ROCKY MOUNT, N.C. -- Centura Banks Inc. has completed its acquisition of First Savings Bank of Forest City.

First Savings Bank was a mutually owned savings bank with about $67 million of assets.

The company said that as part of the merger, First Savings was converted to stock ownership and simultaneously combined with Centura. A company spokesman said Centura issued common stock valued at about $9 million when First Savings was converted to stock ownership.

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