Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2017
Overdraft-fee class action
A class action filed in 2011 alleged that FirstMerit unfairly charged certain customers overdraft fees. After the Huntington acquisition, Huntington became responsible for associated costs. The supplied reference does not provide a final disposition or settlement amount.
2013
Potential fiduciary-duty claims concerning Citizens Republic transaction
After FirstMerit agreed to acquire Citizens Republic Bancorp in a stock transaction, several law firms investigated possible claims that the Citizens board had breached its fiduciary duties. The reported concern centered on the consideration being below the target's tangible book value. The available reference does not establish the ultimate outcome of those investigations.