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Stock impact report

First Citizens Bank Completes Merger With Capital Commerce Bancorp Inc., Securant Bank

First Citizens BancShares, Inc. - Class A (FCNCA) 
Company Research Source: GlobeNewswire
RALEIGH, N.C., Oct. 02, 2018 (GLOBE NEWSWIRE) -- First-Citizens Bank & Trust Company (First Citizens Bank) announced that the merger of Capital Commerce Bancorp, Inc. and its subsidiary, Securant Bank & Trust, into First Citizens Bank is effective today (Oct. 2). The four Securant Bank branch offices will initially operate as Securant Bank, a division of First Citizens Bank. Customers should bank as they normally do at their existing branches. Securant Bank customer accounts will be converted to First Citizens Bank’s systems and new First Citizens signage will be installed at a later date. Frank B. Holding Jr., chairman and CEO of First Citizens Bank, said: “Our merger with Securant Bank allows us to further grow our presence in the Milwaukee area. We’ll be bringing a variety of compelling services and offerings with us. In addition to retail banking, our 120 years of deep business and commercial banking experience will complement Securant’s own expertise in this area. We Show less Read more
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