Exhibit 21

SUBSIDIARIES OF
CITIZENS BANKING CORPORATION

				Jurisdiction or
	Ownership			Incorporation of
Subsidiaries	Percentage			Organization
Citizens Bank		100	%	Michigan
Citizens Commercial Leasing Corporation		100	%	Michigan
CB Financial Services, Inc.		100	%	Michigan
Citizens Title Services, Inc.		100	%	Michigan
Citizens Bank Mortgage Company, LLC		99	%	Michigan
Citizens Service Company, Inc.		100	%	Michigan
Citizens Bank Consumer Finance, LLC		1	%	Michigan
Citizens Bank Mortgage Company, LLC		1	%	Michigan
Citizens Bank Consumer Finance, LLC		99	%	Michigan
CB Capital Management, Inc.		100	%	Michigan
Citizens Bank Wealth Management, 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