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The Canadian bank plans to sell the branches, which are mostly in the Midwest and Great Plains, to First Citizens Bank in North Carolina. At the same time, it plans to build 150 branches over the next five years in markets with longer-term growth prospects.
October 16
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Led by Bryant, serendipitous high-stakes acquisitions and a commitment to niche markets have led to First Citizens Bank's strong growth year-over-year.
October 7
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Though loan growth was soft in the second quarter, the Raleigh, North Carolina, regional bank is seeing some hope for a second-half pickup. Meanwhile, it benefited from a 2% gain in net interest income.
July 25
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The Raleigh, North Carolina-based company, which has been acquisitive in recent years, is more than halfway through a $3.6 billion share-repurchase plan. Executives said it's the best way to return capital to shareholders, but mergers remain part of its long-term strategy.
April 24
