First Citizens Bancshares, Raleigh, N.C., is buying an 18-person general insurance agency.

The $9.2 billion-asset bank company expects to close its deal for Yancey Insurance Agency Inc., Raleigh, by the end of October. Terms were not disclosed.

"It's an important transaction for us," said Alex G. MacFadyen, a spokesman for the bank.

He said the bank would not disclose the sales volume of the third- generation agency but liked its principals and culture. It will become part of First Citizens Insurance Services.

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