Citizens Banking Corp. receives notice from the Federal Reserve System approving Centra, Inc.'s request to acquire additional shares of Citizens.

PR Newswire | December 26, 1990 | Copyright

CITIZENS BANK RECEIVES NOTICE FROM THE FEDERAL RESERVE APPROVING

CENTRA, INC.'S REQUEST TO ACQUIRE ADDITIONAL SHARES OF CITIZENS

FLINT, Mich., Dec. 26 /PRNewswire/ -- This morning, Citizens Banking Corporation (NASDAQ-NMS: CBCF) received a copy of the notice from the board of governors of the Federal Reserve System that permits CenTra, Inc., Warren, Mich., to acquire up to 24.9 percent of the outstanding voting shares of Citizens Banking Corporation.

Charles R. Weeks, president and chief executive officer, stated, "This ruling permits a passive ...

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