First Citizens buying Raleigh Federal units.

RALEIGH, N.C. -- First Citizens Bank said it has reached an agreement to purchase the two Durham, N.C., offices of Raleigh Federal Savings Bank.

First Citizens, which has 321 offices statewide, said it would acquire $11.5 million in deposits and $7.6 million in loans, along with the facilities.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER