, United States. It is the county seat of Marshall CountyGR6 and the home of Marshalltown Community College. The full-service commercial banks offer a variety 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. to corporate, commercial, correspondent and individual clients. Services include commercial, mortgage and consumer lending, demand and time deposits, treasury management services, trust services, investment services, retirement planning, asset management, insurance services, and other financial products and services. Visit our Web site at www.CitizensOnline.com. MULTIMEDIA AVAILABLE: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=4576020 |
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