First Citizens Issues Clarification on Milwaukee Area Guaranty Bank Branches

First Citizens Bank, which operates a Guaranty Bank division, issued the following statement today to clarify recent inaccurate news reports:

• We have no plans to close either the Guaranty Bank Brown Deer branch at 4000 West Brown Deer Road or Bayshore branch at 5610 North Bayshore Drive in Glendale. 
• The staff reductions mentioned in a regulatory filing impact corporate staff locations and associates, who have been previously notified.  No branch associates are impacted.

First Citizens Bank operates 11 branches in the greater Milwaukee area – 10 branches as a division of Guaranty Bank and one branch as First Citizens Bank from a previous, separate acquisition.

Founded in 1898 and headquartered in Raleigh, North Carolina, First Citizens Bank serves customers at more than 500 branches in 21 states. First Citizens Bank is a major subsidiary of First Citizens BancShares Inc. (Nasdaq:FCNCA), which has more than $34 billion in assets. For more information, call toll free 1.888.FC DIRECT (1.888.323.4732) or visit firstcitizens.com. First Citizens Bank. Forever First®.

Contact: Barbara ThompsonFirst Citizens Bank919.716.2716