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First Carolina Bank launches Raleigh, NC-based First Carolina Wealth

Rocky Mount, N.C.-based First Carolina Financial Services Inc.'s bank unit, First Carolina Bank, entered the wealth management business through the launch of Raleigh, N.C.-based First Carolina Wealth.

John Slayton will lead the new wealth management division of the bank as managing director of First Carolina Wealth. He previously was managing director of a North Carolina regional bank's trust department, and president and CEO of an independent trust company in North Carolina.