History of First Citizens Bank and Trust Company, Inc.

The history of First Citizens has been one of growth and prosperity. Here is a brief timeline.

  • 1913: The Homestead Bank was founded in Columbia, S.C. The bank was later renamed the Commercial Bank and Trust Company of South Carolina.
  • 1964: Three brothers – Frank, Lewis, and Robert Holding – who were affiliated with First Citizens Bank and Trust Company of North Carolina, purchased control of the Anderson Bank of Dillon, S.C., a one-unit bank with 16 associates.
  • 1968: Anderson Bank of Dillon, S.C., grew through mergers and its name changed to the Citizens Bank of South Carolina.
  • 1970: The Commercial Bank and Trust Company of South Carolina merged with the Citizens Bank of South Carolina and became First Citizens Bank and Trust Company of South Carolina, headquartered in Columbia, S.C.
  • 1995: Summerville (S.C.) National Bank was acquired by First Citizens.
  • 2003: First Citizens entered the Georgia market by acquiring First Bank and Trust and the Bank of Toccoa.
  • 2004: Citizens Bank in Georgia was acquired by First Citizens.
  • 2005: First Citizens acquired People’s Community Bank in Aiken, S.C., and Summit Financial Corporation in Greenville, S.C.
  • 2006: First Citizens moved into its new corporate headquarters in Columbia, S.C.
  • 2008: First Citizens acquired Community Resource Bank, based in Orangeburg, S.C., and Merchants & Farmers Bank, based in Comer, Ga.
  • 2009: First Citizens entered the Augusta, Ga., market after opening denovo offices. In the same year, First Citizens entered the Atlanta market by acquiring Georgian Bank through an FDIC-assisted transaction.
  • 2010: First Citizens acquired Williamsburg (S.C.) First National Bank through an FDIC-assisted transaction.
  • 2011: First Citizens acquired Atlantic Bank & Trust (Charleston, S.C.) through an FDIC-assisted transaction. The Exchange Bank of South Carolina, a subsidiary of First Citizens Bancorporation, merged with First Citizens.
  • 2014: First Citizens Bancorporation (parent company of First Citizens Bank and Trust Company, Inc., based in Columbia, South Carolina), merged with First Citizens BancShares, Inc., based in Raleigh, North Carolina.
  • 2015: Effective January 1, 2015, First Citizens Bank and Trust Company, Inc., which was headquartered in Columbia, S.C., (First Citizens SC) merged with and into First-Citizens Bank & Trust Company, headquartered in Raleigh, N.C. (First Citizens Bank NC).

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