DALLAS, March 22, 2010 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring financial company Citizens Republic Bancorp Inc. (Nasdaq:CRBC). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The full report is available at: http://www.beaconequity.com/i/CRBC
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Citizens Republic Bancorp Inc. (CRBC) is a diversified banking and financial services company that is registered as a bank holding company. CRBC provides a range of banking and financial services to individuals and businesses through its subsidiaries Citizens Bank and F&M Bank, Iowa. The Company operates in three divisions: Specialty Commercial, Regional Banking and Wealth Management.
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In the report, the analyst notes:
"CRBC recently announced a net loss of $64.7 million for the three months ended December 31, 2009, compared with $56.9 million for the third quarter of 2009 and $195.4 million for the fourth quarter of 2008. After incorporating the $5.3 million dividend to the preferred shareholder, CRBC reported a net loss attributable to common shareholders of $70.0 million for the three months ended December 31, 2009.
"CRBC announced recently that it has received approval from NASDAQ to transfer its common stock listing from the NASDAQ Global Select Market to the NASDAQ Capital Market effective March 22, 2010. As a result of this transfer, the Corporation will have until September 20, 2010, to regain compliance with NASDAQ's $1.00 minimum closing bid price requirement for continued listing."
To read the entire report visit: http://www.beaconequity.com/i/CRBC
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