RALEIGH, N.C. - First Citizens Bank has acquired certain assets and assumed the deposits of the Morganton-based Surety Federal Savings and Loan Association from the Resolution Trust Corporation.
First Citizens Bank assumed the thrift's total deposits of about $70 million at the close of business on Friday, Aug. 27, according to James B. Hyler Jr., First Citizens' president, who made the announcement.
"First Citizens is committed to making the transition as smooth as possible for our new customers," Mr. Hyler said.