Printer Friendly

FIRST CITIZENS ASSUMES DEPOSITS, LOANS OF FIRST FEDERAL SAVINGS ASSOCIATION IN FRANKLINTON AND LOUISBURG

 FIRST CITIZENS ASSUMES DEPOSITS, LOANS OF FIRST FEDERAL SAVINGS
 ASSOCIATION IN FRANKLINTON AND LOUISBURG
 RALEIGH, N.C., March 6 /PRNewswire/ -- First Citizens Bank has assumed the deposits and acquired certain deposit-related loans of the Franklinton and Louisburg offices of the former First Federal Savings Association of Raleigh.
 Rocky Mount-based Centura Bank (NYSE: CBC) acquired certain ofra immediatel sold the deposits and deposit-related loans in Franklinton and Louisburg to First Citizens Bank.
 First Citizens acquired the deposits and loans in these branches at the close of business on Friday, March 6, according to James B. Hyler Jr., First Citizens' president, who made the announcement today. In Franklinton, the bank acquired approximately $5.5 million in deposits and $216,000 in loans. First Citizens assumed approximately $6.2 million in deposits and acquired $48,000 in loans from the Louisburg branch.
 Customers will be served out of First Citizens offices beginning Monday, March 9. In Franklinton, accounts will transfer to the St. First Citizens serves Franklin County with the Franklinton office, two Louisburg locations and branches in Bunn and Pilot.
 Hyler said the former thrift customers would be well-served by First Citizens' position of safety and soundness. The Bank has been named number one in safety among the country's 150 largest banks by an independent bank analysis company for 18 of the past 20 quarters.
 First Citizens is a $5.5 billion statewide financial institution based in Raleigh that serves 76 North Carolina counties with 321 offices in 170 cities and towns.
 -0- 3/6/92
 /CONTACT: Noel McLaughlin, First Citizens Bank, 919-755-2716 (office), 919-829-9291 (home)/
 (FCNCA CBC) CO: First Citizens Bank; Centura Bank ST: North Carolina IN: FIN SU: TNM


DF -- CH010 -- 6084 03/06/92 18:10 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 6, 1992
Words:288
Previous Article:NEW YORK STOCK EXCHANGE CLOSING, FRIDAY, MARCH 6 /PRN/
Next Article:FLORIDA AIR MAKES GETTING TO THE BAHAMAS EASY; OFFERS $25 INTRODUCTORY FARE
Topics:


Related Articles
Anchorage S&Ls die.
CENTURA, CITIZENS ANNOUNCE OTS APPROVAL OF MERGER
FIRST FEDERAL SAVINGS BANK OF NEW SMYRNA ANNOUNCES AGREEMENT WITH FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF CITRUS COUNTY
LANDMARK ANNOUNCES SALE OF BUTLER AREA OFFICES TO CITIZENS NATIONAL BANK
CENTURA BANK ACQUIRES FIRST FEDERAL OF RALEIGH
FIRST UNION ACQUIRES DEPOSITS AND SELECTED ASSETS OF FLAGLER FEDERAL SAVINGS AND LOAN
CENTURA BANK ACQUIRES FIRST FEDERAL OF RALEIGH
FIRST CITIZENS ASSUMES DEPOSITS, LOANS OF FIRST FEDERAL SAVINGS ASSOCIATION IN FRANKLINTON AND LOUISBURG
FIRST CITIZENS ACQUIRES SURETY FEDERAL FROM THE RTC
CAROLINA FIRST PURCHASES CITADEL FEDERAL

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters