First Citizens Banc Corp Announces Successful Completion of its Offering of Depositary Shares

 First Citizens Banc Corp Announces Successful Completion of its Offering of
                              Depositary Shares

PR Newswire

SANDUSKY, Ohio, Dec. 19, 2013

SANDUSKY, Ohio, Dec. 19, 2013 /PRNewswire/ --First Citizens Banc Corp
(NASDAQ: FCZA) (the "Company") announced today the successful completion of
its public offering of 1,000,000 depositary shares, each representing a 1/40th
ownership interest in a 6.50% Noncumulative Redeemable Convertible Perpetual
Preferred Share, Series B, of the Company with a liquidation preference of
$1,000 per share (equivalent to $25.00 per depositary share). The Company sold
the maximum of 1,000,000 depositary shares in the offering, resulting in gross
proceeds to the Company of $25,000,000.

The Company plans to use the net proceeds of the sale of the depositary shares
to redeem all of its outstanding Fixed Rate Cumulative Perpetual Preferred
Shares, Series A (the "Series A Preferred Shares"), which the Company
originally issued and sold to the U.S. Treasury on January 23, 2009 in
conjunction with its participation in the Treasury's Capital Purchase Program.
The Company has applied to the Board of Governors of the Federal Reserve
System for approval of the redemption of the Series A Preferred Shares. Upon
receipt of approval from the Federal Reserve, the Company intends to complete
the redemption of the Series A Preferred Shares during the first quarter of
2014 and prior to the increase in the dividend rate on the Series A Preferred
Shares from 5% to 9% per annum beginning on February 14, 2014.

The depositary shares have been approved for listing on the NASDAQ Capital
Market under the symbol "FCZAP" and are expected to be available for trading
on Friday, December 20, 2013.

James O. Miller, President and CEO commented, "The successful completion of
this offering allows us to begin focusing on other initiatives including our
core business of banking. I am pleased with the level of local involvement we
were able to generate for this offering."

Keefe, Bruyette & Woods, Inc. served as the Company's placement agent for the
offering.

First Citizens Banc Corp is a $1.1 billion financial holding company
headquartered in Sandusky, Ohio. The Company's banking subsidiary, The
Citizens Banking Company, operates 28 locations in Central and North Central
Ohio.

First Citizens Banc Corp may be accessed at www.fcza.com. The Company's
common shares are traded on the Nasdaq Capital Market under the symbol "FCZA".

CONTACT:
James O. MillerPresident and
Chief Executive Officer
(419) 627-4555
jomiller@fcza.com

SOURCE First Citizens Banc Corp

Website: http://www.fcza.com