Journalism in the Public Interest

Citizens Republic Bancorp

Flint, Mich. | See all recipients in Michigan
$300M Disbursed
$300M Returned
$81.4M Revenue to Gov't
$81.4M Profit
Jump to table of transactions
Find a Bailout
Type the name of a bank:

Find bailouts in your state:

  • Our frequently updated database tracks every dollar. In the scorecard, we provide a summary generated from the latest numbers.


  • $12.2M Revenue

    May 13, 2015 Warrant Proceeds

  • $300M Payback

    Apr. 12, 2013 Repayment

    214/ On 4/12/2013, Treasury completed (i) the sale of its CPP preferred in Citizens Republic Bancorp, Inc. (Citizens Republic) to FirstMerit Corporation (FirstMerit) and (ii) the exchange of its warrant in Citizens Republic for a warrant issued by FirstMerit, pursuant to a securities purchase agreement, dated as of 2/19/13, among Treasury, FirstMerit and Citizens Republic.

    More info from

  • $55.4M Revenue

    Apr. 12, 2013 Dividend - Cumulative

  • $3.75M Revenue

    Nov. 16, 2009 Dividends payment

  • $3.75M Revenue

    Aug. 17, 2009 Dividends Paid in Aug. 2009

  • $6.38M Revenue

    May 31, 2009 Dividends Paid Through 5/31/2009

    This amount reflects the sum of dividends paid up to 5/31/2009

  • $300M Bailout

    Dec. 12, 2008 Purchase - Preferred Stock w/ Warrants

Date Type Amount Program Description
05/13/2015 Warrant $12,150,120 CPP Warrant Proceeds
04/12/2013 Dividend $55,370,437 CPP Dividend - Cumulative
04/12/2013 Refund $300,000,000 CPP Repayment
11/16/2009 Dividend $3,750,000 CPP Dividends payment
08/17/2009 Dividend $3,750,000 CPP Dividends Paid in Aug. 2009
05/31/2009 Dividend $6,375,000 CPP Dividends Paid Through 5/31/2009
12/12/2008 Purchase $300,000,000 CPP Purchase - Preferred Stock w/ Warrants

For our blog, resources and more, see our main bailout page.