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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.
June 11 -
First Citizens BancShares in Raleigh, N.C., reported higher earnings on the backs of two acquisitions.
May 7 -
An investor has filed a lawsuit to block the merger deal between the two First Citizens banks in the Carolinas, which are controlled by the Holding family. The case could turn on whether the directors on the special committees that reviewed the deal were truly independent of the Holdings.
August 15
Julie Sizer has been named chief bank operations officer at First Citizens Bank in Raleigh, N.C.
Sizer will oversee support for bank and branch operations, central loan operations, the customer-care center and transactions-support teams. She has spent 15 years at the bank in several jobs, most recently as operations and support services director.
Previously she worked at other banks, including the former First Union, a predecessor company of the current Wells Fargo.
First Citizens is a subsidiary of First Citizens BancShares, which has assets of $30 billion.
