Citizens Republic Bancorp, Inc.
Readers may recognize I am intimately familiar with the State of Ohio based on my college alma mater. While Ohio’s gross domestic product contracted more sharply than the country as a whole during the 2008-09 recession, data from the US Department of Commerce indicates that Ohio’s economy is now growing faster than the national average. In particular, thousands of new jobs are being created along the Utica Shale more »
Shares of Firstmerit (NASDAQ: FMER) are down about 10% after the company announced that it was acquiring fellow Midwestern bank Citizens Republic Bancorp (NASDAQ: CRBC) earlier this month. Firstmerit plans to make this an all-stock deal, which means that the company believes its stock is overvalued. Citizens Republic Bancorp currently trades at $20.33 per share, which represents a P/B ratio of 0.8. This means that Firstmerit may more »
The mortgage mayhem of the past is still being felt at many banks. I want to take a look at a diverse group of banks looking to find ones that are moving forward and worth investing in.