Citizens Republic Bancorp http://www.alacrastore.com/company-snapshot/Citizens_Republic_Bancorp-1003642 25 Nov 2009 02:38:01 EST 1003642 Citizens Republic Bancorp en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/research/fitch-ratings-Fitch_Downgrades_Citizens_Republic_Bancorp_Outlook_Negative-542594_pr_frame542594_pr_framefitch/542594_pr_framehtmlCB Wealth Management, National AssociationCitizens BankCitizens Funding Trust ICitizens Republic BancorpF&M Bank - Iowa800903578009063180090872800920038388348124 Nov 2009 07:07:49 EST0101010085Press ReleaseCRBCFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.USA0101000001010100Credit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/ccbn/T2471542T2471542ccbn/T2471542norm23 Oct 2009 03:06:00 EST2471542Final Transcript of CRBC earnings conference call or presentation, 23-Oct-09 10:00am ETCitizens Banking54.0000FinalCitizens Banking Q3 2009 Earnings Conference Call TranscriptCRBC10:00am ETTranscript...Kristine Brenner Citizens Republic Bancorp - IR Cathy Nash Citizens Republic Bancorp - President & CEO Charlie Christy Citizens Republic Bancorp - EVP & CFO Mark Widawski Citizens Republic Bancorp - EVP & CCO Brian Boike Citizens Republic Bancorp - Treasurer... Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/moodys/PR_187781_809794410PR_187781_809794410moodys/PR_187781_809794410html02 Oct 2009 04:34:02 ESThtmlCitizens Funding Trust ICitizens Republic Bancorp, Inc.Citizens Bank, MichiganCitizens Bank, Michigan; Citizens Funding Trust I; Citizens Republic Bancorp, Inc.809794410600063708600022947150.000001 Oct 2009NewsRating ActionCGlobal Credit Research Rating Action # OCT #### Rating Action: Citizens Funding Trust I Moody's confirms Citizens Republic (deposits at Ba#) with negative outlook Subordinated debt upgraded to B#; trust preferred securities remain...Credit & Investment ResearchMoody's Global Credit ResearchUS - Citizens Republic Bancorp Inc, a Flint-based commercial bank holding company, launched an exchange offer for its #.##% Subordinated Notes due ####.29 Sep 2009 10:03:23 EST174420174420174420174420Citizens Republic Bancorp Inc, Flint,MichiganCitizens Republic Bancorp Inc, Flint,MichiganCitizens Republic Bancorp Inc, Flint,MichiganCitizens Republic Bancorp Inc, Flint,Michiganhttp://www.alacrastore.com/storecontent/Thomson_M%26A/Citizens_Republic_Bancorp_Inc_exchanges_equity_for_debt-2112323020sdc/21123230202112323020Copyright © 2009, Thomson Financial, All Rights ReservedNasdaqCommercial Banks, Bank Holding CompaniesUnited StatesNational commercial banks6021MIMichiganPublicCRBC6021:National commercial banks6022:State banks,member fed reserve6712:Offices of bank holding companies6021:National commercial banks6022:State banks,member fed reserve6712:Offices of bank holding companiesNasdaqCommercial Banks, Bank Holding CompaniesUnited StatesNational commercial banks6021MIMichiganPublicCRBC8019002Coml bk hldg coComl bk hldg coUnspecifiedSubordinated Note8019002Sep 29 20090.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.00000Citizens Republic Bancorp Inc,located in Flint Michigan, isa commercial bank holdingcompany that provides bankingand financial services toindividuals and institutions.The company was incorporatedin 1871.Citizens Republic Bancorp Inc, located in Flint Michigan, isa commercial bank holding company that provides banking andfinancial services to individuals and institutions. Thecompany was incorporated in 1871.Citizens Republic Bancorp Inc, located in Flint Michigan, is a commercial bank holding company that provides banking and financial services to individuals and institutions. The company was incorporated in 1871.1.000002.000003.000004.000005.000006.000007.000008.00000Citizens Republic Bancorp Inc,located in Flint Michigan, isa commercial bank holdingcompany that provides bankingand financial services toindividuals and institutions.The company was incorporatedin 1871.Citizens Republic Bancorp Inc, located in Flint Michigan, isa commercial bank holding company that provides banking andfinancial services to individuals and institutions. Thecompany was incorporated in 1871.Citizens Republic Bancorp Inc, located in Flint Michigan, is a commercial bank holding company that provides banking and financial services to individuals and institutions. The company was incorporated in 1871.0.000000.000000.00000126.25000N25 Sep 09Fri, 25 Sep 2009 00:00:00 ESTDate Announced: 09/25/2009Date Effective:Exchange OfferNot