Citizens Banking Corporation Completes Merger With F&M Bancorporation, Inc.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)--Nov. 1, 1999-- Citizens Banking Corporation and F&M Bancorporation, Inc. jointly announced completion of their merger, effective earlier today. F&M Bancorporation, Inc. is a multi-bank bank holding company. Currently, F&M has 20 banks with 72 offices throughout Wisconsin Wisconsin, state, United States Wisconsin (wĭskŏn`sən, –sĭn), upper midwestern state of the United States. It is bounded by Lake Superior and the Upper Peninsula of Michigan, from which it is divided by the Menominee , one bank with 14 offices in Iowa, and one bank with one office in Minnesota Minnesota, state, United States Minnesota (mĭn'ĭsō`tə), upper midwestern state of the United States. It is bordered by Lake Superior and Wisconsin (E), Iowa (S), South Dakota and North Dakota (W), and the Canadian provinces . F&M's shareholders will receive 1.303 shares of Citizens common stock for each share of F&M stock owned. The merger is a tax-free transaction for federal income tax purposes and will be accounted for as a pooling-of-interests. This merger increases Citizens Banking Corporation's total assets to $7.6 billion, with a network of 229 branch, private banking and financial center locations and approximately 251 ATM's throughout Michigan Michigan (mĭsh`ĭgən), upper midwestern state of the United States. It consists of two peninsulas thrusting into the Great Lakes and has borders with Ohio and Indiana (S), Wisconsin (W), and the Canadian province of Ontario (N,E). , suburban Chicago, Wisconsin, and in Iowa and Minnesota. The banks provide 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 as well as banking convenience to over 535,000 households. Visit our Website at http://www.cbclientsfirst.com |
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