public traded as nasdaq fcnca industry finance investments and insurance founded 1898 headquarters raleigh north carolina united states area served arizona california colorado district of columbia florida georgia kansas maryland missouri new mexico north carolina oklahoma oregon pennsylvania south carolina tennessee texas virginia washington west virginia wisconsin key people frank b. holding jr. ceo chairman of the board products commercial banking investment banking net income us 27.75 million 2009 total assets us 21 billion as of 09 30 2010 number of employees 5 000 website www.firstcitizens.com first citizens bancshares incorporated nasdaq fcnca is a bank holding company based in raleigh north carolina that operates two subsidiaries first citizens bank and ironstone bank . in aggregate first citizens operates in 18 states and the district of columbia in the united states concentrated in the southeastern united states southern california and washington . assuming completion of a merger announced in june 2014 first citizens bank will become the sixth largest bank in the southeast with 575 branches in 18 states and the district of columbia 30.7 billion in assets 26.1 billion in deposits and 18 billion in loans . 1 in 2010 the company employed approximately 4 400 employees . 2 first citizens bank serves clients in more than 200 locales with 571 branches in arizona california colorado district of columbia florida georgia kansas maryland missouri new mexico north carolina oklahoma oregon south carolina tennessee texas virginia washington and west virginia . contents 1 history 2 timeline 3 subsidiaries 4 references 5 external links history edit in 1998 first citizens bank made an agreement with first citizens bank of south carolina also controlled by the frank holding family allowing customers of either bank to conduct transactions with the other institution . 3 on dec 22 2003 citizens bancshares restated its previously announced 2003 third quarter earnings following a determination by its independent auditors to change its accounting treatment of one third quarter transaction related to shares of the company s common stock donated to it by an unrelated third party . 4 on october 8 2010 first citizens filed a merger application with federal regulators the office of the comptroller of the currency and the federal reserve bank of richmond and respective state banking departments in ironstone s footprint . ironstone bank will continue to operate under its trade name . 5 the change became official january 7 2011 . 6 first citizens bank entered into an agreement with the federal deposit insurance corp. fdic to purchase substantially all the assets and assume the majority of the liabilities of united western bank denver colorado on january 21 2011 . 7 months later first citizens took over the failed colorado capital bank of castle rock colorado in a similar deal . it was the sixth fdic related agreement since july 2009 . 8 first citizens now has 14 branches in colorado 3 of them ironstone . 9 on december 10 2013 1st financial corp. shareholders approved a merger with first citizens . as of september 30 2013 hendersonville north carolina based 1st financial had 12 branches in western north carolina 675 million in assets and 660 million in deposits . in spring 2014 accounts of mountain 1st bank & trust are to change to first citizens . 10 on october 1 2014 first citizens completed a merger with first citizens bank of south carolina making first citizens the sixth largest bank in the southeast resulting in the largest bank in the united states controlled by a single family . first citizens had no branches in south carolina before the merger while first citizens and the south carolina based bank both had branches in georgia . 1 11 on march 11 2016 north milwaukee state bank of milwaukee the first bank to fail in 2016 was taken over and the fdic appointed receiver . first citizens agreed to purchase most of the 67.1 million in assets and all of the deposits . 12 on may 6 2016 first citizens announced the purchase of king of prussia pennsylvania based first cornerstone bank the third financial institution to fail in 2016 with six branches 103.3 million in assets and 101 million in deposits . 13 timeline edit first citizens bank first known as the bank of smithfield opened on march 1 1898 . 14 1898 established as the first citizens bank & trust company 15 1971 acquired the haynes bank of cliffside north carolina 15 1974 acquired the bank of coleridge in ramseur north carolina and the bank of commerce in charlotte north carolina 15 1979 acquired bank of conway in conway north carolina 15 1981 acquired commercial & farmers bank of rural hall north carolina and commercial & savings bank of boonville north carolina 15 16 17 1983 acquired peoples bank of north carolina in madison north carolina 15 1985 acquired first state bank of winterville north carolina farmers bank of pilot mountain north carolina and farmers bank of sunbury in sunbury north carolina 15 1990 acquired heritage federal savings and loan association of monroe north carolina and north carolina savings and loan association fa of charlotte north carolina 15 first citizens branch footprint . from the upper left clockwise florida the north carolina virginia area southern california and washington state . 