citizens bank

Steve Carmody/Michigan Radio

There are concerns that Flint could lose a major corporate headquarters.

Flint-based Citizens Bank is being bought by an Ohio bank for nearly a billion dollars.

Citizens has been an important institution in Flint since the bank was founded in 1871.  Citizens Bank loaned General Motors founder William Durant money he needed to start his manufacturing career.

In an effort to lure people back to the city, Detroit officials have unrolled generous housing incentives programs for police officers and city employees.

That’s left many current residents asking about similar help for people who never left the city.

Now, Mayor Dave Bing has announced such a program. It’s a grant program through Citizens bank to help homeowners make exterior improvements.

Bing says improving how neighborhoods look can start a positive domino effect.

A major home mortgage lender has reached a deal to end a federal investigation into alleged racial discrimination. The settlement will mean millions of dollars for housing programs in Wayne County.  

Citizens Bank is the largest bank holding company headquartered in Michigan and one of the 50 largest in the country.