Key Developments: FirstMerit Corp (FMER.O)
18.29USD
17 May 2013
$0.34 (+1.89%)
$17.95
$18.03
$18.35
$17.95
731,973
1,529,582
$18.35
$12.95
Latest Key Developments (Source: Significant Developments)
FirstMerit Corp Announces Cash Dividend on Preferred Stock of $14.69 Per Share
FirstMerit Corp announced a dividend of $14.69 per share, or $0.36725 per depository share, on the Company's 5.87% non-cumulative perpetual preferred stock, Series A, payable August 5, 2013, to shareholders of record on July 19, 2013. Full Article
FirstMerit Corp Announces Quarterly Cash Dividend Of $0.16 Per Share
FirstMerit Corp announced that Board of Directors declared quarterly cash dividend of $0.16 per share on the Company's common stock , unchanged from last quarter , payable june 17, 2013, to shareholders of record date of Mat 28, 2013. Full Article
FirstMerit Corp Completes Acquisition of Citizens Republic Bancorp Inc
FirstMerit Corp announced that it has consummated its acquisition of Flint, Michigan-based Citizens Republic Bancorp Inc. Full Article
FirstMerit Corp Appoints Leissring President And CEO
FirstMerit Corp announced the appointment of Kevin M. Leissring as President and CEO, FirstMerit Wisconsin. Leissring will have responsibility for and oversight of FirstMerit's commercial banking operations in the state of Wisconsin, pending the closing of FirstMerit's announced acquisition of Citizens Republic Bancorp. He will report to David G. Goodall, Executive Vice President and Chief Commercial Banking Officer. Full Article
FirstMerit Corp Announces Quarterly Cash Dividend Of $0.16 Per Share
FirstMerit Corp announced a quarterly cash dividend of $0.16 per share on the Company's common stock, unchanged from last quarter, payable March 18, 2013, to shareholders of record on March 4, 2013. Full Article
FirstMerit Corp Announces Quarterly Cash Dividend Of $0.16 Per Share
FirstMerit Corp announced that quarterly cash dividend of $0.16 per share on the Company's common stock, unchanged from last quarter, payable December 17, 2012, to shareholders of record on November 26, 2012. Full Article
Law Firm of Levi & Korsinsky, LLP Announces Investigation Into Possible Breaches Of Fiduciary Duty By Board Of Citizens Republic FirstMerit Corp
Law Firm of Levi & Korsinsky, LLP announced that is investigating the Board of Directors of Citizens Republic Bancorp, Inc. for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to FirstMerit Corporation. Under the terms of the transaction, Citizens shareholders will receive 1.37 shares of FirstMerit common stock for each share of Citizens stock they own, representing a value of approximately $22.50 per share. The transaction has a total approximate value of $912 million. The investigation concerns whether the Citizens Board of Directors breached their fiduciary duties to Citizens stockholders by failing to adequately shop the Company before entering into this transaction and whether FirstMerit Corporation is underpaying for Citizens shares, thus unlawfully harming Citizens stockholders. In particular, Citizens stock has a reported Book Value of $26.74 per share for the most recent quarter. Full Article
FirstMerit Corp Announces Quarterly Cash Dividend Of $0.16 Per Share
FirstMerit Corp announced a quarterly cash dividend of $0.16 per share on the Company's common stock, unchanged from last quarter, payable September 17, 2012, to shareholders of record on August 27, 2012. Full Article
FirstMerit Corporation Announces Quarterly Cash Dividend of $0.16 Per Share
FirstMerit Corporation announced a quarterly cash dividend of $0.16 per share on the Company's common stock, unchanged from last quarter, payable June 18, 2012, to shareholders of record on June 4, 2012. Full Article
Law Offices of Howard G. Smith Announces Investigation Of FirstMerit Corporation
Law Offices of Howard G. Smith announced that it is investigating potential claims on behalf of shareholders of FirstMerit Corporation. The investigation is related to the Company’s annual shareholder meeting held April 18, 2012, at which shareholders rejected the Company’s executive compensation proposal. The investigation concerns whether certain of the Company’s executive officers were awarded excessive salaries, bonuses or other forms of compensation that were unwarranted based on FirstMerit’s financial performance. Full Article
RPT-Finance sector M&A gets creative as regulatory reviews toughen
NEW YORK, Feb 11 - When FirstMerit Corp struck a $912 million stock deal to buy Citizens Republic Bancorp last September, it offered unusually generous terms to secure $250 million in subordinated debt financing that was critical to the acquisition.
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