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First Citizens BancShares Declares Dividend

RALEIGH, N.C., July 25, 2011 (GLOBE NEWSWIRE) -- The Board of Directors of First Citizens BancShares, Inc. (Nasdaq:FCNCA) today declared a quarterly dividend of 30 cents per share on the Class A and Class B common stock. The dividend is payable Oct. 3, 2011, to shareholders of record Sept. 19, 2011.

ABOUT FIRST CITIZENS BANCSHARES

BancShares is the financial holding company for First Citizens Bank. First Citizens Bank and its IronStone Bank division provide a broad range of financial services to individuals, businesses, professionals and the medical community through a network of 442 branch offices, telephone banking, online banking and ATMs. For more information, visit First Citizens' Web site at firstcitizens.com.

CONTACT: Barbara Thompson
         First Citizens BancShares
         (919) 716-2716
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