First Citizens Bank Completes Merger With Community Financial Holding Company, Inc. and Gwinnett Community Bank
February 03 2020 - 9:07AM
First-Citizens Bank & Trust Company (First Citizens Bank)
announced that the merger of Community Financial Holding Company,
Inc. (Community Financial) and its subsidiary, Gwinnett Community
Bank, into First Citizens Bank was effective on Feb. 1, 2020.
Following the merger, the three Gwinnett Community branch
offices are initially operating as Gwinnett Community Bank, a
division of First Citizens Bank. Customers should bank as they
normally do at their existing branches. At a later date, Gwinnett
Community customer accounts will be converted to First Citizens
Bank’s systems and operations.
Frank B. Holding Jr., chairman and CEO of First Citizens Bank,
said: “We’re pleased to welcome the customers and employees of
Gwinnett Community to First Citizens. We’ve served Georgia for 23
years, and with the addition of Gwinnett to our company, we’re well
positioned to continue to build on our history in the state, grow
our business and better serve the people in these markets.”
On Dec. 19, 2019, the shareholders of Duluth, Ga.-based
Community Financial voted to approve the merger agreement with
Raleigh, N.C.-headquartered First Citizens Bank. The merger
previously was approved by bank regulatory authorities.
Gwinnett Community Bank customers should continue to use their
current checks and cards. They will continue to have the same
online and mobile access to their accounts. Customers with
questions about their accounts can contact a representative at any
of the Gwinnett Bank division branches. For questions about First
Citizens Bank, they can call the First Citizens Customer Care
Center, 888.323.4732, between 7 a.m. and 11 p.m. Eastern time
daily.
The completed merger will complement First Citizens’ operations
in Georgia. In addition to the three Gwinnett Community division
branch locations in Duluth, Suwanee and Buford, Ga., First Citizens
operates 30 branches in Georgia.
Founded in 1898 and headquartered in Raleigh, N.C., First
Citizens Bank serves customers at more than 570 branches in 19
states. First Citizens Bank is a wholly owned subsidiary of First
Citizens BancShares, Inc. (Nasdaq: FCNCA), which has $39 billion in
assets. For more information, call toll free 1.888.FC DIRECT
(1.888.323.4732) or visit www.firstcitizens.com. First Citizens
Bank. Forever First®.
Contact: Barbara ThompsonFirst Citizens
Bank 919.716.2716
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