FOR IMMEDIATE RELEASE
Dec. 9, 2008

For information, contact

Contact: Ashley Sherry
First Citizens Corporate Communications
Phone: 803-931-1332
Email: ashley.sherry@firstcitizensonline.com
www.firstcitizensonline.com

FIRST CITIZENS LAUNCHES NEW FIDELITY INVESTMENTS 401(k) PLAN

Columbia, S.C.– First Citizens is pleased to announce its new product offering and partnership with Fidelity Investments. First Citizens now offers the Fidelity 401(k) plan to customers. Working with a First Citizens advisor, customers are able to develop a retirement plan for their business and employees through one of the largest retirement plan companies in the marketplace.

"Through our partnership with Fidelity Investments, we are able to offer a higher level of service to our customers," said David Barton, vice president and retirement services manager for First Citizens. "Our advisors are now able to spend even more one-on-one time with clients, determining what best suits their needs."

First Citizens financial advisors are able to leverage Fidelity’s platform, administrative capabilities, and Internet site, giving them more tools and resources to help clients achieve their retirement goals. First Citizens also has a custom communication plan that is used in tandem with Fidelity when dealing with customers’ retirement plans and investment options.

About Fidelity Investments

Fidelity Investments is one of the world’s largest providers of financial services, with custodied assets of $3.3 trillion, including managed assets of more than $1.5 trillion as of February 29, 2008. Fidelity offers investment management, retirement planning, brokerage, and human resources and benefits outsourcing services to 24 million individuals and institutions as well as through 5,500 financial intermediary firms. The firm is the largest mutual fund company in the United States, the No. 1 provider of workplace retirement savings plans, the largest mutual fund supermarket and a leading online brokerage firm. For more information about Fidelity Investments, visit www.fidelity.com.

About First Citizens

First Citizens Bancorporation, Inc., is the parent company of First Citizens Bank and Trust Company, Inc., The Exchange Bank of South Carolina, Inc., and Merchants & Farmers Bank of Comer, Ga. First Citizens Bank offers services in commercial and retail banking through its 190 offices in South Carolina and Georgia. As of September 30, 2008, First Citizens Bancorporation, Inc. had total consolidated assets of $6.42 billion. For more information, visit the First Citizens web site at www.firstcitizensonline.com.

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