Citizens Republic Bancorp 8K Departure of Directors or Certain Officers | CTZ+A 10 May 10

Exhibit 99.2

Investor Presentation First Quarter 2010 1 Safe Harbor Statement Discussions and statements in this presentation that are not statements of historical fact (including without limitation statements that include terms such as “will,” “may,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “project”,“intend,” and “plan”) and statements regarding Citizens’ future financial and operating results, plans, objectives, expectations and intentions, are forward-looking statements that involve risks and uncertainties, many of which are beyond Citizens’ control or are subject to change. No forward -looking statement is a guarantee of future performance and actual results could differ materially. Factors that could cause or contribute to such differences include, without limitation, risks and uncertainties detailed from time to time in Citizens’ filings with the Securities and Exchange Commission. Other factors not currently anticipated may also materially and adversely affect Citizens’ results of operations, cash flows, financial position and prospects. There can be no assurance that future results will meet expectations. While Citizens believes that the forward-looking statements in this presentation are reasonable, you should not place undue reliance on any forward-looking statement. In addition, these statements speak only as of the date made. Citizens does not undertake, and expressly disclaims any obligation to update or alter any statements, whether as a result of new information, future events or otherwise, except as required by applicable law. 2 2

CRBC — A Retail Community Bank Company Overview Total Revenue by Line of Business Regional 11% Banking 49th largest bank holding company in the U.S. ranked by assets 5% Specialty Consumer - - $11.7 billion assets and $8.5 billion 6% Wealth deposits Management - - Presence in 3 Upper Midwest states Specialty with 218 branches and 255 ATMs Comm. Largest bank headquartered in MI 78% - - #7 deposit market share - - Top 5 deposit ranking in 18 of 41 MSAs Total Revenue by Region - - #1 Small Business Administration lender for 2008 & 2009 Mid-Michigan 17% Wealth Management business 27% - - $3.0 billion in assets under Western MI administration Sold 10 branch Iowa franchise on 16% Southeast MI April 23, 2010 for $50 million cash No sub-prime, CDO or CLO Wisconsin exposure 21% 19% Other 3 3 Premier Michigan Bank Regional Banking Structure Major MSAs 218 Branches / 255 ATMs M arket # o f D epo sits % o f Share MSA Rank B ranches (millio ns) F ranchise (%) Michigan — Major MSAs Flint 1 20 $2,370 27.2 50.1 Detroit 10 31 1,216 14.0 1.3 Saginaw 1 15 605 6.9 31.1 Lansing 3 14 482 5.5 10.0 Jackson 2 8 411 4.7 18.7 Ann Arbor 11 6 250 2.9 4.2 Bay City 2 5 210 2.4 19.2 Cadillac 1 7 200 2.3 38.8 Owosso 3 6 154 1.8 23.4 Houghton 2 3 112 1.3 19.6 Sturgis 3 4 107 1.2 15.4 Alpena 1 2 99 1.1 25.2 Total Michigan 7 155 $7,111 81.7 4.3 Non-Michigan — Major MSAs Cleveland, OH 15 12 $339 3.9 0.5 Green Bay, WI 8 9 230 2.6 2.8 Appleton, WI 9 6 169 1.9 4.6 Stevens Point, WI 5 2 93 1.1 6.99 Platteville, WI 8 4 91 1.0 7.42 Total Non-Michigan 60 $1,594 18.3 NA Source: SNL Financial as of 6/30/09, proforma for sale of 10 Iow a branches in 2010 4 4

Michigan Economy Showing Stabilization Trends Unemployment Trends Michigan experienced a more severe recession than the rest of the 16 country 14 - - Started in 2000 12 - - 10 Bankruptcy filings of Chrysler, GM and 8 key automotive suppliers 6 - - Detroit hardest hit region in the state 4 where Citizens has no presence 2 - - Unemployment rate of 14.5% vs. 10.0% — 03 — 04 — 04 — 05 — 0 5 — 06 — 07 — 08 — 0 8 — 09 — 10 n - - 03 n — 06 l — 07 n — 09 for the entire U.S. as of December 2009 J a Jul J an J ul Jan J ul J a Jul J an J u Jan J ul J a Jul J an - - Fell to 14.1% in March 2010 US Unemployment MI Unemployment Michigan employment trends 4,300 - - 4,200 Job losses of 224,600 in 2008 and 210,800 in 2009 4,100 4,000 - - Expect employment to remain flat in 2010 and show improvement in 2011 3,900 3,800 - - Employment levels have stabilized over 3,700 the last nine months; year over year trends similar to national economy 3,600 - - 3,500 Stabilization will create opportunities as 8 08 8 8 9 0 Michigan continues to re-establish itself — 0- 08- 08 — 0- 08- 08- 08 — 08- 08 — 08- 0- 09- 09- 09- 0 9- 09- 09- 09- 09 — 09- 09- 09- 1- 10 Jan y — 0 Jul Jul and strengthen its new core economy Feb M arApr — M aJu n Aug Sep O ctN ov DecJan Feb MarApr May Jun Aug Sep O ctN ov DecJa n Feb Michigan Nonfarm Employment (Seasonally Adjusted) Trend 5 Source: U.S. Bureau of Labor Statistics 5 Michigan Economy Housing Trends Freddie Mac Conventional Mortgage Home Price Index Michigan never 200.00 experienced the national 175.00 housing bubble - - Housing prices began falling 150.00 in Michigan prior to rest of Index Value the country 125.00 - - Limited additional downside 100.00 remains in prices of homes 1 3 3 1 4 000 0 4010 0 1 0 4 0 2 0 3 0 2 - - Michigan home values are 2000 0 3 040 0 5 0 8 090 20 20 2 00202 200320 20 20 2 0060 1 200604 200720 2 009020 just 4.5% over levels ten years ago, while nationally Michigan United States values are 60% higher 100% - - Housing permits are up 80% strongly from 2009 lows, 60% though still just a fraction of 40% levels five years ago 20% - - Loss severity levels have 0% been fairly consistent over (20%) the past three years (40%) (60%) (80%) 5 6 6 7 9 — 0 — 05 l — 0 — 07 l — 0 — 08 — 0 8 — 0 — 09 Jul n — 0 n — 10 Jan J a J u Ja n J u Jan Ju l Jan Jul J a Year Over Year Change in Housing Permits 6 Source: Freddie Mac 6

