RALEIGH, N.C. -- First Citizens BancShares Inc. plans to acquire Old White Bankshares, a bank holding company located in White Sulphur Springs, W. Va.

Subject to regulatory and shareholder approvals, First Citizens will acquire Old White in the first quarter of 1995. Earlier this year, First Citizens laid out' plans to acquire Bank of Marlington, W. Va. as part of its expansion plan in that state.

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