Appl.0.000000.000000.000000.000000.000000.00000Price/Share0.0000000.000000.0000000.000000.000000.000000.000000.000000.0000000.00000N0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.00000US - Citizens RepublicBancorp Inc, a Flint-basedcommercial bank holdingcompany, launched an exchangeoffer for its 5.75%Subordinated Notes due 2013.US - Citizens Republic Bancorp Inc, a Flint-based commercial bank holding company, launched an exchange offer for its 5.75% Subordinated Notes due 2013.US - Citizens Republic Bancorp Inc, a Flint-based commercial bank holding company,launched an exchange offer for its 5.75% Subordinated Notes due 2013.US - Citizens Republic Bancorp Inc, a Flint-based commercial bank holding company, launched an exchange offer for its 5.75% Subordinated Notes due 2013.US - Citizens Republic Bancorp Inc, a Flint-based commercial bank holding company, launched an exchange offer for its 5.75% SubordinatedNotes due 2013.Pending0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Pending-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000006021:National commercial banks6022:State banks,member fed reserve6712:Offices of bank holding companies8019002NasdaqUnited States6021MichiganPublicCRBC6021:National commercial banks6022:State banks,member fed reserve6712:Offices of bank holding companies8019002NasdaqUnited States6021MichiganPublicCRBC0.000000.000000.000000.00000Deal InformationTF Mergers & Acquisitionshttp://www.alacrastore.com/storecontent/fitch/504016_pr_frame504016_pr_framefitch/504016_pr_framehtmlCitizens Republic BancorpCitizens Funding Trust ICitizens BankF&M Bank - IowaCB Wealth Management, National Association800920038009087280090631838834818009035714 Aug 2009 06:32:00 EST0101010085Press ReleaseCRBCFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Credit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/moodys/PR_184012_809794410PR_184012_809794410moodys/PR_184012_809794410html04 Aug 2009 04:55:43 ESThtmlCitizens Funding Trust ICitizens Republic Bancorp, Inc.Citizens Bank, MichiganCitizens Bank, Michigan; Citizens Funding Trust I; Citizens Republic Bancorp, Inc.809794410600063708600022947150.000003 Aug 2009NewsRating ActionCGlobal Credit Research Rating Action # AUG #### Rating Action: Citizens Funding Trust I Moody's downgrades Citizens Republic (deposits to Ba#); remains under review Subordinated debt and trust preferred securities lowered to Caa# New...Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/732036732036spcred/732036normglobal06 Jul 2009 01:00:00 EST175SummaryThe latest Summary from S&PUnited StatesRegional BanksUnited StatesGlobal IssuersSummaryUSA17442040101015 401010 4010 40Citizens Republic Bancorp Inc.316143USACBCFSUMMARYFIGLOBISSLEVFINCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/731791731791spcred/731791normglobalpubfin02 Jul 2009 06:21:00 EST400Full ReportThe latest Full Report from S&PUnited StatesRegional BanksUnited StatesGlobal IssuersPublic FinanceFull ReportUSACitizens Republic Bancorp Inc.316143USACBCFFULLUSA17370240101010 401010 4010 4040101015 401010 4010 40Citizens BankCitizens Cap Trust ICitizens Funding Trust IIF&M Bank - Iowa316142341642405917406220USAFIGLOBISSLEVFINPUBFIN17722Z40101015 401010 4010 40174420Credit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_182033_809794410PR_182033_809794410moodys/PR_182033_809794410html27 Jun 2009 12:26:39 ESThtmlCitizens Funding Trust ICitizens Republic Bancorp, Inc.Citizens Bank, MichiganCitizens Bank, Michigan; Citizens Funding Trust I; Citizens Republic Bancorp, Inc.809794410600063708600022947150.000026 Jun 2009NewsRating ActionCGlobal Credit Research Rating Action ## JUN #### Rating Action: Citizens Funding Trust I Moody's reviews Citizens Republic for possible downgrade (Baa# deposits) New York, June ##, #### -- Moody's Investors Service placed the ratings...Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/730155730155spcred/730155normglobal26 Jun 2009 01:22:59 EST100NewsThe latest News from S&PUnited StatesRegional BanksUnited StatesGlobal IssuersNewsUSA17442040101015 401010 4010 40Citizens Republic Bancorp Inc.316143USACBCFNEWSFIGLOBISSLEVFINCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/728290728290spcred/728290normglobalpubfin17 Jun 2009 10:37:15 EST175Research UpdateThe latest Research Update from S&PUnited StatesRegional BanksUnited StatesGlobal IssuersPublic FinanceResearch UpdateUSA17442040101015 401010 4010 40Citizens Republic Bancorp Inc.316143USACBCFRESUPDUSA17370240101010 401010 4010 4040101015 401010 4010 40Citizens BankCitizens Cap Trust ICitizens Fdg Trust ICitizens Funding Trust IIF&M Bank - Iowa316142341642405917406218406220USA17722ZFIGLOBISSLEVFINPUBFINCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_178487_809794410PR_178487_809794410moodys/PR_178487_809794410html07 May 2009 04:37:56 ESThtmlCitizens Funding Trust ICitizens Republic Bancorp, Inc.Citizens Bank, MichiganCitizens Bank, Michigan; Citizens Funding Trust I; Citizens Republic Bancorp, Inc.809794410600063708600022947150.000006 May 2009NewsRating ActionCGlobal Credit Research Rating Action # MAY #### Rating Action: Citizens Funding Trust I Moody's downgrades Citizens Republic (deposits to Baa#); outlook negative New York, May ##, #### -- Moody's Investors Service downgraded the ratings...Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/719724719724spcred/719724normglobalpubfin04 May 2009 06:19:00 EST175Research UpdateThe latest Research Update from S&PUnited StatesRegional BanksGlobal IssuersPublic FinanceResearch UpdateUSA17442040101015 401010 4010 40Citizens Republic Bancorp Inc.316143USACBCFRESUPDUSA17370240101010 401010 4010 4040101015 401010 4010 40Citizens BankCitizens Cap Trust ICitizens Fdg Trust ICitizens Funding Trust II316142341642405917406218406220USA17722ZFIGLOBISSPUBFINF&M Bank - IowaUnited StatesCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/COP_600063708COP_600063708moodys/COP_600063708html14 Mar 2009 09:06:00 ESThtmlCitizens Republic Bancorp, Inc.Citizens Republic Bancorp, Inc.600063708150.000008 Oct 2009NewsCredit OpinionCGlobal Credit Research Credit Opinion # OCT #### Credit Opinion: Citizens Republic Bancorp, Inc. Citizens Republic Bancorp, Inc. Flint, Michigan, United States Ratings Category Moody's Rating Outlook Negative Issuer Rating B# Subordinate...Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/research/moodys-global-credit-research-CITIZENS_BANKING_CORPORATION-BS_600063708BS_600063708moodys/BS_600063708html13 Feb 2009 01:48:00 ESThtmlCitizens Republic Bancorp, Inc.Citizens Republic Bancorp, Inc.600063708600063708300.000005 Nov 2009AnalysisBanking StatisticsCGlobal Credit Research Banking Statistics # NOV #### Banking Statistics: Citizens Republic Bancorp, Inc. CITIZENS BANKING CORPORATION Download Banking Statistics in .csv format Issuer rating: B# Long-term senior debt rating: &####...600022947600031057600056318600062942600063708600063709600063712809794410809854063809854128809854157820586128UNITED STATESBANKINGBANKING600063708Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/fitch/419332_report_framefitch/419332_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Citizens Republic Bancorp8009035719 Dec 2008 06:35:00 EST01010100165Credit UpdateCRBC419332_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/419334_report_framefitch/419334_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Citizens Republic Bancorp8009035719 Dec 2008 06:35:00 EST01010100425Full Rating ReportCRBC419334_report_frameCredit & Investment ResearchFitch ResearchUS - State-owned United States Department of Treasury agreed to acquire warrants convertible into a ##.##% stake, or ##.### mil common shares, in Citizens Republic Bancorp Inc, Flint, Michigan, a commercial bank holding company, for $#.## per share, or a total value of $## mil, in a privately negotiated transactions. The transaction was part of the Troubled Asset Relief Program, in which the US Treasury announced that it would invest up to $### bil in senior preferred equity in qualifying US controlled banks, savings associations, and certain bank and savings and loan holding companies. Under the terms of the plan, the senior non-voting, non-convertible preferred shares will pay a #% dividend for the first five years and a #% dividend thereafter and the US Treasury will receive the right to purchase common stock equal to ##% of its preferred equity investment in each firm in the form of common share purchase warrants.17 Dec 2008 02:20:07 EST91273M17442091145T174420United States Department of the TreasuryCitizens Republic Bancorp Inc, Flint,MichiganUnited States of AmericaCitizens Republic Bancorp Inc, Flint,Michiganhttp://www.alacrastore.com/storecontent/Thomson_M%26A/US_Department_of_the_Treasury_acquires_a_minority_stake_in_Citizens_Republic_Bancorp_Inc-2035716020sdc/20357160202035716020Copyright © 2008, Thomson Financial, All Rights ReservedPublic AdministrationUnited StatesNational government agency999BDCD. of ColumbiaGovernment999B:National