BETTER THAN EXPECTED: "In addition to completing the... conversion on schedule, we also met or exceeded financial goals related to the merger," Paul Greig, FirstMerit's chief executive, says.

FirstMerit Unearths Extra Benefits from Citizens Republic Deal

The Ohio company expects to receive an additional $46 million from loans it had marked impaired when it bought Citizens Republic. Management also expects more cost cutting than it originally projected.

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