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Capital Commerce shareholders approve merger with First-Citizens Bank and Trust

Milwaukee, Wis.-based Capital Commerce Bancorp Inc.'s shareholders have approved Raleigh, N.C.-based First-Citizens Bank & Trust Co.'s pending acquisition of Capital Commerce Bancorp Inc. and its subsidiary Securant Bank & Trust.

Customers will be able to continue banking normally at the existing branches of Securant Bank, which will operate as a division of First-Citizens Bank. At a later date, Securant's customer accounts will be converted to First-Citizens Bank's system.

The merger is set to become effective in the fourth quarter, subject to regulatory approvals.

First-Citizens Bank and Trust Company is a unit of First Citizens BancShares Inc.