ROCKY MOUNT, N.C., Aug. 15 /PRNewswire/ -- Centura Banks Inc. (NYSE: CBC)
concludes its merger with First Community Bank in Gastonia, N.C., this week.
First Community shareholders approved the merger August 7, and the transition
to Centura will take place this weekend. The four First Community branches
will reopen as Centura financial centers on Monday, Aug. 19.
First Community has assets of $121 million, with locations in Gaston
County: three in Gastonia and one in Dallas. First Community has the third
highest market share of bank deposits in Gastonia, which is about 20 miles
west of Charlotte. The addition of First Community is the latest in a string
of Western North Carolina acquisitions by Centura in recent years with
institutions in Charlotte, Asheville, Brevard, Shelby, Forest City and
Rutherfordton.
Under the agreement, First Community shareholders will receive .96 shares
of Centura stock for each share of First Community stock.
With assets of $5.6 billion, Centura offers a full range of banking,
investment, insurance and trust services to individuals and businesses
throughout North Carolina. It provides services through 153 financial centers,
more than 200 ATMS at financial centers, Wal-Mart and Sam's stores, its
Centura Highway telephone banking center and Quicken and Microsoft Money, the
leading personal finance software packages. Next month, Centura begins opening
banks in Hannaford supermarkets in the Carolinas.
SOURCE Centura Banks Inc.
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CONTACT:
Frank L. Pattillo, Centura Bank Inc.,
919-977-8341, or fpattillo@centura.com, or Donald R. Lineberger,
First Community Bank, 704-868-4251 (CBC)
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