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Federal Reserve Board announces approval of application by First Citizens BancShares, Inc.

Release Date: January 11, 2017

For release at 3:00 p.m. EST

The Federal Reserve Board on Wednesday announced its approval of the application under section 3 of the Bank Holding Company Act by First Citizens BancShares, Inc., Raleigh, North Carolina, to increase its ownership interest from 4.9 percent to 9.0 percent of the voting shares of Carter Bank & Trust, Martinsville, Virginia.

Attached is the Board's order relating to this action.

For media inquiries, call 202-452-2955.

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