<DOCUMENT>
<TYPE>EX-21
<SEQUENCE>7
<FILENAME>k68118ex21.txt
<DESCRIPTION>SUBSIDIARIES OF THE REGISTRANT
<TEXT>
<PAGE>
                                                                      EXHIBIT 21
                                                                     (FORM 10-K)

                                 SUBSIDIARIES OF
                          CITIZENS BANKING CORPORATION


<TABLE>
<CAPTION>
                                                                                              Jurisdiction or
                                                              Ownership                      Incorporation of
                 Subsidiaries                                Percentage                        Organization
-------------------------------------------------------------------------------------------------------------------
<S>                                                        <C>                            <C>
Citizens Bank                                                Michigan
     Citizens Commercial Leasing Corporation                      100%                           Michigan
     CB Financial Services, Inc.                                  100%                           Michigan
     Citizens Title Services, Inc.                                100%                           Michigan
     Citizens Bank Mortgage Corporation                           100%                           Michigan
     Citizens Service Company, Inc.                               100%                           Michigan
         Citizens Bank Consumer Finance, LLC                        1%                           Michigan
     Citizens Bank Consumer Finance, LLC                           99%                           Michigan
     Citizens Card Company                                        100%                           Michigan
     CB Capital Management, Inc.                                  100%                           Michigan
Citizens Bank - Illinois, N.A.                                    100%                     National Association
F&M Bancorporation, Inc.                                          100%                           Wisconsin
     F&M Bank - Wisconsin                                         100%                           Wisconsin
         Pulaski Capital Corporation                              100%                            Nevada
     F&M Bank - Iowa                                              100%                             Iowa
         Security Bancservices, Inc.                              100%                             Iowa


</TABLE>


</TEXT>
</DOCUMENT>