First Citizens BancShares Announces Early Termination of Five FDIC Loss Share Agreements
GlobeNewswire - Mon Jun 20, 2:50PM CDT
First Citizens Bank, a subsidiary of First Citizens BancShares, Inc. (Nasdaq:FCNCA), has entered into an agreement with the Federal Deposit Insurance Corporation (FDIC) on June 14, 2016 to terminate five of the bank's nine loss share agreements with the FDIC. These loss share agreements were entered into between 2009 and 2011 in conjunction with First Citizens Bank's acquisition of assets and assumption of liabilities of Temecula Valley Bank (2009), Sun American Bank (2010) and Colorado Capital Bank (2011), and First Citizens Bank and Trust Company, Inc.'s (of Columbia, S.C.) acquisition of Williamsburg Financial National Bank (2010) and Atlantic Bank & Trust (2011), in each case through an FDIC-assisted transaction. First Citizens Bank assumed the agreements pertaining to the latter two acquisitions in connection with its merger with First Citizens Bank and Trust Company, Inc. on Jan. 1, 2015.
FCNCA: 250.78 (-1.61)
First Citizens Bank and Cordia Bancorp Inc. Announce Merger Agreement
GlobeNewswire - Fri May 20, 7:00AM CDT
First-Citizens Bank & Trust Company (known as First Citizens Bank) and Cordia Bancorp Inc. announced today the signing of a definitive merger agreement. Cordia Bancorp provides retail and commercial banking products and services through its subsidiary, Bank of Virginia.
FCNCA: 250.78 (-1.61), BVA: 5.07 (unch)
First Citizens Bank Purchases Certain Assets, Assumes Certain Liabilities of First CornerStone Bank of King of Prussia, Pennsylvania
GlobeNewswire - Fri May 06, 5:42PM CDT
First Citizens Bank, a subsidiary of Raleigh-headquartered First Citizens BancShares, Inc. (Nasdaq:FCNCA), announced today that it has entered into an agreement with the Federal Deposit Insurance Corporation (FDIC) to purchase certain assets and assume certain liabilities of First CornerStone Bank of King of Prussia, Pennsylvania.
FCNCA: 250.78 (-1.61)
Riley Returns to First Citizens Bank as Commercial Banking Manager for Columbia, Upstate S.C.
GlobeNewswire - Thu May 05, 2:50PM CDT
Chris Riley has returned to First Citizens Bank as manager of commercial banking for the Columbia and Greenville/Spartanburg areas. He leads First Citizens' commercial banking teams for these markets, focusing on developing and managing relationships with local companies.
FCNCA: 250.78 (-1.61)
First Citizens BancShares Declares Dividend
GlobeNewswire - Wed Apr 27, 12:45PM CDT
The Board of Directors of First Citizens BancShares Inc. (Nasdaq:FCNCA) declared on April 26, 2016, a quarterly dividend of 30 cents per share on the Class A and Class B common stock. The dividend is payable July 5, 2016, to shareholders of record June 20, 2016.
FCNCA: 250.78 (-1.61)
First Citizens Bank Purchases Certain Assets, Assumes Certain Liabilities of North Milwaukee State Bank of Milwaukee, Wis.
GlobeNewswire - Fri Mar 11, 6:34PM CST
First Citizens Bank, a subsidiary of Raleigh-headquartered First Citizens BancShares, Inc. (Nasdaq:FCNCA), announced today that it has entered into an agreement with the Federal Deposit Insurance Corp. (FDIC) to purchase certain assets and assume certain liabilities of North Milwaukee State Bank of Milwaukee, Wis.
FISI: 25.91 (-0.24), FCNCA: 250.78 (-1.61)
First Citizens Reports Earnings for Fourth Quarter 2015
GlobeNewswire - Wed Jan 27, 11:30AM CST
First Citizens BancShares Inc. (BancShares) (Nasdaq:FCNCA) reports earnings for the quarter ended December 31, 2015, of $42.7 million, compared to $56.0 million for the third quarter of 2015, and $62.9 million for the corresponding period of 2014, according to Frank B. Holding, Jr., chairman of the board.
FCNCA: 250.78 (-1.61)
Zimmerman Joins First Citizens Investor Services as President
GlobeNewswire - Thu Jan 21, 10:30AM CST
First Citizens Bank announced today that it has hired David Zimmerman as president of its registered broker-dealer First Citizens Investor Services, Inc. (FCIS).
