New York, June 12, 2014 -- Moody's Investors Service affirmed all the ratings of First-Citizens Bank & Trust Company. First Citizens has long- and short-term bank deposit ratings of A3 and Prime-2, respectively, and a standalone bank financial strength of C, mapping to a standalone baseline credit assessment of a3. The rating outlook is stable. First Citizens Bank & Trust Company is the banking subsidiary of First Citizens BancShares, Inc., which is not rated by Moody's (collectively hereto referred to as 'First Citizens'). The rating affirmation follows First Citizens' announcement that it has entered into an agreement to acquire South Carolina-based First Citizens Bancorporation, Inc.

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