First Citizens BancShares, Inc. (NASDAQ:FCNCA) Files An 8-K Other Events
Item 8.01.
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Other Events
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Bank Trust Company (“FCB”), entered into an agreement with the
Federal Deposit Insurance Corporation (“FDIC”) to purchase
certain assets and assume certain liabilities of Guaranty Bank of
Milwaukee, Wisconsin. The FDIC serves as Receiver of Guaranty Bank.
has not yet been determined, but it currently is estimated to
amount to less than 3.0 percent of Registrants consolidated assets.
news release dated May 5, 2017 attached hereto as Exhibit 99.1.
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Exhibit No.
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Exhibit Description
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99.1
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Registrant’s news release dated May 5, 2017
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About First Citizens BancShares, Inc. (NASDAQ:FCNCA)
First Citizens BancShares, Inc. is a holding company. The Company invests the liquidity generated from its funding sources in interest-earning assets, including loans and leases, investment securities and overnight investments. It also invests in bank premises, hardware, software, furniture and equipment used to conduct its commercial banking business. The Company provides treasury services products, cardholder and merchant services, wealth management services and various other products and services typically offered by commercial banks. The Company conducts its banking operations through its subsidiary, First-Citizens Bank & Trust Company (FCB), a state-chartered bank. FCB offers services, including taking of deposits, cashing of checks and providing for individual and commercial cash needs; checking and savings plans; commercial, business and consumer lending; a full-service trust department; wealth management services, and other activities incidental to commercial banking. First Citizens BancShares, Inc. (NASDAQ:FCNCA) Recent Trading Information
First Citizens BancShares, Inc. (NASDAQ:FCNCA) closed its last trading session down -2.78 at 347.62 with 26,965 shares trading hands.