F&M Bank consolidated, will change name to Citizens in 2005 News-Chronicle Kaukauna-based F&M Bank, which has four branches in the Green Bay-De Pere-Suamico area, will change its name to Citizens Bank next year as part of a move by its Michigan owners to consolidate its banks. Flint, Mich.,-based Citizens Banking Corp. has filed applications with the Federal Reserve Bank of Chicago and the state of Michigan Office of Financial and Insurance Services to consolidate its Michigan and Wisconsin subsidiary banks. Upon completion of the consolidation, F&M Bank-Wisconsin will become part of Citizens Bank. The resulting bank will be regulated as a state of Michigan, Federal Reserve member bank. Citizens plans during 2005 to re-brand F&M banks in Wisconsin and Iowa. There are 51 F&M Bank-Wisconsin locations and 11 F&M Bank-Iowa locations. The company has a total of 180 banking locations. All clients of the Wisconsin and Michigan banks will be notified of the consolidation following Federal Reserve and state of Michigan approval, which is expected to take 60 to 90 days. He said the corporation's F&M Bank-Iowa franchise would not be included in the consolidation at this time because of several complex legal and regulatory issues that exist in the state of Iowa. Citizens Banking Corp. is the second-largest bank holding company headquartered in Michigan, with assets of $7.69 billion as of March 31.