Citizens Banking Corporation Names Commercial Banking Leaders.

Business Editors

FLINT, Mich.--(BUSINESS WIRE)--Oct. 16, 2003

Citizens Banking Corporation (Nasdaq:CBCF) has named Clinton A. Sampson and Randall J. Peterson as executive vice presidents. Sampson will serve as regional chairman and be responsible for commercial banking relationships in Michigan. Peterson, in addition to continuing to serve as president and chief executive officer of F&M Bank, will be regional chairman with responsibility for commercial banking relationships in Wisconsin, Iowa and Illinois. F&M Bank is a subsidiary of Citizens Banking Corporation, a $7.5 billion bank holding company operating Citizens Bank in Michigan and Illinois and F&M Bank in Wisconsin and Iowa.

Commenting on the appointments, Citizens Banking Corporation chairman, president and chief executive officer, William R. Hartman said, "Clint is a proven leader, banker and business developer who brings great relationship management skills and judgement to our commercial banking function in Michigan. In turn, Randy brings an extensive knowledge of the mid-western markets and has the experience, commercial banking skills, and leadership capabilities to help us capitalize on the opportunity to win new business banking relationships in Wisconsin, Iowa and Illinois. Both leaders have extensive experience in middle market, large corporate and private client sales, which will help strengthen our commercial banking teams throughout the markets we serve. They're proven professionals in both business development and credit." Both executives will report directly to Hartman.

Sampson is a veteran commercial banker who has held key management positions with Bank One, Michigan, The First National Bank of Chicago and NBD Bank. He assumed the top leadership position in Bank One's greater Cleveland marketplace in September 1999, and for the entire Northeast Ohio region in November 2002.

Sampson joined NBD Bank as a credit analyst in 1973. During his more than 30 years with Bank One and its predecessors, he has played leadership roles in the areas of middle market, large corporate and international sales.

Sampson served as group sales manager in Oakland County Michigan from 1997 to 1999. He also served as group head in NBD Bank's national banking division from 1990 through 1993, managing corporate and correspondent banking across a 13-state region. From 1988 to 1990, he was vice president and manager of credit services, responsible for managing NBD Bancorp's commercial loan approval process, as well as loan servicing and credit review.

Internationally, Sampson enjoyed tours of duty on two continents. He was a senior credit officer for First National Bank of Chicago's Australia operations from 1993 to 1997. Based in Adelaide, he also oversaw operations in Melbourne and Sydney. From 1984 to 1988, Sampson served as the senior lending officer for NBD Bank, London, in charge of corporate lending and deposit relationships across Great Britain, as well as correspondent banking relationships in Scandinavia.

A Michigan native, Sampson earned a bachelor's degree at Michigan State University in 1968. He also attended International Banking Summer Schools at the University of Cambridge, England in 1985 and Cambridge, Massachusetts in 1990.

Sampson has served on the boards of trustees for Cleveland Tomorrow, Greater Cleveland Roundtable, Neighborhood Progress Inc., and The MetroHealth Systems, and was on the boards of directors for the Greater Cleveland Growth Association and United Way Services. Sampson was also the co-chairman with Cleveland's mayor for the 2001 and 2002 Harvest for Hunger Campaigns for which he was awarded the key to the city of Cleveland by mayor Michael R. White.

Peterson spent 20 years with Associated Banc-Corp, a $15 billion bank holding company headquartered in Green Bay, WI. Prior to his retirement in 2002, Peterson served as president of community banking for the corporation. He was responsible for all retail, private banking and community business banking for all the community banks in Wisconsin and Illinois.

From 1996 until 2002, Peterson was president of Associated Bank, Green Bay. Additionally, from 1996 until 2002, he was also the corporation's chief credit officer with responsibility for all corporate lending activities and responsibility for the company's newly acquired Minnesota banks.

Peterson received his master of business administration in finance from the University of Michigan, Ann Arbor in 1973. A Vietnam veteran, he received his bachelor of science degree in engineering from the United States Coast Guard Academy in 1967. An active member of the Green Bay community, he has served on the board of directors of the Green Bay Area Chamber of Commerce, Greater Green Bay YMCA, Advance Business Development Center, Neighborhood Housing Services, Downtown Green Bay, Inc., and BID board and the board of elders of Faith Lutheran Church. Additionally, Peterson serves on the boards of two area businesses. Peterson is a past board member and president of the Green Bay Bankers Association and a past board member of the Wisconsin Bankers Association.

Citizens Banking Corporation is a diversified financial services company, providing a wide range of commercial, consumer, mortgage banking, trust investment and financial planning services to a broad client base. With a long-standing tradition of community banking, Citizens Banking Corporation serves markets through Citizens Bank offices in Michigan, suburban Chicago, Illinois, and through F&M Bank offices in Wisconsin, and Iowa with 176 banking offices. Citizens has banking assets of $7.8 billion.