Published: Feb 03, 2010 02:00 AM
Modified: Feb 03, 2010 08:18 AM
First Citizens BancShares Inc. has reported 2009 earnings of $115.6 million, or $11.08 per share. A year earlier, earnings were $91.1 million, or $8.73 per share.
Results for 2009 include after-tax gains of $63 million related to the acquisitions of Temecula Valley Bank in Temecula, Calif., and Venture Bank in Lacey, Wash. The Federal Deposit Insurance Corp. helped First Citizens with the acquisitions.
Net interest income during 2009 increased $12.1 million, or 2.4 percent, versus 2008. The provision for loan and lease losses increased $11.1 million, or 16.8 percent. Net charge-offs for 2009 totaled $64.7 million, compared to $45.3 million in the same period of 2008.
Separately, the bank has declared a quarterly dividend of 40 cents per share. The dividend is payable April 5 to shareholders of record March 15.
The People Chasers, a Clayton-based company, has received a 2009 Best of Business Award from the Small Business Commerce Association. The People Chasers specializes in finding research subjects who have taken part in long-term studies but can no longer be found by researchers. The company received its award in the Survey Service: Locating category. The Small Business Commerce Association bases its awards on consumer feedback.
Lee's Signs has moved from Smithfield to 914 E. Sanders St. in Four Oaks. The shop is open from 8 a.m. till 5 p.m. Monday through Friday and by appointment on Saturdays. The phone numbers are 963-2722 and 965-7891.
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