Exhibit 22

                         SUBSIDIARIES OF THE REGISTRANT


                                                     State or Jurisdiction
               Subsidiary                               of Incorporation
- --------------------------------------------------------------------------------
First-Citizens Bank & Trust Company                 North Carolina

Atlantic States Bank                                United States of America

FCB/NC Capital Trust I                              Delaware

FCB/NC Capital Trust II                             Delaware

American Guaranty Insurance Corporation             North Carolina

Neuse, Incorporated                                 North Carolina