-
First Citizens BancShares (FCNCA) in Raleigh, N.C., has decided on the management team that will run the company after it buys First Citizens Bancorp. in Columbia, S.C.
June 24 -
First Citizens BancShares in Raleigh, N.C., has appointed Blake Coules chief risk officer.
August 14 -
The Holding family has held large stakes in several banks for years; two of those banks are finally merging as part of a $637 million deal.
June 11
First Citizens BancShares in Raleigh, N.C., will
The acquisition, which is expected to close Oct. 1, would create the nation's largest
The new board members are all associated with the seller, First Citizens Bancorp. They are Peter Bristow, an executive vice president at First Citizens Bancorp. and president of its subsidiary bank, as well as Robert Hoppe and Floyd Keels, both currently directors at the South Carolina bank.
"We welcome our new directors and the experience and expertise they bring to our board as we prepare to bring the two companies together," Frank B. Holding Jr., chairman and chief executive of First Citizens BancShares, said in a news release Wednesday.
The new board will have 13 members, including the new appointees and all but two directors from the existing First Citizens BancShares board. Those two are H.M. Craig III and Ralph K. Shelton, who resigned Sept. 18.