Wednesday, 26 October 2016

Acquisition, Loss-Share Termination Cut Into First Citizens' Profit

First Citizens BancShares reported a sharp decline in quarterly profit that largely reflected merger-related costs and the Raleigh, N.C., company's exit from loss-sharing agreements.

source http://www.americanbanker.com/news/dealmaking-strategy/acquisition-loss-share-termination-cut-into-first-citizens-profit-1092130-1.html

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