In Brief: FirstMerit Reports Acquisition-Related Loss

AKRON, Ohio - FirstMerit Corp. reported a merger-related loss of $1.2 million, or 4 cents per share, for the first quarter, down from a profit of 54 cents a share a year earlier.

The company cited a previously announced one-time charge of $16.2 million related to its acquisition of Civista Corp., which was completed on Jan. 31.

FirstMerit, a $5.7 billion-asset bank holding company, said that without the one-time charge, its quarterly earnings would have been $15.2 million.

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