Evolving Composition of Michigan Economy Michigan economy has seen a fundamental shift over the past 10 years - - Less reliance on automotive and manufacturing sectors As the Michigan economy continues to evolve and stabilize, Citizens is well positioned for a rebound in the non-manufacturing sectors of the economy - - Particularly in consumer, small business, and the lower middle market Michigan Employment by Industry February 2000 February 2010 1,000s % 1,000s % Trade, Transportation, and Utilities 775.8 16.9% Government 652.8 17.3% Government 695.4 15.2% Trade, Transportation, and Utilities 624.4 16.6% Professional Services 625.5 13.6% Health Care 533.0 14.2% Other Manufacturing 574.1 12.5% Professional Services 498.2 13.2% Health Care 444.0 9.7% Leisure and Hospitality 348.2 9.3% Motor Vehicle 404.3 8.8% Other Manufacturing 327.8 8.7% Leisure and Hospitality 371.5 8.1% Motor Vehicle 185.9 4.9% Financial Activities 205.2 4.5% Financial Activities 183.8 4.9% Construction 180.4 3.9% Other Services 163.9 4.4% Other Services 172.6 3.8% Construction 95.5 2.5% Information 72.0 1.6% Education Services 91.4 2.4% Education Services 55.1 1.2% Information 51.6 1.4% Mining and Logging 8.6 0.2% Mining and Logging 6.7 0.2% Total Nonfarm 4,584.5 Total Nonfarm 3,763.2 Total Manufacturing 978.4 21.3% Total Manufacturing 513.7 13.7% 7 Source: U.S. Bureau of Labor Statistics 7 Possible Future Regulatory Actions Primary regulators of CRBC and Citizens Bank completed an interim supervisory assessment in February 2010 - - Pursuant to their continuous supervisory program that covers most banks of our size and larger - - The assessment was based on data as of September 30, 2009 We expect that CRBC and Citizens Bank will become subject to the issuance of a formal administrative action - - Based on communications with our primary regulators - - Most likely in the form of a written agreement - - Due to our high level of non-performing assets and the resulting impact to our earnings We currently do not anticipate that compliance with the administrative action will materially impact our operations - - However we can not provide any assurance as to the potential impact of such actions 8 8

Investment Highlights Attractive Upper Midwest franchise with $8.5 billion in deposits across Michigan and Solid Deposit Wisconsin and in the greater Cleveland, Ohio area Franchise Leading market share in Michigan MSAs Strong growth in core deposits Strong liquidity supported by diversified funding sources Significant untapped secured borrowing capacity Eliminated need for short-term wholesale funding Excess Over $700 million cash cushion sold to the Federal Reserve daily Liquidity Suspended trust preferred dividends in 4Q09, in consultation with regulators, saving $4.9 million of cash per quarter Parent company cash resources totaled $110 million at 3-31-10, does not include $50 million from sale of F&M Bank — Iowa Capital ratios are among the highest in peer group and remain key focus with the current economic environment Initiatives enacted to enhance and preserve capital include: Maintaining — Suspended common stock dividend in 1Q08, saving $88 million annually Solid Capital — $200 million equity raise in 2Q08 Levels - - Received $300 million of TARP in December 2008 and evaluating conversion opportunities - - Exchanged $108 million sub debt and $101 million trust preferreds for $198 million common in 3Q09 with over 75% participation 9 9 Investment Highlights Diligently addressing credit issues Proactively — Accelerated the recognition of losses and boosted loan loss reserve levels Addressing — Use of third party servicer (PHH) for mortgage and loss mitigation strategies Credit Issues — Tightened underwriting criteria where needed - - Announced NPL/ORE residential mortgage loan sale to be completed in 2Q10 Key selling opportunities continue to exist across the retail delivery channel, small Favorable business, and lower middle market Growth Opportunities Market disruption in Michigan creates environment for good organic growth Positioned to build market share in attractive Midwest MSAs when appropriate Management team with broad large bank experience Strong Experienced in managing turnaround / workout situations in difficult operating Management environments Team New key senior leaders over the last two years CRBC trades at a significant discount to tangible book value Attractive CRBC is well positioned to take advantage of a stabilizing economy Valuation CRBC represents an attractive opportunity for investors interested in a financial services company with a compelling risk/reward profile Post credit cycle performance goal is 1% ROA 10 10

1Q10 Highlights Pre-tax, pre-provision earnings were up 5% over last quarter Watch list was down for the second quarter in a row Delinquencies are down 7% from last quarter - - Lowest levels since March 2007 - - Signal of stable trends Non-performing loans and non-performing assets were down Expense management continues to help offset elevated credit costs Large level of net charge-offs due to non-performing residential mortgage loan and ORE sale Closed on sale of F&M Bank — Iowa on April 23,2010 (added approx. $50 million of cash to holding company) 11 11 Recent Trends Highlight Core Strength Pre-Tax Pre-Provision Core Earnings (in millions) 2Q09 3Q09 4Q09 1Q10 Net loss $ (337.2) $ (58.0) $ (65.4) $ (76.0) Income tax (benefit) provision (11.0) (11.2) (3.8) 0.1 Provision for loan losses 98.9 77.4 84.0 101.4 Goodwill impairment charge 256.3 Net loss on debt extinguishment 15.9 Investment securities gains (6.0) FDIC special assessment 5.4 Fair-value adjustment on LHFS 4.4 0.9 8.7 7.7 Fair-value adjustment on ORE 3.3 3.9 8.1 6.8 Fair-value adjustment on BOLI (0.4) (0.0) (0.1) Fair-value adjusment on swaps 0.6 1.0 1.4 0.8 Pre-Tax Pre-Provision Core Operating Earnings (1) $20.6 $29.6 $33.1 $34.7 Last 12 Months $117.9 (1) Non-GAAP measure, as defined by management, represents net income (loss) excluding income tax provision (benefit),provision for loan losses, securities (gains)/losses, and any impairment charges (including goodwill, credit writedowns 12 and fair-value adjustments) caused by this economic cycle. 12

Proactive Credit Management 13 Majority of Stress from Smallest Portfolio ($ in millions) Portfolio Balances 30-89 Day Past Due $10,000 9% Consumer 8% $8,000 7% Res Mortgage 6% $6,000 LH, L Dev & Cons 5% Income Producing 4% $4,000 3% Owner-Occupied $2,000 2% C & I 1% $0 0% 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 NPLs/ Loans NCOs/ Avg. Loans (annualized) * 36% 24% 30% 20% 24% 16% 18% 12% 12% 8% 6% 4% 0% 0% 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 * 4Q09 and 1Q10 include $20 million and $74 million charges, 14 respectively in conjunction with the transfer of loans to LHFS 14 14 7

