The $7.8 billion-asset Citizens Banking Corp. in Flint, Mich., said Monday that it had consolidated its two banking charters and renamed its Wisconsin subsidiary Citizens Bank.
New signs were unveiled at 51 former F&M Bank Wisconsin branches Monday. Customers that used its online banking services will be directed to a new Web site, www.citizensonline.com. The F&M Bank name will remain on the company's 11 Iowa branches.
- Alan KlineFirst Citizens' Profits Surge 44%First Citizens BancShares Inc. of Raleigh reported Monday that first-quarter earnings rose 44% from a year earlier, to $25 million, or $2.40 a share. The $13.5 billion-asset company attributed the increase to commercial loan growth and lower net chargeoff levels.
Noninterest income fell 0.5% from the fourth quarter, to $61.2 million. First Citizens said the slight decline was caused by the absence of securities gains and lower income from service charges.
