October 6, 2006

For information, contact

Stephen Hudson
Phone: 803.931.1332

First Citizens receives “Outstanding” on Community Reinvestment Act rating

Columbia, S.C., October 6, 2006 – First Citizens received an “Outstanding” Community Reinvestment Act rating from the Federal Deposit Insurance Corporation (FDIC) bank officials announced today.

“This top rating by the FDIC illustrates our commitment to serve the communities where we operate,” said First Citizens Chairman and CEO Jim Apple. “I applaud the efforts of everyone who works for First Citizens because they are the primary reason we have achieved this rating.”

First Citizens was measured by its loans to low and moderate-income individuals as well as loans in low and moderate-income areas. The rating also measures the bank’s community involvement, where branches are located and financial education for low and moderate-income individuals.

There are four categories in the Community Reinvestment Act commonly called a CRA rating: Outstanding, Satisfactory, Needs to Improve, and Substantial Noncompliance. Banks are rated in three areas in the CRA: loans, investments, and services. Less than 15 percent of banks nationwide receive an Outstanding.

The CRA was passed by Congress in 1977 to encourage financial institutions to help meet credit needs of communities in which they operate, including low and moderate-income neighborhoods, consistent with sound banking operations.

First Citizens Bancorporation, Inc. is the parent company of First Citizens Bank and Trust Company, Inc, and The Exchange Bank of South Carolina, Inc. First Citizens Bank offers services in commercial and retail banking through its approximately 170 offices in South Carolina and Georgia. As of June 30, 2006, First Citizens Bancorporation had total consolidated assets of $5.6 billion. For more information, visit the First Citizens web site at

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