1Q10 Credit Trends Delinquency trends continue to show great progress - - Less than 2% of portfolio - - At the lowest level since March 2007 Watch list down for the second quarter in a row Solid commercial (non-CRE) loan performance - - Past due loans down to 0.83% from 1.95% in 1Q09 and the 4Q08 peak of 2.13% Non-performing loans were down from 4Q09 (net of LHFS transfer) - - Transferred non-performing residential mortgage loans to LHFS taking $74.2 million charge - - Taking advantage of current market opportunities as we expect further deterioration in these types of loans in the future - - Reduced allowance for loan loss after the transfer Allowance for loan losses to total loans of 4.33% is almost double our peer median of 2.20% 15 15 Stressed Portion of CRE Portfolio Land Hold, Land Development and Construction Loans Portfolio Overview 30-89 Day Past Due Small piece of overall portfolio contributing to large portion of ($ in millions) NPLs and NCOs $45 $44 12% Total portfolio is down 59% from 4Q06 balance of $752 million $40 $36 $35 $33 No new Land Hold or Land Development since January 2007 $32 9% Less than 16% of residential development in construction $30 $26 8.2% $25 8.3% Historical severity levels of 40-60% expected to trend to 70% $22 6% $20 7.4% 6.5% 5.7% ($ in millions) Watchlist $15 As of 3/31/10 Portfolio $ % 4.3% 3% $7 $10 $6 Land Hold $39 $29 74% $5 $5 1.6% 2.2% 1.5% Land Development 101 50 50% $0 0% 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 Construction 164 54 33% % of Total 18% 12% 21% 13% 13% 4% 14% 4% 3% CRBC 30-89 Days Total High Risk $305 $134 44% % of Total Loans 4% NCOs/ Avg. Loans NPLs/ Loans ($ in millions) $35 35% ($ in millions) $30.9 $120 25% $30 30% $104 $24.6 $100 $25 25% 20% $21.1 31.0% $80 $20 5.6% 20% 17.7% $64 $67 15% $61 $57 $53 $15 6.8% 15% $60 22.1% $52 16.0% 10% $9.1 $39 12.0% $10 $8.3 $8.4 $8.8 10% $40 10.8% 15.5% $31 12.4% 7.5% 5% $5 23.7% 7.9% $2.8 5% $20 8.8% 9.8% 5.9% $0.1 2.8% .2% $0 0% $0 0% 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10% of Total 48% 45% 41% 26% 23% 18% 4% 30% nm 16 % of Total 41% 28% 25% 17% 12% 13% 12% 7% 16% CRBC NPLs CRBC NCOs 16 8

Large Portion of CRE — Manageable Stress Income Producing Portfolio Overview 30-89 Day Past Due Income Producing portfolio is down 2% from 1Q08 ($ in millions) Majority of portfolio inherited from Republic $90 5% acquisition $80 $77 4.9% 4% Historical severity levels of 15-20% expected to $70 $64 trend to 30% $60 $50 4.1% $50 $52 $48 3% ($ in millions) Watchlist $50 $45 3.1% $41 3.4% As of 3/31/10 $ % 3.3% 3.3% $40 3.0% $29 2.7% 2% Michigan $940 $314 33% $30 Ohio 389 132 34% $20 1.9% 1% Wisconsin 86 44 51% $10 Other 117 33 28% $0 0% 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 Total $1,532 $523 34% % of Total 16% 25% 23% 27% 27% 29% 24% 26% 36% CRBC 30-89 Days % of Total Loans 21% NPLs/ Loans NCOs/ Avg. Loans ($ in millions) ($ in millions) $160 $139 10% $30 7% $144 $140 $127 $24.5 $122 6% 9.4% $25 $116 9.1% 8% $21.6 $120 8.4% 6.5% 8.0% 5% $20 $100 7.5% 5.5% $79 6% 4% $15 $12.6 $13.2 $80 $58 3% 4% $7.8 $60 5.1% $10 3.3% 3.5% $7.6 $41 $7.7 2% 3.8% $4.4 $40 2.0% 2.0% $23 2% $5 2.0% 2.6% 1% $20 $0.9 $4.2* 1.2% 1.1% 2.5% $0 0% $0 0% 0.3% 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 % of Total 5% 11% 20% 27% 21% 26% 34% 16% 6% % of Total 16% 17% 25% 26% 27% 28% 25% 26% 35% CRBC NCOs 17 CRBC NPLs * Excludes $17.5 million credit write-down in 4Q0817 Large Portion of CRE — Manageable Stress Owner Occupied Portfolio Overview 30-89 Day Past Due Owner Occupied portfolio is down 6% from 1Q08 ($ in millions) $40 $38 $37 5% Underwritten based on historical Citizens criteria $35 Historical severity levels of 25-30% expected to 4% $30 trend to 35% 3.9% 4.0% $25 $24 $25 3% ($ in millions) Watchlist $21 $19 $19 As of 3/31/10 $ % $20 $16 2.5% 2.6% $14 2% Michigan $752 $209 28% $15 2.2% 1.9% 1.9% 1.6% $10 1.5% Wisconsin 100 17 17% 1% $5 Ohio 65 10 15% $0 0% Other 15 1 7% 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10% of Total 10% 10% 10% 13% 16% 9% 13% 16% 9% Total $932 $237 25% CRBC 30-89 Days % of Total Loans 13% NPLs/ Loans NCOs/ Avg. Loans ($ in millions) ($ in millions) $100 10% $9 5% $89 $90 $83 $8 $7.4 9.6% $6.9 4% $80 $71 8.5% 8% $7 $70 $70 $66 $6 7.1% 3% $60 7.3% 6% 7.0% $5 $4.6 3.0% $50 3.0% 1.9% $4 $3.1 2% $3.4 $40 4% $31 $3 $2.4 $2.5 $30 $23 1.4% 1% $18 $2 0.3% 1.3% $20 3.3% 2% $1.3 1.0% $13 1.0% $1 $10 1.8% 0% 2.4% 2.5% ($0.1) 0.5% $0 0% $0 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 ($1) 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 -1% % of Total 9% 10% 8% 10% 15% 14% 14% 18% 22% % of Total n/m 5% 6% 4% 7% 15% 6% 3% 6% 18 CRBC NPLs CRBC NCOs 18 9