FCNCA: 250.78 (-1.61)
First Citizens BancShares Up 12.1% Since SmarTrend Uptrend Call (FCNCA)
Comtex SmarTrend(R) - Wed Dec 02, 5:21PM CST
SmarTrend identified an Uptrend for First Citizens BancShares (NASDAQ:FCNCA) on October 8th, 2015 at $234.81. In approximately 2 months, First Citizens BancShares has returned 12.11% as of today's recent price of $263.23.
FCNCA: 250.78 (-1.61)
First Citizens Bank Announces Sponsorship of Teen Cancer America
GlobeNewswire - Tue Nov 24, 9:00AM CST
First Citizens Bank is joining together with nonprofit Teen Cancer America and The Who's Roger Daltrey to help open the door to better cancer care for young adults.
FCNCA: 250.78 (-1.61)
Uptrend Call Working As First Citizens BancShares Stock Rises 10.9% (FCNCA)
Comtex SmarTrend(R) - Wed Nov 18, 9:50AM CST
SmarTrend identified an Uptrend for First Citizens BancShares (NASDAQ:FCNCA) on October 8th, 2015 at $234.81. In approximately 1 month, First Citizens BancShares has returned 10.88% as of today's recent price of $260.35.
FCNCA: 250.78 (-1.61)
First Citizens BancShares Shares Up 12.4% Since SmarTrend's Buy Recommendation (FCNCA)
Comtex SmarTrend(R) - Mon Nov 09, 2:14PM CST
SmarTrend identified an Uptrend for First Citizens BancShares (NASDAQ:FCNCA) on October 8th, 2015 at $234.81. In approximately 1 month, First Citizens BancShares has returned 12.43% as of today's recent price of $264.00.
FCNCA: 250.78 (-1.61)
First Citizens BancShares Up 8.8% Since SmarTrend Uptrend Call (FCNCA)
Comtex SmarTrend(R) - Mon Nov 02, 10:19AM CST
SmarTrend identified an Uptrend for First Citizens BancShares (NASDAQ:FCNCA) on October 8th, 2015 at $234.81. In approximately 4 weeks, First Citizens BancShares has returned 8.82% as of today's recent price of $255.52.
FCNCA: 250.78 (-1.61)
Think Entrepreneurs Start a Business to Make Money? Not Anymore, Say Millennials.
GlobeNewswire - Mon Oct 19, 10:00AM CDT
Making more money is not always the reason people start a business, according to the 2015 First Citizens Bank Small Business Forecast. While baby boomers surveyed said they started their business to generate additional income, younger millennial entrepreneurs say chasing a dream and taking control of their careers fuels their ambition. Interestingly, Generation X respondents felt the most strongly that they could do a better job owning a business than working for someone else.
FCNCA: 250.78 (-1.61)
First Citizens Completes Systems Conversion of Merged South Carolina Bank
GlobeNewswire - Tue Sep 08, 11:45AM CDT
First Citizens Bank Chairman and Chief Executive Officer Frank B. Holding, Jr. announced that effective today (Tuesday, Sept.
FCNCA: 250.78 (-1.61)
These 2 Banks Are Growing Like Weeds, and They're Cheap
Jay Jenkins, The Motley Fool - Motley Fool - Thu Aug 20, 6:20PM CDT
It's not too often that a company can grow at a 20%-30% annual rate and still have a cheap valuation. Many times, companies with exceptional growth will command price-to-earnings ratios in the hundreds simply because they're growing so rapidly. ...
ISBC: 11.56 (+0.01), FCNCA: 250.78 (-1.61)
First Citizens BancShares Reports Earnings for Second Quarter 2015
GlobeNewswire - Wed Jul 29, 10:25AM CDT
First Citizens BancShares Inc. (BancShares) (Nasdaq:FCNCA) announced its financial results for the quarter ended June 30, 2015. Net income for the second quarter of 2015 was $44.5 million, or $3.71 per share, compared to $26.7 million, or $2.77 per share, for the second quarter of 2014, and $67.2 million, or $5.59 per share, for the first quarter of 2015, according to Frank B. Holding, Jr., chairman of the board. BancShares' current quarter results generated an annualized return on average assets of 0.58 percent and an annualized return on average equity of 6.42 percent, compared to respective returns of 0.49 percent and 5.05 percent for the second quarter of 2014 and 0.90 percent and 10.00 percent for the first quarter of 2015.
FCNCA: 250.78 (-1.61)