UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 14A
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First Citizens BancShares, Inc.
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A LETTER FROM THE CHAIRMAN | |
Frank B. Holding, Jr. |
Mergers and acquisitions continue to be a critical component of our growth strategy, and at our annual leadership meeting in November we celebrated the completion or announcement of an exemplary 25 mergers and acquisitions over the past decade. Three of those mergers were finalized in 2019: Biscayne Bank, based in Florida, in April; First South Bank of South Carolina in May; and Entegra Bank at year’s end. Entegra amplified our presence in markets in Western North Carolina, Upstate South Carolina and North Georgia. | |
We also conducted four operational and systems conversions of merged banks in 2019. They were Securant Bank of Wisconsin, Palmetto Heritage of South Carolina, Biscayne and First South. |
While we are only one of many banks active in the merger and acquisition space, our track record, approach and culture are unique among our competitors’. We’re taking every advantage of promoting our strength and stability in the markets experiencing transitions – which is why we launched a new general bank ad campaign along the same lines called “Forever Strong. Forever Stable. Forever First.” It’s designed to help people and businesses understand not only who we are, but how we work and what we can deliver – and why we stand out among our competitors. | |
During Thanksgiving parade telecasts in select markets, we debuted powerful and inspiring new Teen Cancer America television commercials featuring actual patients – capping off what’s now nearly five years of remarkable progress changing the way medical care is delivered to young people in this country. | |
In addition to the five major medical centers we’ve partnered with – in North Carolina, South Carolina and Tennessee – the very first dedicated TCA unit in the Southeast opened in September at Bons Secours St. Francis Health System in Greenville, S.C. The Who’s front man and TCA co-founder Roger Daltrey attended the grand opening ceremony, generating significant interest and news media coverage. |
Sincerely, | |
Frank B. Holding, Jr. | |
March 4, 2020 |