| Business Summary | | First
Citizens
BancShares,
Inc.
(BancShares)
is
a
financial
holding
company
with
two
banking
subsidiaries:
First-Citizens
Bank
&
Trust
Company,
which
operates
branches
in
North
Carolina,
Virginia
and
West
Virginia;
and
Atlantic
States
Bank,
a
federally-chartered
thrift
institution,
with
branch
offices
in
the
metropolitan
Atlanta,
Georgia
area
and
Southwest
Florida.
FCB
and
ASB
offer
full-service
banking
services
designed
to
both
retail
and
commercial
customers
in
the
markets
in
which
they
serve.
The
services
offered
include
transaction
and
savings
deposits,
commercial
and
consumer
lending,
a
full
service
trust
department,
a
full
service
securities
broker-dealer,
insurance
services
and
other
activities
incidental
to
commercial
banking.
BancShares
is
also
the
parent
company
of
American
Guaranty
Insurance
Company,
which
is
engaged
in
writing
property
and
casualty
insurance. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | First
Citizens
Bancshares
is
a
bank
holding
company
whose
subsidiaries
operate
354
offices
in
NC,
VA
and
WV.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
11%
to
$371.7
million.
Net
interest
income
after
loan
loss
prov.
fell
1%
to
$172.7
million.
Net
income
rose
10%
to
$44.9
million.
Net
interest
income
reflects
increased
earning
asset
balances,
offset
by
a
higher
provision
for
loan
losses.
Earnings
benefited
from
increased
securities
gains. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Lewis Holding, 73 Chairman,
CEO | $888K | James Hyler, Jr., 53 Vice
Chairman, COO | 522K | Frank Holding, 72 Exec.
Vice Chairman | 827K | William Orr, 58 Exec.
VP, CCO | -- | Wyane Duncan, 59 Exec.
VP, Retail Lending | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|