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ROYAL BANK GROUP SHAREHOLDERS APPROVE MERGER WITH CITIZENS BANKING CORPORATION

 ROYAL OAK, Mich., Sept. 21 /PRNewswire/ -- Shareholders of Royal Bank Group Inc. formally approved an agreement to merge with Citizens Banking Corporation. The transaction is expected to be completed during the first week of October.
 Royal Bank Group is the parent of National Bank of Royal Oak, a $197 million bank that serves the greater Royal Oak area through six banking offices.
 Citizens Banking Corporation, with assets of $2.5 billion, is the sixth-largest commercial bank holding company headquartered in Michigan and is the parent of Citizens Commercial & Savings Bank of Flint, Second National Bank of Saginaw, Second National Bank of Bay City, State Bank of Standish, Grayling State Bank, Century Life Insurance Company of Michigan, a credit life insurance company, and Commercial National Bank of Berwyn, Ill. The corporation's common stock is traded in the over- the-counter market (NASDAQ trading symbol: CBCF).
 -0- 9/21/93
 /CONTACT: Donald Wolcott Jr., director of marketing of National Bank of Royal Oak, 313-691-6400/
 (CBCF)


CO: Royal Bank Group Inc.; Citizens Banking Corporation ST: Michigan IN: FIN SU: TNM

JG -- DE027 -- 4379 09/21/93 17:13 EDT
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Publication:PR Newswire
Date:Sep 21, 1993
Words:185
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