Citizens Banking Corporation Announces Stock Repurchase Program.FLINT, Mich.--(BUSINESS WIRE)--May 5, 1998--Citizens Banking Corporation's Board of Directors approved a stock repurchase Stock repurchase A firm's repurchase of outstanding shares of its common stock. program which provides for the repurchase of up to 600,000 shares of Citizens Banking Corporation common stock on the open market over the next 24 months. The shares will be utilized to satisfy the Corporation's obligation to issue shares under its existing employee and director stock option plans. The Corporation intends to acquire such shares in a systematic pattern. At present, there are 28,172,942 shares outstanding. Citizens Banking Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CBCF CBCF Canadian Breast Cancer Foundation CBCF Congressional Black Caucus Foundation CBCF Community Based Corrections Facilities CBCF Commander, Base Communications Facility ) is a diversified financial services company providing a full range of commercial, consumer, mortgage banking, trust 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. Citizens operates 125 offices throughout Michigan and in suburban Chicago, Illinois. CONTACT: Citizens Banking Corporation, Flint John W. Ennest, 810/257-2557 |
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