FirstMerit Corp. (FMER) announced Thursday morning that it agreed to acquire Citizens Republic Bancorp (CRBC) in a stock-for-stock transaction, with a total value of approximately $912 million.
FirstMerit gapped open sharply lower Thursday and declined until mid-morning. The stock closed down by 1.93 at $15.23 on the highest volume of the year. FirstMerit sank to a 3-month low and fell below both its 50 and 200-day moving averages.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.