BYH to folks that don’t move over or get out of the way for emergency vehicles. One day it might be your relative they...

First Citizens, Capital Commerce announce merger agreement


Monday, July 30, 2018

First-Citizens Bank & Trust Company (known as First Citizens Bank) and Capital Commerce Bancorp, Inc. announced the signing of a definitive merger agreement. Capital Commerce Bancorp provides personal and business banking products and services through its subsidiary, Securant Bank & Trust.

The agreement provides for the acquisition of Milwaukee-based Capital Commerce Bancorp by First Citizens Bank, which is headquartered in Raleigh. The announcement was made jointly by Frank B. Holding Jr., chairman and chief executive officer of First Citizens Bank, and David A. Davis, president and chief executive officer of Capital Commerce Bancorp.

The agreement has been approved by the boards of directors of both companies. The transaction is expected to close no later than the fourth quarter of 2018, subject to the receipt of regulatory approvals and the approval of Capital Commerce Bancorp shareholders. Under the terms of the agreement, cash consideration of $4.75 per share will be paid to the shareholders of Capital Commerce for each share of its common stock.

As of March 31, 2018, Capital Commerce Bancorp reported $216 million in consolidated assets, $171 million in deposits and $181 million in gross loans.

With headquarters in Menomonee Falls, Securant formed in 1914 and offers banking through four branch locations in Hartland, Milwaukee, Menomonee Falls and Slinger.

Frank B. Holding Jr., chairman and CEO of First Citizens, said: “This agreement will allow us to expand our presence and enhance our banking efforts — especially our business and commercial focus — in the Greater Milwaukee area. Combining with a bank like Securant that has a similar history, mission and purpose is a natural fit and will create value for shareholders and customers alike. Securant has a tremendous banking heritage, and we look forward to building on what they’ve accomplished.”

David A. Davis, president and CEO of Capital Commerce Bancorp and Securant, said: “We’re pleased to announce this transaction with First Citizens Bank. Like Securant, First Citizens has a long and illustrious history, and we share a similar foundation of core values. The two companies are very well suited for one another. We believe this merger is in the best interests of our shareholders, customers and employees. Our customers will benefit from First Citizens’ wide offering of retail products and services and their deep business and commercial banking experience.”

Hovde Group, LLC acted as financial advisor and rendered a fairness opinion to the Board of Directors of Capital Commerce Bancorp, Inc. in connection with this transaction. Ward and Smith, P.A., represented First Citizens in the transaction; Reinhart Boerner Van Deuren represented Capital Commerce Bancorp.

Founded in 1898 and headquartered in Raleigh, First Citizens Bank serves customers at more than 500 branches in 19 states. First Citizens Bank is a wholly owned subsidiary of First Citizens BancShares, Inc. which has $34 billion in assets.


Humans of Greenville


Local photographer Joe Pellegrino explores Greenville to create a photographic census of its people.


November 12, 2018


The City of Greenville Inspections Department issued the following permits for Oct. 30-Nov. 5:

■ Langston Farms LLC, 565 Regency Blvd., commercial uplift, $865,000.

■ Groundbreaking Developers LLC, 3912 W. Vancroft Circle, Units 1-9, multifamily townhome, $592,200.…

November 12, 2018

WINTERVILLE — Boneyard Harley recently celebrated its grand opening with a weekend celebration.

Boneyard Harley-Davidson, formerly Hometown Harley-Davidson, is under the new ownership of Jerry Carrillo of Dayton, Ohio and Marc Ingwersen of Findlay, Ohio.

“We wanted to set ourselves…


November 12, 2018

Eagle Transport Corp. recently was honored with a SmartWay Excellence Award from the Environmental Protection Agency as an industry leader in freight supply chain environmental performance and energy efficiency.

“Safe and responsible transportation of chemical and petroleum products are core…


November 12, 2018

Hendon joins team at Gastroenterology East

Gastroenterology East, P.A. and Dr. Jack Cole have announces that Dr. Shane Hendon joined the practice in October.

Hendon’s professional training began with Medical School at University of Pikeville, College of Osteopathic Medicine in Kentucky. His…


November 12, 2018

East Carolina University Student Media director John Harvey received one of the nation’s top awards for collegiate media advisers at the annual College Media Association (CMA) Convention on Oct. 28 in Louisville, Kentucky.

Harvey was one of four to receive the 2018 award for…

John Harvey and TEC staff at CMA 2018.JPG

November 12, 2018

TODAY: The Pitt Community College Small Business Center is hosting a free seminar from 6-9 p.m. entitled ‘What is an Income Statement?’ Learn how an income statement works, what it contains, and where the numbers come from. Contact Wendy Dunbar at 493-7528 or wdunbar@email.…

November 12, 2018

Millions of small business and home owners currently depend on the National Flood Insurance Program (NFIP) to protect their property against flooding, the most costly and common natural disaster in the United States. To continue providing flood insurance after November 30, 2018, Congress must…

November 12, 2018

The American Association of Diabetes Educators (AADE) recently awarded six Vidant Health locations with an accreditation underscoring exceptional care in helping diabetes patients control their disease.

“We are delighted to be recognized by AADE in this way,” said Dr. Karen Coward,…

Vidant Health Diabetes Self-Management and Support Program.jpg

November 12, 2018

The following new corporations in Pitt and neighboring counties filed Nov. 1-17 with the N.C. Secretary of State’s office:

■ AmbuCare Medical Transport Inc., agent Mary Alice Whitehead, 7187 County Home Road, Ayden.

■ Aqualitate LLC, agent Curtis Bearden, 38 Sir Dillons Lane,…

November 12, 2018

The following deeds of trust were recorded with the Pitt County Registrar of Deeds from Nov. 1-7:

■ Gregory O. Willis to Union Home Mortgage Corp. $169,900

■ Mary Ann O'Malley, Kevin O'Malley to Quicken Loans Inc. $147,811

■ Sandra A. Hickman to Bank of America NA $100,…

210 stories in Workweek. Viewing 1 through 10.
«First Page   «Previous Page        
Page 1 of 21
        Next Page»   Last Page»