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Stock impact report

KS Bancorp Board Statement

First Citizens BancShares, Inc. - Class A (FCNCA) 
Company Research Source: GlobeNewswire
SMITHFIELD, N.C., July 17, 2017 (GLOBE NEWSWIRE) -- The Board of Directors of KS Bancorp, Inc. (OTCBB:KSBI) has received written communications from First Citizens BancShares, Inc. (“First Citizens”) (NASDAQ:FCNCA) regarding the unsolicited Indications of Interest provided by First Citizens for the acquisition of 100% of KS Bancorp’s common stock.  In response to the receipt of these written communications, Harold T. Keen, President and Chief Executive Officer of KS Bank, Inc., is quoted as follows: “We understand and appreciate First Citizens’ interest in our community bank.  As the only locally-owned and operated community bank left in Johnston County, North Carolina, we provide a level of service and customer satisfaction that other banks in our market cannot.  Our excellent customer service and responsiveness to our customers’ needs make us a valuable commodity in an industry dominated by larger institutions that have lost these corporate values.”  “Although we are appreci Show less Read more
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