Edition:
India

First Citizens Bank To Acquire First South Bancorp


Friday, 11 Jan 2019 

Jan 10 (Reuters) - First Citizens BancShares Inc ::FIRST CITIZENS BANK, FIRST SOUTH BANCORP, INC. ANNOUNCE MERGER AGREEMENT.FIRST CITIZENS BANCSHARES INC - AGREEMENT HAS BEEN UNANIMOUSLY APPROVED BY BOARDS OF DIRECTORS OF BOTH COMPANIES.FIRST CITIZENS BANCSHARES INC - DEAL FOR $1.15 PER SHARE.FIRST CITIZENS BANCSHARES INC - ASSUMING CONVERSION OF SERIES A PREFERRED SHARES INTO COMMON STOCK, DEAL HAS TOTAL TRANSACTION VALUE OF $37.5 MILLION..FIRST CITIZENS BANCSHARES INC - AGREEMENT PROVIDES FOR ACQUISITION OF FIRST SOUTH BANCORP BY FIRST CITIZENS BANK. 

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