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Stock impact report

First South Bancorp, Inc. Shareholders Approve Proposed Merger with First Citizens Bank

First Citizens BancShares, Inc. - Class A (FCNCA) 
Company Research Source: GlobeNewswire
RALEIGH, N.C. and SPARTANBURG, S.C., April 24, 2019 (GLOBE NEWSWIRE) -- First-Citizens Bank & Trust Company (First Citizens Bank) and First South Bancorp, Inc. announced today that First South’s shareholders have approved First Citizens’ pending acquisition of First South and its wholly owned subsidiary, First South Bank. At a meeting held today, the shareholders of Spartanburg, S.C.-based First South Bancorp voted to approve the merger agreement with Raleigh, N.C.-headquartered First Citizens Bank. Subject to the satisfaction or waiver of customary closing conditions, the merger is expected to become effective by May 1 or as soon thereafter as practicable. After the merger, First South branch offices will initially operate as First South Bank, a division of First Citizens Bank. Customers should bank as they normally do at their existing branches. F Show less Read more
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