First Citizens Bank and Trust Co. said it will pay $119 million to acquire Biscayne Bancshares, based in Miami's Coconut Grove, in a deal expected to close in the first half of 2019. The institutions signed a definitive merger agreement on Nov. 16. Approved by the boards of directors of both companies, the acquisition will help the North Carolina-based First Citizens Bank (Nasdaq: FCNCA) expand its footprint in South Florida. "Joining together with a bank like Biscayne - that also has a deep...
