Investopedia: Citizens Republic On The Road Back

When you realize that Citizens Republic Bancorp (Nasdaq:CRBC) is heavily exposed to Michigan, heavily exposed to non-mortgage consumer and commercial lending, and holds relatively low interest-free deposits, it's not so surprising that the company was in dire shape not so long ago. As the Michigan economy recovers and this bank transitions from survival to growth, though, this bank may have yet more to offer.

Strong in a Tough Neighborhood 

Citizens Republic is a fairly typical regional bank, with a large business in its home market (Michigan) and a smaller presence in neighboring states like Wisconsin and Ohio. About 10% of Citizens Republic's offices/branches are in Ohio, and the bank holds a 0.4% deposit share in the state. Wisconsin is home to about 20% of the branches and the market share is 0.9% - good enough for number 12 in the state.

Read more at this link:
http://stocks.investopedia.com/stock-analysis/2012/Citizens-Republic-On-The-Road-Back-CRBC-GM-FITB-PNC0228.aspx