Solid Commercial Loan Performance Commercial & Industrial and Small Business Loans Portfolio Overview 30-89 Day Past Due Citizens core franchise is performing well due to ($ in millions) portfolio clean-up between 2002 — 2004 $60 3.0% $54 Total portfolio is down 29% from 1Q08 $50 2.5% 2.1% $46 Includes $268 million outstanding & $128 million 2.0% $40 $40 2.0% watch balance of ABL (normal grading) $34 1.5% $29 $29 Historical severity levels of 25-30% expected to $30 1.6% 1.5% 1.1% 1.1% trend to 35% $20 $20 $17 1.0% $15 1.0% ($ in millions) Watchlist 0.9% 0.8% $10 0.5% As of 3/31/10 $ % C&I Loans $1,448 $445 31% $0 0.0% Small Business Loans 377 40 11% 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 Total $1,825 $485 27% % of Total 21% 15% 13% 19% 19% 20% 11% 11% 11% % of Total Loans 25% CRBC 30-89 Days NPLs/ Loans NCOs/ Avg. Loans ($ in millions) ($ in millions) $120 $112 6% $25 5% $22.4 $21.6 $20.1 $100 $92 5.4% 5% $84 $20 4.7% 4% $84 3.9% $80 4.3% 4.4% $70 4% $66 $15 3.4% 3% $12.9 3.6% 3.8% $60 3% 2.8% $40 $33 2.6% $10 2% $8.0 $40 $24 2% $6.8 1.5% $5 1.4% 1% $20 1% 1.3% 1.3% 0.9% $1.4 $0.7 $2.6* $0.6 $0 0% 0.4% $0 0% 0.1% 0.1% 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 1Q08 2Q08.1% 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 % of Total 10% 24% 17% 22% 20% 19% 22% 18% 18% % of Total 5% 1% 3% 27% 22% 14% 28% 28% 11% 19 CRBC NPLs CRBC NCOs * Excludes $19.3 million credit write-down in 4Q08 19 Consistent Disciplined Underwriting Residential Mortgage Loans Portfolio Overview 30-89 Day Past Due $187,000 Average loan size ($ in millions) $45 4% 725 Recently refreshed average portfolio FICO score $38 $39 $40 $37 73% Average original LTV $33 $35 $30 3% Portfolio is down 39% since 4Q07 2.4% 3.0% 3.1% $28 $30 3.0% $26 Historical severity level of 35-40% expected to trend to 2.8% $25 2.5% $22 $22 2% 50-55% $20 2.2% 2.5% 2.1% $15 ($ in millions) 1% As of 3/31/10% $10 Michigan $720 82% $5 Ohio 56 6% $0 0% 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 Wisconsin 37 4% % of Total 18% 20% 17% 14% 11% 16% 16% 14% 15% Other 64 7% CRBC 30-89 Days Total $877 100% % of Total Loans 12% NPLs/ Loans NCOs/ Avg. Loans ($ in millions) ($ in millions) $140 14% $90 40% $125 $80.1 $80 35% $120 12% $106 $103 $70 36.5% 30% $100 12.2% 10% $84 $60 25% $80 9.9% 8% $50 9.1% 20% $59 $40 $60 6% $45 15% $40 7.1% $30 $20.6 $40 4% 10% $20 4.7% $18 $10.0 3.2% $1.6 $0.8 $2.2 $6.0 5% $20 3.3% $12 2% $10 6.4% $0.5 $1.7 2.0% 3.7% 2.3% $0 0.5% 0.5% 0.8% 0% $0 0% 1.5% 0.9% 1Q08 2Q08 0.2% 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 % of Total 18% 9% 17% 19% 20% 21% 21% 27% 4% % of Total 10% 30% 2% 2% 2% 4% 14% 7% 68% 20 CRBC NCOs CRBC NPLs 20

Consistent Disciplined Underwriting Direct and Indirect Consumer Loans Portfolio Overview 30-89 Day Past Due Recently refreshed portfolio FICO scores ($ in millions) $50 4% Strong historical delinquency performance $43 $43 $45 $41 Approximately 80% of HE is seasoned 24 months — $40 $37 $37 $35 $35 3% no brokered $35 $33 $33 <28% of HE is 2006 and 2007 vintage $30 2.0% $25 2% Approximately 39% of HE in 1st lien position 1.5% 1.6% 2.1% 1.4% 1.4% 1.9% $20 1.8% 1.9% Expect severity levels to remain consistent $15 1% $10 Avg. $5 Avg. Loan Refreshed As of 3/31/10 $ millions Size FICO $0 0% Home Equity $966 $37,000 750 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 % of Total 18% 17% 15% 15% 15% 22% 22% 28% 26% Indirect 794 22,000 739 CRBC 30-89 Days Other Direct 209 11,900 718 Total $1,969 % of Total Loans 26% NPLs/ Loans NCOs/ Avg. Loans ($ in millions) ($ in millions) $30 4% $14 4% $12.4 $24 $24 $12 $11.5 $25 $23 $10.8 $10.3 $22 3% 3% $10 $9.3 $9.3 $19 $20 $18 $17 $17 $8 $15 $6.6 $5.9 2.4% 2% $15 2% $5.7 2.1% $6 2.0% 2.1% $10 $4 1.5% 1.8% 1% 1% 1.0% 1.0% 1.2% $5 1.1% $2 1.0% 1.2% 1.0% 1.1% 0.7% 0.8% 0.8% 0.8% $0 0% $0 0% 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 % of Total 6% 13% 8% 6% 5% 4% 5% 5% 5% % of Total 33% 9% 29% 14% 25% 22% 13% 15% 9% 21 CRBC NCOs CRBC NPLs 21 Strong Balance Sheet 22 11