government agency999A:National governmentNasdaqCommercial Banks, Bank Holding CompaniesUnited StatesNational commercial banks6021MIMichiganPublicCRBC624626001National governmentComl bk hldg coCashCash OnlyCommon StockWarrants8019002Dec 17 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.00000The United States Departmentof the Treasury, located inWashington, District ofColumbia, is a nationalagency. The agency wasestablished by an Act ofCongress in 1789 to managegovernment revenue.The United States Department of the Treasury, located inWashington, District of Columbia, is a national agency. Theagency was established by an Act of Congress in 1789 tomanage government revenue.The United States Department of the Treasury, located in Washington, District of Columbia, is a national agency. The agency was established by an Act of Congress in 1789 to manage government revenue.1.000002.000003.000004.000005.000006.000007.000008.00000Citizens Republic Bancorp Inc,located in Flint Michigan, isa commercial bank holdingcompany that provides bankingand financial services toindividuals and institutions.The company was incorporatedin 1871.Citizens Republic Bancorp Inc, located in Flint Michigan, isa commercial bank holding company that provides banking andfinancial services to individuals and institutions. Thecompany was incorporated in 1871.Citizens Republic Bancorp Inc, located in Flint Michigan, is a commercial bank holding company that provides banking and financial services to individuals and institutions. The company was incorporated in 1871.0.000000.000000.00000126.02000NU.S. Dollar15 Dec 08Mon, 15 Dec 2008 00:00:00 ESTDate Announced: 12/15/2008Date Effective:Acq. Part. Int.Friendly0.000000.000000.000000.000000.000002.56000Price/Share0.0000045 U.S. Dollar45.00000322.5980045 U.S. Dollar45.000000.000000.000002.560002.5600045.0000045 U.S. Dollar1.00000N29.383000.000000.000000.000000.000000.0000045.0000045.000000.000000.000000.000000.000000.000000.000000.000000.0000013.949000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.0000017.0000018.0000019.0000020.0000021.0000022.0000023.0000024.0000025.0000026.0000027.0000028.0000029.0000030.0000031.0000032.0000033.00000US - State-owned United StatesDepartment of Treasury agreedto acquire warrantsconvertible into a 13.95%stake, or 17.578 mil commonshares, in Citizens RepublicBancorp Inc, Flint, Michigan,a commercial bank holdingcompany, for $2.56 per share,or a total value of $45 mil,in a privately negotiatedtransactions. The transactionwas part of the Troubled AssetRelief Program, in which theUS Treasury announced that itwould invest up to $250 bil insenior preferred equity inqualifying US controlledbanks, savings associations,and certain bank and savingsand loan holding companies.Under the terms of the plan,the senior non-voting,non-convertible preferredshares will pay a 5% dividendfor the first five years and a9% dividend thereafter and theUS Treasury will receive theright to purchase common stockequal to 15% of its preferredequity investment in each firmin the form of common sharepurchase warrants.US - State-owned United States Department of Treasury agreed to acquire warrants convertible into a 13.95% stake, or 17.578 mil common shares, in Citizens Republic Bancorp Inc, Flint, Michigan, a commercial bank holding company, for $2.56 per share, or a total value of $45 mil, in a privately negotiated transactions. The transaction was part of the Troubled Asset Relief Program, in which the US Treasury announced that it would invest up to $250 bil in senior preferred equity in qualifying US controlled banks, savings associations, and certain bank and savings and loan holding companies. Under the terms of the plan, the senior non-voting, non-convertible preferred shares will pay a 5% dividend for the first five years and a 9% dividend thereafter and the US Treasury will receive the right to purchase common stock equal to 15% of its preferred equity investment in each firm in the form of common share purchase warrants.US - State-owned United States Department of Treasury agreed to acquire warrantsconvertible into a 13.95% stake, or 17.578 mil common shares, in Citizens Republic BancorpInc, Flint, Michigan, a commercial bank holding company, for $2.56 per share, or a totalvalue of $45 mil, in a privately negotiated transactions. The transaction was part of theTroubled Asset Relief Program, in which the US Treasury announced that it would invest upto $250 bil in senior preferred