FirstMerit acquires Citizens Republic Bancorp for $912 million
Client(s) FirstMerit Corporation
Jones Day advised FirstMerit Corporation in its stock-for-stock acquisition of Citizens Republic Bancorp for approximately $912 million. The transaction creates a premier Midwest banking franchise, where FirstMerit will have 415 branches, 452 ATMs, and more than 5,000 employees across the five contiguous states of Pennsylvania, Ohio, Michigan, Illinois, and Wisconsin.
In addition to M&A representation, Jones Day provided employee benefits, environmental, real estate, and tax advice regarding this transaction.