Maintaining Strong Capital Levels ($ in millions) 3/31/09 6/30/09 9/30/09 12/31/09 3/31/10 Tier 1 capital $1,161 $1,079 $1,133 $1,067 $980 Qualifying LLR $121 $117 $113 $109 $104 Qualifying capital securities $75 $75 $10 $10 $7 Total risk-based capital $1,357 $1,271 $1,257 $1,186 $1,091 Tier 1 capital $1,161 $1,079 $1,133 $1,067 $980 Qualifying capital securities $ (175) $ (175) $ (74) $ (74) $ (74) Preferred stock $ (268) $ (269) $ (270) $ (272) $ (274) Proforma Tier 1 common equity $718 $635 $789 $721 $632 3/31/10 * Parent Company Cash $220 $164 $120 $111 $110 $160 Total Capital Ratio 14.21% 13.91% 14.23% 13.93% 13.49% 13.79% Tier 1 Capital Ratio 12.16% 11.81% 12.83% 12.52% 12.12% 12.42% Tier 1 Leverage Ratio 9.32% 8.68% 9.63% 9.21% 8.47% 8.82% Tier 1 Common Ratio 7.52% 6.95% 8.94% 8.47% 7.82% 8.01% TCE to TA 5.53% 5.09% 6.71% 6.16% 5.54% 5.79% * Includes the estimated impact of the F&M Bank sale which closed on 4-23-10 TCE — tangible common equity TA — tangible assets 23 23 Significant Cushion over Regulatory Minimums (1) Tangible Tier 1 Total Tier 1 Tier 1 Common ($ in millions) Capital Capital Leverage Common Equity Capital Ratios and Excess Capital at 3/31/10:* Regulatory minimum for “Well-Capitalized” 6.00% 10.00% 5.00% n/a n/a CRBC as of 3/31/10 12.12% 13.49% 8.47% 7.82% 5.54% Excess capital over minimum at 3/31/10 $494.4 $281.8 $400.9 n/a n/a + Pre-Tax Pre-Provision Earnings for the next 7 $175 — $250 quarters through 2011 (Low / High Range) (2) + Capital preserved through additional balance sheet $200 declines and lower loan loss reserve from declining NPLs = Capital Available During this Credit Cycle Through the end of 2011: Excess Capital + PPP: Low Range $869 $657 $776 High Range $944 $732 $851 (1) For analytical purposes only ~ Not to be interpreted as projected or targeted performance (2) Non-GAAP measure, as defined by management, represents net income (loss) excluding income tax provision (benefit),provision for loan losses, and any impairment charges (including goodwill, credit write-downs and fair-value adjustments) 24 caused by this economic cycle. * Estimate 24

Factors Behind Excess Liquidity Strong Retail Deposit Growth (in millions) 9,000 $8,645 $8,630 $8,708 $8,527 $8,501 $8,481 $8,111 $8,320 $8,389 $7,936 1,027 1,059 936 670 528 8,000 793 835 918 575 575 7,000 3,171 2,970 2,862 6,000 3,232 3,220 2,733 3,248 3,158 3,308 3,400 5,000 4,000 3,000 4,552 4,686 4,891 4,804 4,829 2,000 4,288 4,369 4,386 4,263 3,961 1,000 0 /0 8 /0 9 /0 9 / 09 1 /07 12 /3 3 /31 6/30/08 9/3 0 /08 12/31/08 3 /31 6 /30 9 /30 12/31/09 3/31/10 Core Deposits Retail CDs Brokered CDs 22% Core Deposit Growth since 12-31-07 25 25 Factors Behind Excess Liquidity Less Reliance on Wholesale Funding (in millions) Loan to Deposit Ratio Declining $10,000 120% $9,000 115% $8,000 110% $7,000 $6,000 105% $5,000 100% $4,000 $3,000 95% $2,000 90% $1,000 $0 85% 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 Avg. Loans Avg. Deposits Loans/Deposits 26 26 13

Factors Behind Excess Liquidity Diversified Funding Sources $9.9 billion Excess Short-term (Liquid) Assets Holding Company Parent company cash resources totaled $109.8 million at 3-31-10. Does not include $50 million from sale of Iowa franchise which closed on 4-23-2010. Retail CDs 27.6% Suspended TARP and trust preferred Core dividends in 4Q09 saving $20 million in cash annually (expense will still be accrued) Deposits (1) Other expenses of approximately $5 million 49.0% annually Brokered Bank Funding Deposits $4.8 billion core deposit funding 9.5% (49% of total funding or 57% of total deposits) FHLB Adv. & Significant untapped secured borrowing Other LT Debt capacity 13.6% Short Term Sell over $700 million in overnight cash on Debt average to the Federal Reserve daily 0.3% Minimal reliance on short-term funding High deposit market share in core markets (1) Excludes all time deposits 27 27 High Quality / Low Risk Securities Portfolio Investment Portfolio at March 31, 2010 ($ in millions) Book Market TEY* Duration ($ in millions) Type Value Value (%) (years) Market % of Gov’t & Agencies $80 $82 6.24% 0.49 Credit Rating Value Total MBS Agency 1,233 1,272 4.03% 4.72 CMO — Agency 260 264 4.14% 4.70 Gov’t & Agency $1,618 74.5% CMO — Non-agency 185 174 4.77% 4.46 AAA 235 10.8% Municipals 260 265 4.44% 2.43 AA 154 7.1% Other/ Money Market Fund 1 1 2.02% 0.03 A 106 4.9% BAA1, BAA2 & BAA3 16 0.7% Total Available for Sale $2,019 $2,058 4.27% 4.23 BA1 & Lower 8 0.4% Municipals $113 $115 4.10% 4.66 Non-rated 36 1.7% Total $2,173 100.0% Total Held to Maturity $113 $115 4.10% 4.66 Total Investment Securities $2,132 $2,173 Sold $148 million of municipals in 1Q10, strengthening capital and liquidity positions by improving risk profile No OTTI concerns Over $1.2 billion in unpledged securities * Taxable equivalent yield 28 28 14