equity in qualifying US controlled banks, savingsassociations, and certain bank and savings and loan holding companies. Under the terms ofthe plan, the senior non-voting, non-convertible preferred shares will pay a 5% dividendfor the first five years and a 9% dividend thereafter and the US Treasury will receive theright to purchase common stock equal to 15% of its preferred equity investment in eachfirm in the form of common share purchase warrants.US - State-owned United States Department of Treasury agreed to acquire warrants convertible into a 13.95% stake, or 17.578 mil common shares, in Citizens Republic Bancorp Inc, Flint, Michigan, acommercial bank holding company, for $2.56 per share, or a total value of $45 mil, in a privately negotiated transactions. The transaction was part of the Troubled Asset Relief Program, in which theUS Treasury announced that it would invest up to $250 bil in senior preferred equity in qualifying US controlled banks, savings associations, and certain bank and savings and loan holding companies.Under the terms of the plan, the senior non-voting, non-convertible preferred shares will pay a 5% dividend for the first five years and a 9% dividend thereafter and the US Treasury will receive theright to purchase common stock equal to 15% of its preferred equity investment in each firm in the form of common share purchase warrants.US - State-owned United States Department of Treasury agreed to acquire warrants convertible into a 13.95% stake, or 17.578 mil commonshares, in Citizens Republic Bancorp Inc, Flint, Michigan, a commercial bank holding company, for $2.56 per share, or a total value of$45 mil, in a privately negotiated transactions. The transaction was part of the Troubled Asset Relief Program, in which the US Treasuryannounced that it would invest up to $250 bil in senior preferred equity in qualifying US controlled banks, savings associations, andcertain bank and savings and loan holding companies. Under the terms of the plan, the senior non-voting, non-convertible preferred shareswill pay a 5% dividend for the first five years and a 9% dividend thereafter and the US Treasury will receive the right to purchasecommon stock equal to 15% of its preferred equity investment in each firm in the form of common share purchase warrants.Pending0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Pending-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000006021:National commercial banks6022:State banks,member fed reserve6712:Offices of bank holding companies12849001United States999AD. of ColumbiaGovernment6021:National commercial banks6022:State banks,member fed reserve6712:Offices of bank holding companies8019002NasdaqUnited States6021MichiganPublicCRBC45.0000045.0000045.0000029.38300Deal InformationTF Mergers & Acquisitionshttp://www.alacrastore.com/storecontent/fitch/453555_pr_framefitch/453555_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Citizens Republic Bancorp8009035715 Dec 2008 06:32:00 EST0101010085Press ReleaseCRBC453555_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/spcred/689386spcred/689386normThe latest Full Report from S&Pglobalpubfin11 Dec 2008 01:31:51 EST400Full Report689386United StatesRegional BanksUnited StatesGlobal IssuersPublic FinanceFinancial InstitutionsFull ReportStronger-than-average loss reserves compared to peers' and solid loan structures insulate capital base Satisfactory risk and asset management Solid liquidity profile Flagging asset-quality metrics Average earnings platform with weak revenue diversification Franchise footprint in region experiencing a prolonged economic slump Standard&Poor's Ratings Services' rating on Citizens Republic Bancorp (CRBC) reflects its flagging asset quality metrics, fundamentally average earnings platform with weak revenue diversification, and concentration of its franchise footprint in a region experiencing a prolonged economic slump. A balance sheet with stronger-than-average loss reserves compared to peers', solid risk and asset management, and a solid liquidity profile offset the rating weaknesses. CRBC's loan portfolio is concentrated in commercial real estate (CRE) that has performed weakly as an assetUSA17442040101015 401010 4010 40Citizens Republic Bancorp Inc.316143USACBCFFULLUSA17370240101010 401010 4010 4040101015 401010 4010 40Citizens BankF&M Bank - IowaCitizens Cap Trust ICitizens Funding Trust II316142341642405917406220USA17722ZGLOBISSPUBFINFICredit & Investment ResearchS&P Credit Research