February 23, 2006

For information, contact

First Citizens Bank
Dave Hawsey
Phone: (803) 733-3611

“All-Day Banking” at First Citizens Allows Same-Day Credit for Branch Transactions, Eliminates Traditional Cut-Off Time

COLUMBIA, S.C., January 13, 2006 – Effective March 1, First Citizens will introduce “All-Day Banking,” a new service that allows transactions completed at any of the bank’s South Carolina or Georgia offices prior to close of business and on a week-day to be credited that same day.

All-Day Banking eliminates the afternoon transaction cut-off time, a standard practice under which many banks will credit a deposit or payment on the next business day, if the transaction is completed later than the cut-off time. Previously, First Citizens observed a cut-off time of 2 p.m.

Banking transactions that qualify for the same-day posting include all teller work, such as in-branch deposits; payments to mortgage, line of credit, and credit card accounts with First Citizens; debits; and cashed checks.

All-Day Banking excludes transactions made through First Citizens’ alternative banking channels such as online banking and telephone banking, for which a 4 p.m. cut-off time applies, and to ATM transactions, for which a 2 p.m. cut-off time applies.

All-Day Banking also excludes in-branch transactions conducted on Saturdays.

“All-Day Banking at First Citizens reinforces the message that our customers’ convenience and satisfaction are our top priority,” said Jim Apple, First Citizens chairman and CEO. “Providing immediate credit for an in-branch transaction is another way of saying that when it comes to services that benefit the customer, ‘We’re on it.’”

First Citizens Bancorporation, Inc. is a two-bank financial holding company headquartered in Columbia, South Carolina, with $5.43 billion in total consolidated assets as of Dec. 31, 2005. For more information, visit the First Citizens website at

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