The Federal Reserve Board has approved FirstMerit's pending acquisition of Citizens Republic Bancorp (CRBC) in Flint, Mich.

The Fed said Friday that it voted unanimously to approve the $912 million purchase, which will allow FirstMerit (FMER) in Akron, Ohio, to expand into Michigan and Wisconsin. The deal, which was first announced in September, will create a company with $24.2 billion in assets and 430 branches in six states, according to data from the Federal Deposit Insurance Corp.

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