First Citizens BancShares, Inc. (NASDAQ:FCNCA) Files An 8-K Other Events
Item 8.01. Other Events

On October 29, 2018, First-Citizens Bank & Trust Company ("FCB") and Palmetto Heritage Bancshares, Inc. ("Palmetto Heritage") issued a joint press release regarding the approval by Palmetto Heritage's shareholders and status of the proposed merger of Pawleys Island, S.C.-based Palmetto Heritage and its bank subsidiary, Palmetto Heritage Bank & Trust, into FCB.

A copy of the joint press release issued by FCB and Palmetto Heritage is attached as Exhibit 99.1 to this Report.

(c) Exhibits. The following exhibit accompanies this report.

Disclosures About Forward Looking Statements

This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including Section 21E of the Securities Exchange Act of 1934 and Section 27A of the Securities Act of 1933. For the purposes of these discussions, any statements that are not statements of historical fact may be deemed to be forward looking statements. Such statements are often characterized by the use of qualifying words such as "expects," "anticipates," "believes," "estimates," "plans," "projects," or other statements concerning opinions or judgments of Palmetto Heritage and First Citizens Bank and their managements about future events. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those described in the statements. Forward-looking statements in this news release include statements regarding Palmetto Heritage’s and First Citizens Bank’s expectations regarding the benefits of the merger, and when the merger will be completed. The accuracy of such forward-looking statements could be affected by factors beyond Palmetto Heritage’s and First Citizens Bank’s control, including, but not limited to, delays in the satisfaction or waiver of other remaining conditions to the consummation of the merger and difficulties experienced in the integration of the businesses of Palmetto Heritage and First Citizens Bank. Additional factors that could cause actual results to differ materially from those anticipated by forward-looking statements are discussed in Palmetto Heritage’s proxy statement for its special meeting of shareholders held on Oct. 29, 2018. Palmetto Heritage and First Citizens Bank undertake no obligation to revise or update these statements following the date of this news release.

FIRST CITIZENS BANCSHARES INC /DE/ Exhibit
EX-99.1 2 exhibit991fcb-phbsharehold.htm EXHIBIT 99.1 Exhibit     EX 99.1       Palmetto Heritage Bancshares,…
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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.