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Stock impact report

Biscayne Bancshares, Inc. Shareholders Approve Proposed Merger With First Citizens Bank

First Citizens BancShares, Inc. - Class A (FCNCA) 
Company Research Source: GlobeNewswire
RALEIGH, N.C. and COCONUT GROVE, Fla., Jan. 17, 2019 (GLOBE NEWSWIRE) -- First-Citizens Bank & Trust Company (First Citizens Bank) and Biscayne Bancshares, Inc. announced today that Biscayne shareholders have approved First Citizens’ pending acquisition of the holding company and its Biscayne Bank subsidiary. At a meeting held today, the shareholders of Coconut Grove, Fla.-based Biscayne Bancshares voted to approve the merger agreement with Raleigh, N.C.-headquartered First Citizens Bank. Subject to the receipt of regulatory approvals and the satisfaction or waiver of other customary closing conditions, the merger is expected to become effective during the second quarter of 2019. After the merger, Biscayne branch offices will initially operate as Biscayne Bank, a division of First Citizens Bank. Customers should bank as they normally do at their exi Show less Read more
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