Board of Governors of the Federal Reserve System

The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system.

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December 12, 2006

Approval of proposal by Citizens Banking Corporation

For immediate release

The Federal Reserve Board on Tuesday announced its approval of the proposal by Citizens Banking Corporation, Flint, to acquire Republic Bancorp Inc., Owosso, and its subsidiary bank, Republic Bank, Lansing, all in Michigan.

Attached is the Board's Order relating to this action.

Attachment

Last Update: December 12, 2006

Press Release

Approval of proposal by Citizens Banking Corporation