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Bank of Montgomery began in Troy, North Carolina in 1935 [3] and changed its name to First Bank in February 1985. [4]On December 16, 1999, First Bancorp agreed to buy First Savings Bancorp Inc., parent of First Savings Bank of Moore County, with six branches and $325 million in assets, for $78.4 million in stock.
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First Citizens Bancshares, Inc. is a bank holding company based in Raleigh, North Carolina and one of the largest banks in the United States.Its primary subsidiary is First Citizens Bank, which operates over 500 branches in 23 states.
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With the merger approved by stockholders on July 31, 2007, the new bank is the sixth largest in North Carolina. The post-merger institution, operating under the name NewBridge Bank, began public operations on November 13, 2007. [5] As of May 20, 2011, Union First Market Bank acquired the Harrisonburg, VA branch of NewBridge Bank.