Key Developments For First Citizens Bancorp Cleveland
First Citizens Bancorp Cleveland (FCZA.O) (Consolidated Issue listed on NASDAQ Capital Market)
First Citizens Banc Corp.'s Citizens Banking Company Announces Completion of Acquisition Of Futura Banc Corporation
First Citizens Banc Corp.'s Citizens Banking Company announced that it has completed the acquisition of Futura Banc Corporation, which was announced on June 2007. The total deal value was $65.5 million and deal value per share was $22.99. First Citizens paid $23.00 in cash or issued 1.1726 shares of common stock for each Futura stock, subject to 80% of consideration paid in stock. Options and shares under the 401K plan have been exchanged for cash.
First Citizens Banc Corp. Announces Resignation Of David Voight As President And CEO-DJ
Dow Jones reported that First Citizens Banc Corp.'s David Voight intends to retire as President and Chief Executive Officer (CEO) effective December 19, 2007. James Miller, who currently serves as Chief Executive and President of the Citizens Banking Co., will take on the additional roles of President and CEO of the Company, succeeding Voight.