Prudently Built Reserve in Uncertain Economy (in millions) $120 $118 5.0% 500 (in millions) 4.4% 4.3% 4.5% 4.2% $100 4.0% 450 4.0% 400 $81 $81 $80 3.2% 3.5% 350 $71 $69 2.8% 3.0% 300 $60 $49 $50 250 2.3% 2.5% 1.9% $38 $37 200 $40 1.9% $36 2.0% $27 150 $23 $17 1.5% $20 100 $12 $5 $6 $3 1.0% 50 $0 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 0.5% 0 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 - - $20 -$17 0.0% Allowance for Loan Losses Non-Performing Loans Net Charge-Offs Reserve Increase Reserve as % of loans 85% increase in allowance while loans decreased 21% since 1Q08 29 29 Citizens Continues to Carry Higher LLR Levels Helps Maintain Strong Balance Sheet Allowance for Loan Losses LLR / Loans % (in millions) $336 $5.00% 350 $330 339 $322 4.50% 4 . 66% 4 . 33% 4 . 24% 4 . 10% 300 $280 4.00% $253 3 . 55% 5% 250 3.50% $215 3 . 1 3.00% 2% 200 $174 $179 0% 2 . 4 2.50% 2 . 2 3% 0% 0% 0% 150 1 . 9 1 . 9 2.00% 1 . 8 1 . 7 1 . 66% 100 1.50% 1 . 08% 50 1.00% 0.50% 0 0.00% 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 Specific Allocated Risk Allocated F G BC B C T S STSA M IW B SCMA FULTBXS CBSH SUSQTCB C R A S FMERVLY Citizens has proven expertise in credit workout Source: SNL Financial MRQ as of April 30, 2010 30 30

Positioned for Success 31 Business Strategy Grow retail/consumer bank franchise in Michigan and neighboring Midwest states Enhance cross-selling opportunities and customer penetration Focus on small business and lower to middle-market lending with more efficient support and streamlined underwriting - - #1 SBA Lender in Michigan for 2008 & 2009 Maintain disciplined expense management Increase fee income Combine big bank resources and capabilities with small bank customer service 32 32 16

Business Strategy (continued) Return to profitability as soon as possible - - Aggressively work through remaining credit cycle to reduce NPLs, ORE and HFS balances - - Continue to be disciplined in increasing spreads — deposits and loans - - Redeploy excess liquidity into higher earning assets vs. Fed Funds - - Eventually redeploy workout teams - - Take advantage of the disruption in Michigan as we will rebound faster than our competitors - - Target of 1% ROA in normalized environment 33 33 Why Buy CRBC Solid capital and Tangible Common Book Value of $1.59 per share liquidity levels Competent team Price/Tangible Book % in place 300 Forward looking 268.4 250 credit priorities 221.0 215.3 200 192.9 190.0 Simple, focused 176.8 166.6 149.3 146.6 150 130.6 approach 91.5 100 78.0 Positioned to be 47.0 50 Michigan’s 0 premier bank G* A V LYFMER TCBCB S H BXSFULT WBSSU S QASBC CM A MI CR BCTSFST S Source: SNL Financial as of 4-30-10 34 * Not meaningful 34

Appendix 35 35 Operating Results 36 18

Quarterly Financial Performance & Trends (in millions) 1Q 09 2Q 09 3Q 09 4Q 09 1Q 10 Net interest income $75.5 $74.0 $79.0 $81.9 $81.2 Provision 63.5 98.9 77.4 84.0 101.4 Noninterest income 18.3 19.9 10.7 14.3 22.4 Noninterest expense 79.1 343.2 81.5 81.4 78.1 Income tax (benefit) provision (3.3) (11.0) (11.2) (3.8) 0.1 Net loss from continuing operations $ (45.5) $ (337.2) $ (58.0) $ (65.4) $ (76.0) Net loss attributable to common $ (49.3) $ (352.6) $ (62.1) $ (70.0) $ (90.3) shareholders From continuting operations: 1Q 09 2Q 09 3Q 09 4Q 09 1Q 10 Net loss per common share (diluted) $ (0.40) $ (2.73) $ (0.49) $ (0.18) $ (0.21) Net Interest Margin 2.74% 2.75% 2.99% 3.13% 3.14% 37 37 Non-GAAP Common Equity Ratios ($ in thousands) 1Q 09 2Q 09 3Q 09 4Q 09 1Q 10 Total assets $12,982 $12,288 $12,072 $11,932 $11,652 Goodwill (597) (331) (331) (331) (331) Other intangible assets (19) (17) (16) (14) (13) Tangible assets $12,366 $11,940 $11,725 $11,587 $11,308 Total shareholders’ equity $1,567 $1,225 $1,403 $1,331 $1,244 Goodwill (597) (331) (331) (331) (331) Other intangible assets (19) (17) (16) (14) (13) Tangible equity $951 $877 $1,056 $986 $900 Preferred stock (268) (269) (270) (272) (274) Tangible common equity $683 $608 $786 $714 $626 Total shareholders’ equity $1,567 $1,225 $1,403 $1,331 $1,244 Qualifying capital securities 175 175 74 74 74 Goodwill (597) (331) (331) (331) (331) Accumulated other comprehensive income 35 27 3 7 6 Other assets (1) (19) (17) (16) (14) (13) Total Tier 1 capital (regulatory) $1,161 $1,079 $1,133 $1,067 $980 Qualifying capital securities (175) (175) (74) (74) (74) Preferred stock (268) (269) (270) (272) (274) Total Tier 1 common equity (non-GAAP) $718 $635 $789 $721 $632 Net risk-weighted assets (regulatory) (1) $9,550 $9,138 $8,835 $8,516 $8,083 Tangible common equity to tangilbe assets ratio 5.53% 5.09% 6.71% 6.16% 5.54% Tier 1 common equity ratio (non-GAAP) 7.52% 6.95% 8.94% 8.47% 7.82% 38 (1) Other assets deducted from Tier 1 capital and risk-weighted assets consist of intangible assets (excluding goodwill) 38

