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Article: United States : First Citizens buys failed Atlanta bank.
- Article from:
- TendersInfo
- Article date:
- September 30, 2009
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Columbia-based First Citizens Bank and Trust Co. Inc. has expanded its footprint in Georgia with the acquisition of a failed Atlanta-based bank that had more than $2 billion in assets.
First Citizens announced an agreement Friday with the Federal Deposit Insurance Corp. to purchase Georgian Bank of Atlanta. Georgian Bank was the second-largest Atlanta-based bank and has five full-service banking offices, First Citizens said.
We view this transaction as a unique opportunity based on current developments in our industry, said Peter Bristow, president and chief operating officer for First Citizens. Entering the Atlanta market is a continuation of our ...