FFIS Finra deleted symbol. Merged with First-Citizens Bank & Trust Company, owned by First Citizens BancShares Inc (NASDAQ: FCNCA); $0.39 per share

http://www.otcbb.com/asp/dailylist_detail.asp?d=12/31/2013&mkt_ctg=NON-OTCBB

I like your financial services but please describe it properly!

Salty, I voted no also.

I voted no.





PROXY FINAL SUBMISSION
•Please check all of the information below for accuracy.
•If any of the information is incorrect, return to the Proxy Ballot by using the Back button below.
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2013 Special Meeting of Shareholders

Tuesday, December 10, 2013

For holders as of: Monday, October 21, 2013

Cusip: 32022X-104






1.Vote

2.Review

3.Confirmed




PROXY BALLOT


You have elected as follows:






Proposal(s)

Recommendations of the Board of Directors


Your Vote




1

TO APPROVE & ADOPT AGREEMENT & PLAN OF MERGER, AS AMENDED & RESTATED (THE "MERGER AGREEMENT"), DATED AS OF OCTOBER 15, 2013, BY & AMONG 1ST FINANCIAL SERVICES CORPORATION ("1ST FINANCIAL"), MOUNTAIN 1ST BANK & TRUST COMPANY (THE "BANK"), AND FIRST CITIZENS BANK & TRUST COMPANY ("FIRST CITIZENS BANK"), ALL AS MORE FULLY DESCRIBED IN THE PROXY STATEMENT.



For


Against



2

TO APPROVE, ON AN ADVISORY (NON-BINDING) BASIS, THE COMPENSATION THAT MAY BE PAID OR BECOME PAYABLE TO 1ST FINANCIAL'S NAMED EXECUTIVE OFFICERS IN CONNECTION WITH THE MERGER, INCLUDING AGREEMENTS AND UNDERSTANDINGS PURSUANT TO WHICH SUCH COMPENSATION MAY BE PAID OR BECOME PAYABLE.



For


Against



3

TO APPROVE A MOTION TO ADJOURN THE SPECIAL MEETING TO A LATER DATE, IF NECESSARY OR APPROPRIATE, INCLUDING IN ORDER TO SOLICIT ADDITIONAL PROXIES IN FAVOR OF THE APPROVAL OF THE MERGER AGREEMENT IF THERE ARE INSUFFICIENT VOTES AT THE TIME OF SUCH ADJOURNMENT TO APPROVE THE MERGER AGREEMENT.



For


Against





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If you would like to receive an electronic confirmation when this vote is recorded, enter your e-mail address here:

I had about 13000 shares as of 10/21. If I had known that would be the shareholder-of-record date for the vote, I would have accumulated more beforehand. But I'm voting no, for what its worth.

Do you guys know what the rules are in terms of what % of us have to vote 'against' in order for the merger to be rejected?

If all of the other regional banks we follow had earned nearly 3 million dollars during the 3rd quarter their pps would be headed for the ten buck level. And he we sit under 40 cents. I'm going to vote no along with you.

Vote no for merger!

Mountain 1st Bank & Trust.... check out last quarter earnings.

http://www2.fdic.gov/idasp/main.asp

FDIC certificate number 57763

Bank earned 2,921 last quarter .

Salty,I will vote no for merge.The bank made 2,921 last quarter.

Hi 56Chevy,I am not sure which security.But I like purchasing stocks in companies that have been delisted from one of the major stock exchanges.I like those stocks to have a nice revenue and show some type of improvement each quarter.I like those companies to have conference calls.Most of all I like the share price to be cheap,cheap,cheap, so I can purchase a bunch of shares.I purchased IMPHO and IMPHP for that reason.I sold my shares because the company loss money one quarter after being profitable.I was afraid the share price would drop really low again. Also,I knew the company did not care for the preferred share. Therefore, I was not sure how that would effect the preferred shares. I purchased TALN for the same reason I was able to purchase 10,000 for .02. The first cheap delisted stock I did well with was MSN.The next one was CRWN. CRWS pays a dividend now.

56 Chevy, maybe this is the last big bank to fail.Glad we do not own shares. I believe it was a private bank,not sure. DALLAS — Hilltop Holdings Inc. (NYSE: HTH) announced today that its subsidiary, PlainsCapital Bank, has entered into a purchase and assumption agreement with the FDIC to assume substantially all of the liabilities and purchase substantially all of the assets of Edinburg, TX-based First National Bank. The transaction is structured as a whole bank purchase and assumption agreement with loss share coverage. PlainsCapital Bank assumed all deposits and will open all branches during normal business hours under its name.