Quarterly Non-Interest Income Trends (in thousands) 1Q 09 2Q 09 3Q 09 4Q 09 1Q 10 Service charges on deposit accounts $9,856 $10,399 $11,035 $10,825 $9,684 Trust fees 3,318 3,402 3,852 4,211 3,795 Mortgage and other loan income 3,043 3,612 3,182 2,556 2,589 Brokerage and investment fees 1,295 1,365 1,473 1,063 933 ATM network user fees 1,385 1,578 1,689 1,630 1,597 Bankcard fees 1,834 2,028 1,973 1,878 2,007 Losses on loans held for sale (6,152) (4,350) (859) (8,724) (7,702) Net loss on debt extinguishment — - (15,929) — -Investment securities gains — 5 — - 6,016 Other income 3,686 1,858 4,281 833 3,474 Total Non-Interest Income (GAAP) $18,265 $19,897 $10,697 $14,272 $22,393 Net loss on debt extinguishment $ — $ — $15,929 $ — $ -Investment securities gains — (5) — - (6,016) Fair value adjustment on LHFS 6,152 4,350 859 8,724 7,702 Fair value adjustment on BOLI 235 - - (360) (19) (83) Fair value adjustment on swaps (2,444) 583 1,018 1,449 836 Operating Non-interest Income $22,208 $24,825 $28,143 $24,426 $24,832 (Non-GAAP) 39 39 Quarterly Non-Interest Expense Trends (in thousands) 1Q 09 2Q 09 3Q 09 4Q 09 1Q 10 Salaries and employee benefits $33,030 $34,953 $37,394 $30,012 $29,947 Occupancy 7,592 6,529 6,446 6,156 7,461 Professional services 3,093 2,761 3,033 2,990 2,253 Equipment 2,784 2,983 2,959 2,988 3,072 Data processing services 4,194 4,265 4,460 4,772 4,629 Advertising and public relations 1,418 2,266 1,878 1,551 1,297 Postage and delivery 1,491 1,451 1,297 1,286 1,014 Other loan expenses 5,862 6,789 6,272 5,631 5,974 ORE expenses, profits and losses, net 8,365 4,418 5,549 9,369 7,953 Intangible asset amortization 2,037 1,952 1,874 1,173 1,130 Goodwill impairment — 256,272 — - - -Other expense 9,190 18,611 10,304 15,440 13,373 Total Non-Interest Expense (GAAP) $79,056 $343,250 $81,466 $81,368 $78,103 Goodwill impairment $ — $256,272 $ — $ — $ -FDIC Special Assessment — 5,351 — - -Fair-value adjustment on ORE 7,991 3,308 3,925 8,089 6,763 Operating Non-Interest Expense $71,065 $78,319 $77,541 $73,279 $71,340 (Non-GAAP) 40 40

Non-Interest Expense and FTE Reductions Reduced normalized expense run-rate by $53 million from 2007 — 2009 1,154 FTE reduction since 2005 Baseline annual non-interest expense after credit cycle will be approximately $280 — $300 million Number of FTE at end of period 3,500 36% 3,196 decreas 2,940 e 3,000 2,420 2,500 2,149 2,053 2,042 2,000 1,500 1,000 2005* 2006 2007 2008 2009 1Q10 41 * 2005 Proforma: 2,123 Citizens FTE + 1,073 Republic FTE 41 Citizens Has Lower Expense Levels Compared to Peers Even with Elevated ORE & Workout Costs Non-Interest Expense / Average Assets % 4.00% 3.50% 3.00% 2.50% 2.00% 0 6 0 6 0 8 0 8 0 8 3Q094Q0 9 1 0 1 Q052Q053Q0 54Q0 51Q0 62 Q 3 Q 4 Q061 Q072 Q073Q0 74Q0 71 Q 2 Q 3 Q 4 Q081 Q092 Q09 1 Q Citizens* Peer Median Source: SNL Financial * Citizens includes discontinued operations; 1Q05 — 3Q06 is legacy Citizens; 4Q06 is proforma for Republic merger; 42 2Q08 & 2Q09 exclude goodwill impairment charges 42

Loan Portfolio 43 Loan Portfolio Detail At March 31, 2010 ($ in millions) By Type By State Iowa, Illinois, Indiana, and O Minnestoa 6% t h e r Commercial W 4% $1,825 isc 24% Commercial onsin Real Estate 9% $2,768 Indirect 37% Michigan Ohio 11% Consumer $794 Stratification 11% by County Michigan 70% Home Residential Equity Mortgage $966 $877 13% 12% Other Direct Consumer All Other Oakland $209 25% 3% 23% tson 2% Living Genesee 3% 14% Ba y5% n % k s o4% 5% m J a c a w S n5 a Wa b g y I ngha t e i n h n e s o m a c 8% W a w 44 M a 6% 44

Commercial & Consumer Loans 3 Year Trends Commercial Loans Consumer Loans (in millions) (in millions) 6,000 4,000 $3,778 $5,554 $5,488 $3,475 3,500 5,000 $4,733 $4,593 $3,055 3,000 $2,846 4,000 2,500 3,000 2,000 1,500 2,000 1,000 1,000 500 0 0 2007 2008 2009 3/31/10 2007 2008 2009 3/31/10 Indirect Commercial Real Estate Direct (primarily home equity) Commercial & Industrial Mortgage 45 45 Commercial Portfolio Quarterly Trends (in millions) 6,000 $5,725 $5,706 $5,689 $5,554 $5,488 587 517 532 $5,266 571 435 $5,051 $4,929 5,000 427 $4,733 402 391 $4,593 996 992 985 954 317 979 305 946 4,000 973 986 980 932 1,561 1,566 1,534 1,558 1,517 3,000 1,554 1,531 1,504 1,514 1,532 2,000 2,487 2,581 2,631 2,639 2,541 2,339 2,146 1,000 2,047 1,922 1,825 0 12-31-07 3-31-08 6-30-08 9-30-08 12-31-08 3-31-09 6-30-09 9-30-09 12-31-09 3-31-10 Land Hold, Land Development & Construction Owner Occupied Income Producing Commercial & Industrial 46 46

Diversified Granular Commercial Portfolio Very Manageable Stress in the Commercial Portfolio Loan size category: < $5 million $5 — $10 million > $10 million Total Total Commercial Portfolio Total (millions) $3,435 $690 $467 $4,593 # of loans 10,509 101 31 10,641 Average loan size $327,000 $6,835,000 $15,069,000 $432,000 Accruing Watch List Total (millions) $1,116 $200 $63 $1,379 # of loans 2,197 30 5 2,232 Average loan size $508,000 $6,670,000 $12,660,000 $618,000 Delinquencies Total (millions) $38 $30 $17 $85 # of loans 156 17 2 175 Average loan size $244,000 $1,759,000 $8,450,000 $485,000 Nonperforming Loans Total (millions) $282 $51 $37 $370 # of loans 656 7 3 666 Average loan size $430,000 $7,243,000 $12,267,000 $555,000 47 47 Diversified Granular Commercial Portfolio Total Commercial Portfolio at 3/31/10 Total # of Average Relationship Size (millions) Relationships Relationship > $20 million $230 7 $32,857,000 $10 — $20 million $610 49 $12,447,000 $5 — $10 million $907 130 $6,975,000 $1 — $5 million $1,756 831 $2,113,000 < $1 million $1,091 5,726 $191,000 Total $4,593 6,743 $681,000 48 48 24

