UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) May 6, 2016
_________________________________________________________________
First Citizens BancShares, Inc.
(Exact name of registrant as specified in its charter)
| Delaware | 001-16715 | 56-1528994 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
| 4300 Six Forks Road; Raleigh, North Carolina | 27609 |
| (Address of principal executive offices) | (Zip Code) |
Registrant's telephone number, including area code: (919) 716-7000
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| Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: | ||
| [ ] | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| [ ] | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| [ ] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| [ ] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |
| Item 8.01. | Other Events |
On May 6, 2016, Registrant’s wholly-owned subsidiary First-Citizens Bank & Trust Company ("FCB") entered into an agreement with the Federal Deposit Insurance Corporation ("FDIC") to purchase certain assets and assume certain liabilities of First CornerStone Bank of King of Prussia, Pennsylvania. The FDIC serves as Receiver of First CornerStone Bank.
First CornerStone Bank's total assets represent less than 1.0 percent of Registrant’s consolidated assets.
Further information regarding the transaction is included in FCB’s news release dated May 6, 2016 attached hereto as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits
The following exhibit is attached as part of this report.
| Exhibit No. | Exhibit Description | |
| 99.1 | Registrant's news release dated May 6, 2016 | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| First Citizens BancShares, Inc. | ||||
| (Registrant) | ||||
| Date: | May 10, 2016 | By: /s/ Craig L. Nix | ||
| Craig L. Nix | ||||
| Chief Financial Officer | ||||