"John D. Schwab, executive vice president and chief credit officer, joined the company in November 2002 and oversaw the Flint-based bank holding company's credit approval and credit quality issues. He retires after 40 years in the banking business.
"Schwab's retirement follows the announcement late last month that Bill Hartman would retire as president and chief executive officer at the end of January and that Cathy Nash, who most recently headed regional banking for the company, was chosen to succeed Hartman."
The downward spiral of Citizens Republic Bancorp Inc. (CRBC) stock over the past three years.
