First Citizens transfers S.C. accounts to new system

A First Citizens branch on Dorchester Road in North Charleston is shown.

First Citizens Bank has completed the transfer of all of its accounts in South Carolina and Georgia to the technology backbone operated by the lender’s North Carolina-based owner.

The back-office move took effect Tuesday.

“This conversion represents a landmark step for First Citizens, uniting two separate banking operations and systems into one,” CEO Frank Holding said in a written statement. “We’ve fortified our already solid foundation and positioned our bank for an even more successful future.

The planned integration affected account holders at 172 branches. Those customers now have access to more offices and automated teller machines, the bank said.

Account numbers and online user names and passwords were not changed, according to a notice that was mailed out Aug. 3.

The switch took place about nine months after Raleigh’s First-Citizens Bank & Trust Co. finalized its purchase of its smaller Columbia-based cousin, First Citizens Bank and Trust Co. The deal was valued at about $637 million.

The combined lender operates 568 branches in 18 states and the District of Columbia and is the largest family-controlled bank in the nation.

Locally, First Citizens has about 20 offices and $690 million in deposits.

Contact John McDermott at 937-5572.