Commercial Real Estate Portfolio At March 31, 2010 By Type By Collateral ($ in millions) Retail Office 16% 21% Warehouse/ Owner Industrial Occupied 2% Medical $932 2% Multi-Family 34% 4% Income Hotel Land Hold 4% Producing $39 13% Residential $1,532 1% 4% 55% Land Constr. Development $164 Land 9% Gas Station/ 6% Development 13% C.Store $101 Vacant Land 4% 12% Other (<2%) By Region By Size 9% 15% Southeast MI 29% < $1 million 33% 17% 7% Mid-Michigan $1-$5 million Western MI Ohio $5-$10 million 21% Wisonsin > $10 million Other 16% 8% 45% 49 49 Commercial Loan Concentration and Auto Related Exposure Are Small We define exposure as manufacturers and tier one suppliers with revenue from auto >25% vs. most banks of >50% Auto industry loans accounted for only 8.3% of total commercial outstandings Auto industry exposure accounted for 10% of total commercial loan exposure Loan Concentrations as of 3-31-10 (by NAICS Code) 1% 1% 1% Real Estate 7% 2% Manufacturing Contractors 4% Wholesale Trade Health Services 6% 47% Retail Trade 6% Travel & Food Professional Services 6% Transportation/Warehousing Agriculture 7% Arts, Entertainment & Recreation 8% Other Services 50 50 25

Consumer Portfolio Quarterly Trends (in millions) 4,000 $3,778 $3,677 $3,580 $3,542 $3,475 3,500 $3,358 829 $3,251 $3,168 819 $3,055 833 843 3,000 821 $2,846 802 808 825 805 2,500 794 1,520 1,481 2,000 1,453 1,434 1,406 1,362 1,310 1,269 1,224 1,500 1,175 1,000 1,428 1,377 1,294 1,265 1,249 1,194 1,132 500 1,073 1,025 877 0 12/31/07 3/31/08 6/30/08 9/30/08 12/31/08 3/31/09 6/30/09 9/30/09 12/31/09 3/31/10 Mortgage Direct (primarily home equity) Indirect 51 51 High Quality Consumer Portfolio 26% of total portfolio but only 5% of NPLs Expect losses to be significantly Total less than SCAP levels Commercial & Home Equity, Residential Indirect & Did not originate much in 2006 & Mortgage Other Direct 74% Consumer 2007 26% No brokered or sub-prime loans Strong refreshed FICOs Balance Avg. Loan NPLs Refreshed As of 3/31/10 $ millions Size ($ millions) FICO Home Equity $966 $37,000 $17 (1) 750 Indirect (2) 794 22,000 2 739 Other Direct 209 11,900 718 Total $1,969 $19 % of Total Loans 26% 5% (1) Includes other direct consumer NPLs (2) Indirect loans are RV and marine only (no auto) 52 52 26

Aggressive Non-Performing Asset Management Quarterly Non-Performing Asset Activity (in millions) 1Q09 2Q09 3Q09 4Q09 1Q10 Beginning NPAs $438.2 $549.2 $603.1 $607.0 $594.1 Commercial: Additions 173.0 133.4 94.1 101.0 124.8 Payments (16.2) (26.5) (28.9) (35.3) (31.0) Returned to accruing status (32.8) (22.3) (7.2) (10.4) (10.2) Charge-Offs/ OREO writedown (31.4) (37.1) (56.2) (104.4) (33.6) Fair value adjustments — - — - -Consumer — net change 18.4 6.4 2.1 36.2 (87.9) Ending NPAs $549.2 $603.1 $607.0 $594.1 $556.2 53 53 Non-Performing Loans at March 31, 2010 $413.6 million or 5.6% of portfolio Loss Mitigation & Workout Strategy ($ in millions) Commercial loan workout teams (>50 FTE) focus on loss mitigation by Commercial specific asset classes, with account Real Estate assignment based on asset liquidation $300.2 72.6% expertise of personnel Enhanced collections efforts and administrative discipline improve Commercial delinquency and loss mitigation results $69.7 16.9% Quarterly internal analysis of industry-related exposures updated based on segments and asset classes facing the Restructured Loans & 90+ greatest potential recessionary impact Accruing Residential Indirect Direct Mortgage (i.e. auto-related, income producing real $7.2 Consumer Consumer 1.7% $17.6 estate) $2.4 $16.5 4.2% 0.6% 4.0% Continuously evaluate consumer Loan loss reserve = $322 million payment histories and proactively seek Allowance for loan losses to NPLs = 77.9% to modify loan structures to mitigate Specific portion of allowance = $82 million potential loss given default ALLL coverage of remaining NPLs = 255% 54 54 27

Proven Success in Loan Work Out Transferred riskiest assets to Loans Held For Sale Balances LHFS which are written to liquidation values Net Net Residential (in millions) - - 1Q07 transferred $103.7 $120 transfer in transfer in mortgage loan of $68.6 of $92.8 sale transfer million in conjunction with million million Republic integration, $110 recognized $35.1 million write- Net down with transfer transfer in $100 of $35.2 - - 2Q08 transferred $127.9 million million, recognized $35.1 million write-down, $90 accelerating loss recognition - - 4Q09 transferred $55.5 million, $80 recognized $20.3 million write-down $70 - - 1Q10 transferred residential mortgage loans, recognized $60 $74 million in charge-offs Continue to work with existing borrowers when appropriate in $50 order to optimize long-term 0 7 0 7 0 7 0 8 0 8 0 8 0 9 0 9 0 9 1 0 1 Q 2Q 3Q074 Q 1Q 2Q 3Q084 Q 1Q 2Q 3Q094 Q 1Q remaining value of collateral 55 55 Peer Group Composition Company Name Ticker Associated Banc-Corp ASBC BancorpSouth, Inc. BXS Comerica Incorporated CMA Commerce Bancshares, Inc. CBSH FirstMerit Corporation FMER Fulton Financial Corporation FULT Marshall & Ilsley Corporation MI South Financial Group, Inc. TSFG Sterling Financial Corporation STSA Susquehanna Bancshares, Inc. SUSQ TCF Financial Corporation TCB Valley National Bancorp VLY Webster Financial Corporation WBS 56 56

CITIZENS 57

Citizens Republic Bancorp (CTZ+A) Inactive 8-KDeparture of Directors or Certain Officers