1991 acquired mutual savings and loan association of charlotte north carolina and first federal savings bank of hendersonville north carolina 15 1993 acquired caldwell savings bank of lenoir north carolina surety federal savings and loan association fa of morganton north carolina and pioneer savings bank of rocky mount north carolina 15 1994 acquired the bank of bladenboro in bladenboro north carolina edgecomb homestead savings bank of tarboro north carolina and first republic savings bank fsb of roanoke rapids north carolina 15 1995 acquired first investors savings bank of whiteville north carolina and state bank of fayetteville north carolina 15 1996 acquired first citizens bank & trust company of lawrenceville virginia peoples savings bank of wilmington north carolina and summit savings bank of sanford north carolina 15 1997 acquired first savings bank of rockingham county in reidsville north carolina 15 1998 acquired first citizens bank & trust company of white sulphur springs west virginia 15 2003 acquired avery county bank of newland north carolina 15 2009 u.s. bank national association a subsidiary bank of u.s. bancorp entered into a definitive agreement to purchase the bond trustee business of first citizens bank a subsidiary of first citizens bancshares . 2009 acquired temecula valley bank 18 of temecula california and venture bank 19 of lacey washington 2010 acquired first regional bank of los angeles california 15 and sun american bank of boca raton florida 15 2011 changed ironstone bank to division from subsidiary 6 2011 acquired united western bank of denver colorado 7 2011 acquired colorado capital bank of castle rock colorado 8 2013 announced merger with 1st financial corp. of hendersonville north carolina 2014 announced merger with first citizens bank of south carolina 2015 acquired capitol city bank and trust company of atlanta georgia 20 subsidiaries edit name asset size first citizens bank & trust company 18.2 billion 2 ironstone bank 2.8 billion 2 first citizens bank in beaufort north carolina references edit a b ranii david 2014 06 11 . first citizens bank buys sc based bank . news & observer . retrieved 2014 06 11 . a b c associated banc corp . holding companies . ibanknet.com . 2010 09 30 . retrieved 2010 09 30 . briefly the news & observer july 23 1998 p. d2 . citizens bancshares corporation announces revised third quarter earnings . weisbecker lee 2010 10 08 . first citizens looks to merge with ironstone bank . charlotte business journal . retrieved 2011 01 24 . a b ranii david 2011 01 07 . first citizens completes in house merger . news & observer . retrieved 2011 01 07 . a b first citizens bank purchases certain assets assumes certain liabilities of united western bank . 2011 01 21 . retrieved 2011 01 24 . a b lighting company cfo finalist for honor . salisbury post . 2011 01 21 . retrieved 2011 01 24 . first citizens bank purchases certain assets assumes certain liabilities of colorado capital bank . yahoo finance . 2011 07 08 . retrieved 2011 07 21 . mountain 1st first citizens merger ok d . asheville citizen times . 2013 12 10 . retrieved 2013 12 18 . first citizens completes merger . asheville citizen times . 2014 10 05 . p. e2 . ranii david 2016 03 14 . first citizens acquires failed wisconsin bank . news & observer . retrieved 2016 05 09 . ranii david 2016 05 09 . first citizens bank acquires failed pa . bank . news & observer . retrieved 2016 05 09 . a century of expertise . retrieved 2011 01 24 . a b c d e f g h i j k l m n o p q r bank holding company detail . fdic institution directory . federal deposit insurance corporation . 2006 12 31 . retrieved 2007 04 15 . first citizens bank purchases certain assets assumes certain liabilities of sun american bank . 2010 03 05 . retrieved 2011 01 24 . first citizens bank purchases certain assets assumes certain liabilities of first regional bank . 2010 01 29 . retrieved 2011 01 24 . first citizens bank acquires temecula valley bank . 2009 07 17 . retrieved 2011 01 24 . first citizens bank acquires venture bank of washington . 2009 09 11 . retrieved 2011 01 24 . first citizens bank purchases certain assets assumes certain liabilities of capitol city bank & trust company of atlanta ga . retrieved 28 october 2015 . external links edit official site retrieved from https en.wikipedia.org w index.php title first citizens bancshares & oldid 740568962 categories companies based in raleigh north carolinabanks based in north carolinaeconomy of the southeastern united statesbanks established in 1898companies listed on nasdaq navigation menu personal tools not logged 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