December 31, 2019, the aggregate outstanding balance of loans and leases to our and FCBs directors and officers and business and other entities they control was approximately $145,000 and FCB had an aggregate of approximately $2.62 million in unfunded loan commitments to those persons (in each case exclusive of outstanding and available balances on credit card lines of $15,000 or less, overdraft checking lines of $5,000 or less and intercompany extensions of credit between FCB and our company).
For a number of years, FCB provided item and account processing, statement rendering, network related support, and various other related bank operations services in the ordinary course of its business to a number of other banks, including The Fidelity Bank, Fuquay-Varina, North Carolina (Fidelity), and Southern Bank and Trust Company, Mount Olive, North Carolina (Southern). Those services were substantially terminated during 2012 and 2013. However, in the ordinary course of its business, FCB has continued to provide Fidelity and Southern with access to systems and limited support services to facilitate their research and retrieval of electronically stored account records, statements, reports and documents that continue to reside on systems maintained by FCB. Those services terminated at the end of 2019. FCB continues to serve as trustee of Fidelitys and Southerns pension and Section 401(k) plans, issues credit cards to Southerns customers under which extensions of credit are made to customers by and repaid directly to FCB, and issues business credit cards to Southerns employees under an aggregate credit line of $2 million that may be used only for employee business-related expenses and on which payments of outstanding balances are due monthly. Amounts billed to Fidelity and Southern for all services provided to them during 2019 totaled approximately $212,000 and $686,000, respectively.
Hope H. Bryant, our Vice Chairman, currently serves as a director of both Fidelity and Southern and their respective parent companies, and she and members of her family, including our Chairman and Chief Executive Officer, Frank B. Holding, Jr., and our President, Peter M. Bristow, are principal shareholders of the parent companies of those banks. As a result, we historically have considered transactions with Fidelity and Southern to be covered by the Boards transaction approval policy, and our Audit Committee reviews and approves FCBs new service agreements, and monitors FCBs ongoing relationships, with each of Fidelity and Southern. Under our policy, individual transactions under, or changes (such as changes in services or pricing) in, those service agreements are reviewed and evaluated by FCBs Chief Compliance Officer and reported to the Committee. The Committees normal review and approval process will continue to apply to any relationships or transactions with Fidelity or Southern.
During 2019, our Board of Directors authorized our purchase of outstanding shares of our Class A Common on the open market or in private transactions. During August 2019, and pursuant to the above authority, the Audit Committee approved the purchase of up to an aggregate of 250,000 shares from Ella Ann Holding, as trustee of her revocable trust, in one or more transactions effected on or before April 30, 2020 at prices determined based on market prices in the manner provided in the Committees approval. Mrs. Holding is the mother of our Chairman and Chief Executive Officer, Frank B. Holding, Jr., and our Vice Chairman, Hope H. Bryant. Following the Committees approval, during 2019 we purchased a total of 100,000 shares from Mrs. Holdings trust in two separate transactions at per share prices of $469.56 and $460.23, respectively. In authorizing the purchase of shares, the Audit Committee consulted with independent legal counsel, which assisted the Committee in its analysis of the proposed transactions and its determination of the terms of purchases from Mrs. Holdings trust. The Committee concluded that the specified terms of the proposed purchases were fair and reasonable to us.
In up fitting new office spaces and refurbishing existing spaces in the ordinary course of FCBs business, among other interior decorating firms, FCB uses the services of Claire Bristow Interiors, which is owned and operated by Claire H. Bristow, one of our principal shareholders who is the spouse of our President, Peter M. Bristow, and the sister of our Chief Executive Officer, Frank B. Holding, Jr., and our Vice Chairman, Hope H. Bryant. Mrs. Bristows firm provides services to FCB at a below-market rate and acquires furnishings and fixtures for FCB at wholesale or discounted prices. During 2019, FCB paid an aggregate of $17,167 for the firms services (including fees, expenses and sales taxes) and an aggregate of $148,148 for furnishings and fixtures (including shipping costs) purchased through the firm. The Audit Committee reviews and approves FCBs relationship with Mrs. Bristows firm annually.
FCB leases excess space in one of its branch offices to Twin States Farming, Inc. Olivia B. Holding, one of our principal shareholders and the sister of our Chief Executive Officer, Frank B. Holding, Jr., and Vice Chairman, Hope H. Bryant, and Mrs. Bryant are officers and directors of the lessee, and substantially all of the lessees capital stock is owned by members of the Holding family. During 2019, the lease agreement was amended to provide for a one-year term ending on August 31, 2020, and for the lease to continue on a month-to-month basis thereafter. Previously, the lease was on a month-to-month basis. Monthly rent during the one-year term is $1,636 and increases annually by 2.5% thereafter. In connection with the 2019 amendment, a real estate brokerage firm was engaged to assess the fair market rental rate for the space. If the lease continues in effect after five years, the rental rate will be adjusted based on a new assessment of fair market rental and thereafter will continue to increase annually as provided above. At any time while on a month-to-month basis, either FCB or the lessee may terminate the lease upon advance written notice.
Additional information regarding related person transactions is contained under the caption EXECUTIVE COMPENSATION –Compensation Committee Interlocks and Insider Participation.