Based on April 19, 2013 balances of First National Bank, PlainsCapital Bank purchased at book value approximately $2.6 billion of assets and assumed approximately $2.4 billion of liabilities. Under the terms of this transaction, PlainsCapital Bank assumed all deposits and did not pay a deposit premium to the FDIC. PlainsCapital Bank bid an asset discount of $260 million. This transaction is expected to be immediately accretive to earnings.

The loss share coverage is based on a 3 tranche structure for the covered loans and other real estate owned. The FDIC will reimburse PlainsCapital Bank for 80 percent, 0 percent and 80 percent of the losses it incurs on all covered assets for tranche 1, 2 and 3, respectively.

Hilltop Holdings previously has bid on failed banks through FDIC-assisted transactions, but this is the first successful acquisition. First National Bank’s deposit franchise and expansive branch network allows PlainsCapital Bank to further develop its Texas footprint. This transaction also allows PlainsCapital Bank to enter the Rio Grande Valley, Houston, Corpus Christi, Laredo and El Paso markets, among others.

“The First National Bank transaction provides an extension of PlainsCapital Bank’s franchise into new Texas markets and strengthens our franchise in markets that we are already serving. We previously have bid on other failed bank transactions and are excited about the opportunity we have in our first FDIC-assisted acquisition,” said Jeremy B. Ford, president and CEO of Hilltop Holdings. “We envision a smooth transition for both customers and employees as we integrate First National Bank into PlainsCapital Bank’s strong platform and culture.”

First National Bank will be integrated into PlainsCapital Bank, and First National Bank’s branches will reopen as PlainsCapital Bank branches during normal business hours. All former First National Bank customers will be able to conduct banking business as usual. Depositors of First National Bank will become depositors of PlainsCapital Bank, and deposits will continue to be insured by the FDIC up to the maximum permitted by law. Depositors may access their accounts as usual through automated teller machine transactions, checks, online banking and debit card transactions. Checks drawn on First National Bank will continue to be processed, and loan customers should continue to make their customary payments, until they are notified otherwise. Customers may continue banking as usual and feel confident that their deposits are secure.

Upon completion of the transaction, Hilltop Holdings and PlainsCapital Bank will remain well capitalized. Regulatory approval of the transaction was simultaneous with the announcement.

Wachtell, Lipton, Rosen & Katz served as legal counsel to Hilltop Holdings and PlainsCapital Bank.

Read more here: http://www.heraldonline.com/2013/09/13/5207065/plainscapital-bank-acquires-edinburg.html#storylink=cpy

If the vote were held today I would vote no to the merger. Even though deposits are down, the Texas ratio is over 100%, and the cap level is only 4.27%, I think the bank has good chance to get healthy on it's own providing the FDIC will keep their hands off. FFIS is in an area that appears to be thriving from what little I can tell about things such as that. A short while back I was in Hendersonville and the place looked to be a beehive of economic activity. The main street in the town is roughly a mile long and I don't remember seeing any retail space that was empty. Each block of Main Street seemed to have it's fair share of shoppers with many carrying bags.

While there, I stopped off at the local chamber of commerce and learned that three new restaurants had just opened as well as two new grocery stores. One of the grocery stores is the Fresh Market which is very "high end". I very much doubt that a business like the Fresh Market would set up shop anywhere without first doing a lot of homework. Also, the Hendersonville/Brevard area is served by three phone books. For an area to have more than one phone book suggests to me that there is a lot of economic activity going on which is not just related to the tourist industry for which the area is known.

Mountain 1st has had their share of problems..., most any nitwit with a dollar calculator could figure that out. But when you consider that the bank is now profitable and is in an area that looks like it can help the bank maintain profitability, it could be that a merger is jumping the gun!

If all FFIS owe in Tarp is 8 million, why the merger? FFIS made over 1 million last quarter.

Mountain First & First Citizens Merge
| Print |
MERGING WITH MOUNTAIN FIRST

First Citizens Bank and Hendersonville-based Mountain 1st Bank announced a merger on Wednesday under which Mountain 1st will receive $10 million. Of the total, $8 million will be used to repay a TARP loan and exit the 2008 bank rescue program and $2 million will go to Mountain 1st shareholders, or 38 cents a share.

Founded in 2004, Mountain 1st operates 12 branches in western North Carolina and has $692 million in assets, $669 million in deposits and $363 million in loans as of June 30. Mountain 1st branches are located in Asheville, Brevard, Columbus, Etowah, Fletcher, Forest City, Hendersonville (two branches), Hickory, Marion, Shelby and Waynesville. It has about 138 employees.

