FirstMerit Corporation Prices Offerings of Depositary Shares and Subordinated Notes

FirstMerit Corporation Prices Offerings of Depositary Shares and Subordinated

PR Newswire

AKRON, Ohio, Jan. 29, 2013

AKRON, Ohio, Jan. 29, 2013 /PRNewswire/ --FirstMerit Corporation (Nasdaq:
FMER) ("FirstMerit" or the "Corporation") today announced the pricing of its
public offering (the "Depositary Shares Offering") of 4,000,000 depositary
shares (the "Depositary Shares"), each representing a 1/40th interest in a
share of its 5.875% Non-Cumulative Perpetual Preferred Stock, Series A,
without par value, $1,000 liquidation preference per share (equivalent to
$25.00  per Depositary Share) (or up to an aggregate of 4,600,000 Depositary
Shares if the underwriters of such offering exercise their option to purchase
additional Depositary Shares in full) and $250 million aggregate principal
amount of its 4.350% Subordinated Notes due 2023 (the "Notes") (the "Notes
Offering," and, together with the Depositary Shares Offering, the "Offerings")
in separate registered public offerings. FirstMerit intends to apply to list
the Depositary Shares on the New York Stock Exchange under the symbol "FMCP."
If the application is approved, FirstMerit expects trading of the Depositary
Shares on the New York Stock Exchange to commence within the 30‐day period
after the initial delivery of the Depositary Shares.

The Corporation expects to close the Offerings on February 4, 2013 (such
settlement being referred to as "T+5"), subject to satisfaction of customary
closing conditions.

FirstMerit expects to use the net proceeds from the Offerings to purchase, in
connection with its acquisition of Citizens Republic Bancorp, Inc.
("Citizens"), Citizens' outstanding Series A preferred stock, which Citizens
issued to the U.S. Treasury as part of the Troubled Asset Relief Program, plus
the payment of all accrued, cumulated and unpaid dividends.

Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBC Capital Markets, LLC,
Barclays Capital Inc. and Credit Suisse Securities (USA) LLC are serving as
joint book-running managers for the Offerings.

The Offerings may be made only by means of a prospectus supplement and the
accompanying prospectus. A copy of the final prospectus supplement and
accompanying prospectus relating to the Offerings may be obtained, when
available, by phone call or e-mail from Merrill Lynch, Pierce, Fenner & Smith
Incorporated, at 1-800-294-1322 or via e-mail at; RBC Capital Markets, LLC, at 1-866-375-6829
or via e-mail at; Barclays Capital Inc.,
at 1-888-603-5847 or via e-mail at; or
Credit Suisse Securities (USA) LLC, at 1-800-221-1037 or via e-mail at

This release does not constitute an offer to sell or the solicitation of an
offer to buy any securities, nor will there be any sale of these securities in
any state or jurisdiction in which such an offer, solicitation or sale is not
permitted. A registration statement relating to these securities has been
filed with the Securities and Exchange Commission and is effective.

About FirstMerit Corporation
FirstMerit Corporation is a diversified financial services company
headquartered in Akron, Ohio, with assets of $14.9 billion as of December 31,
2012 and 196 banking offices and 203 ATM locations in Ohio, Chicago and
Western Pennsylvania areas. FirstMerit provides a complete range of banking
and other financial services to consumers and businesses through its core
operations. Principal wholly-owned subsidiaries include: FirstMerit Bank,
N.A., FirstMerit Mortgage Corporation, FirstMerit Title Agency, Ltd., and
FirstMerit Community Development Corporation.

Forward-Looking Statements
This release contains forward-looking statements relating to the use of
proceeds in connection with the Corporation's pending acquisition of Citizens,
which is subject to shareholder, regulatory and other approvals. Please refer
to those risk factors detailed in the Corporation's periodic reports and
registration statements filed with the Securities and Exchange Commission. The
Corporation undertakes no obligation to release revisions to these
forward-looking statements or reflect events or circumstances after the date
of this release.

FirstMerit Corporation
Analysts: Thomas O'Malley/Investor Relations Officer
Phone: 330-384-7109
Media Contact: Robert Townsend/Media Relations Officer
Phone: 330.384.7075

SOURCE FirstMerit Corporation

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