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HomeBancorp shareholders approve pending merger with First-Citizens Bank

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HomeBancorp shareholders approve pending merger with First-Citizens Bank

Shareholders of Tampa, Fla.-based HomeBancorp Inc. approved the company's pending merger with Raleigh, N.C.-based First-Citizens Bank & Trust Co.

The deal is expected to close on April 30.

Upon completion, branches of HomeBancorp's unit will initially operate as HomeBanc, a division of First-Citizens Bank. HomeBanc customer accounts will be converted to First-Citizens Bank's systems at a later date.