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FCNCA > SEC Filings for FCNCA > Form 8-K on 14-May-2009All Recent SEC Filings

Show all filings for FIRST CITIZENS BANCSHARES INC /DE/ | Request a Trial to NEW EDGAR Online Pro

Form 8-K for FIRST CITIZENS BANCSHARES INC /DE/


14-May-2009

Other Events


Item 8.01. Other Events.

Pursuant to authority granted by its Board of Directors, on May 12, 2009, Registrant entered a stock trading plan (the "Plan") with Keefe, Bruyette & Woods, Inc. (KBW) in accordance with the guidelines specified under Rule 10b5-1 of the Securities Exchange Act of 1934. The Plan provides for the repurchase of up to 100,000 shares of Registrant's Class A common stock, and up to 25,000 shares of its Class B common stock. The shares may be purchased from time to time until December 31, 2009. The Board's action approving share repurchases does not obligate Registrant to acquire any particular amount of shares, and purchases may be suspended or discontinued at any time. Any shares of stock that are repurchased will be cancelled.

Disclosures About Forward Looking Statements

The discussions included in this Report and its exhibits may contain forward looking statements within the meaning of the Private Securities Litigation Act of 1995, including Section 21E of the Securities Exchange Act of 1934 and
Section 27A of the Securities Act of 1933. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially. For the purposes of these discussions, any statements that are not statements of historical fact may be deemed to be forward looking statements. Such statements are often characterized by the use of qualifying words such as "expects," "anticipates," "believes," "estimates," "plans," "projects," or other statements concerning opinions or judgments of the Registrant and its management about future events. The accuracy of such forward looking statements could be affected by such factors as, including but not limited to, the financial success or changing conditions or strategies of the Registrant's customers or vendors, fluctuations in interest rates, actions of government regulators, the availability of capital and personnel or general economic conditions.


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