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Anatomy of a Bank Deal: Citizens Republic CEO on Why She Sold

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FirstMerit, which has assets of $14.6 billion, is still waiting on full regulatory approval for its deal and hopes to close the transaction by July 2013. Nash does not plan to stay on indefinitely, although she has offered FirstMerit CEO Paul Greig her assistance with the transition.

The two banks’ “teams seem to really like each other — they’re doing well so far,” she said last week.  “As Paul and I got to know each other over the past few years, and we started spending more time talking about our businesses, it was pretty clear we just think about things the same way. That’s pretty positive, it makes the transition easier for folks.”

Nash, who was on her way to speak Thursday at SourceMedia’s annual Small Business Banking conference, referred in passing to a couple of efforts to recruit her. But when asked for specifics, or whether she would prefer to work for a large or small bank next, she said she has yet to really start thinking about the next stage of her career.

 “I’m just out talking to people and seeing what’s going on, but I think there’s a place for both large and small,” she said. “Which one’s right for me, I don’t know.”

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