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FAMILY REUNION: "We see great opportunity in combining to create one bank with enormous potential for future success for our stockholders, customers, associates and communities," Frank Holding Jr., First Citizens BancShares' CEO, says.

First Citizens' Deal to Create Biggest Family Owned Bank

The North Carolina company will pay more than $637 million for First Citizens Bancorp., a South Carolina bank. Both companies are majority owned by the Holding family.

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