First Citizens Bank Completes Merger With Cordia Bancorp, Bank of Virginia
September 01 2016 - 09:10AM
First-Citizens Bank & Trust Company (known as First Citizens
Bank) announced that the merger of Cordia Bancorp Inc. and its
subsidiary, Bank of Virginia, into First Citizens Bank is effective
today (Sept. 1). The six former Bank of Virginia branches in the
greater Richmond area are now First Citizens Bank locations. New
First Citizens signage will be installed in early October.
Frank B. Holding Jr., chairman and CEO of First Citizens, said:
“We are pleased to welcome Bank of Virginia customers to First
Citizens. The completed merger will enhance our presence in
the greater Richmond area and allow us to offer our new customers a
more robust banking experience, with expanded personal, business
and wealth management services and products. We look forward to
building new relationships and continuing to provide exceptional
service.”
On Aug. 11, the shareholders of Midlothian, Va.-based Cordia
voted to approve the merger agreement with Raleigh,
N.C.-headquartered First Citizens. The merger was also approved by
the Federal Deposit Insurance Corp., the North Carolina
Commissioner of Banks and the Virginia Bureau of Financial
Institutions.
Customers of the former Bank of Virginia should bank as they
normally do at their existing branches. Bank of Virginia accounts
will be converted to First Citizens’ systems in spring 2017.
In the meantime, customers should continue to use their Bank of
Virginia checks and cards. They will still have online access to
their accounts. Customers with questions about their accounts can
contact a representative at any of the former Bank of Virginia
branches. For questions about First Citizens Bank, they can call
the First Citizens Customer Care Center at 1.877.456.7318 between
7:00 a.m. and 11:00 p.m. Eastern time daily.
The merger brings the number of First Citizens branches in the
greater Richmond market to eight: six former Bank of Virginia
branches (located in Chesterfield and Henrico Counties and Colonial
Heights, Va.) and two branches already operated by First Citizens
(one in Midlothian and one at Short Pump). With the addition of the
former Bank of Virginia branches, First Citizens now has 49
locations in Virginia.
Founded in 1898 and headquartered in Raleigh, N.C., First
Citizens Bank serves customers at more than 550 branches in 20
states. First Citizens Bank is a wholly owned subsidiary of First
Citizens BancShares Inc. (Nasdaq:FCNCA), which has $32 billion in
assets. For more information, call toll free 1.888.FC DIRECT
(1.888.323.4732) or visit firstcitizens.com. First Citizens Bank.
Forever First®.
Contact:
Barbara Thompson
First Citizens Bank
919.716.2716
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