RALEIGH, N.C. -- First Citizens Bank, a unit of First Citizens Bancshares, said it has agreed to acquire the Bank of Bladenboro. The terms were not disclosed.

First Citizens, which has $5.3 billion of assets, said the acquisition would allow it to expand its statewide franchise and strengthen its presence in the new market area of Bladen County. The Bank of Bladenboro has about $22 million of assets.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.