Customers should bank as they normally do at their existing branches, the two banks said in a news release.

Mountain 1st has 5.2 million shareholders. Shares closed Wednesday at 36 cents, down 52 cents from the opening and down $2.33 from its 12 months high of $2.69. The stock reached its high point, $28.01, on Dec. 1, 2006.

Pending completion of the merger, Mountain 1st Bank branch offices will open as First Citizens Bank branches.

"We welcome the opportunity to merge into First Citizens," said Mayer. "Our companies have a shared commitment to providing outstanding service and building strong relationships in the communities we serve. Customers will benefit from First Citizens' century-long dedication to safety and stability, a more robust line of products and a greater overall capacity to serve their financial needs. It is an attractive agreement for our company and our constituents."

The merger was announced by Raleigh-based First Citizens Bank and 1st Financial Services Corporation, which operates Mountain 1st. The announcement was made jointly by Frank B. Holding Jr., chairman and chief executive officer of First Citizens Bank, and Michael G. Mayer, chief executive officer of 1st Financial Services Corp. and Mountain 1st Bank.
The agreement has been approved by the Boards of Directors of all three companies. The transaction is expected to close no later than the first quarter of 2014, subject to the receipt of regulatory approvals and the approval of Mountain 1st shareholders.

I just got back from playing bridge and I see FFIS has left me poverty stricken. I own 2200 shares.

56Chevy,I appreciate your help.I hope you continue to offer it.When you invest in a stock sometimes the unexpected happen.

Hi 56Chevy,I never even thought about book value.I am going to pay more attention to book value.I am still holding my 200 shares because I do not believe the pps will drop any lower.

If this merger were finalized today shareholders would receive 0.38 cents @ share.

FFIS's book value has been declining and at the time of this announcement was .52..which means First-Citizens Bank & Trust Company bought 1st Financial Services Corporation at a 27% discount.

This merger among equals was survival consolidation for each bank.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=90205378

Salty,I hope you got out of FFIS before the bad news.I am going to stay away from banks that owe Tarp.

I hope shareholders vote NO on the offer.

Popper, thanks for the information.I thought FFIS had turned the corner.I will not purchase any more bank stocks that owe Tarp.

Form 8-K for 1ST FINANCIAL SERVICES CORP

28-Aug-2013

Entry into a Material Definitive Agreement, Other Events, Financial S


Item 1.01 - Entry into a Material Definitive Agreement
On August 28, 2013, 1st Financial Services Corporation (the "1st Financial"), its wholly-owned subsidiary, Mountain 1st Bank & Trust Company (the "Mountain 1st"), and First-Citizens Bank & Trust Company ("First-Citizens") entered into an Agreement and Plan of Merger (the "Merger Agreement"). Pursuant to the Merger Agreement, 1st Financial and Mountain 1st will, on the terms and subject to the conditions set forth in the Merger Agreement, merge with and into First-Citizens, so that First-Citizens will be the surviving banking corporation in the merger (the "Merger"). 1st Financial, Mountain 1st and First-Citizens anticipate that the Merger will close no later than the first quarter of 2014, subject to customary closing conditions, including regulatory approvals and approval of 1st Financial's shareholders.

At the effective time of the Merger (the "Effective Time"), each share of common stock, par value $5.00 per share, of 1st Financial issued and outstanding immediately before the Effective Time (the "1st Financial Common Stock") will be converted into the right to receive cash in an amount equal to $2.0 million divided by the total number of outstanding shares of 1st Financial Common Stock as of the Effective Time. At the Effective Time, the 1st Financial Common Stock, along with any unexercised options, shall be cancelled. There are presently 5,202,385 shares of 1st Financial Common Stock issued and outstanding.


http://biz.yahoo.com/e/130828/ffis8-k.html

Salty,I like the march toward $2.00.

Slowly but surely FFIS is marching it's way to the two buck level.

I agree FFIS has turned the corner.I like the information you provided about the bank.FFIS I believe has 11 branches.

My call was just returned and FFIS does owe 16,369,000 in TARP. Considering the rate at which the bank is improving, I don't see TARP as a problem.

Salty,Thanks

I just called and left a message on the CEO's voice mail about TARP. As soon as the call is returned I'll let you know what was said. TARP being owed just didn't show up on BankTracker for me.

FFIS

1st Financial Services Corporation , completed its formation on May 23, 2008 as a bank holding company and the parent of Mountain 1st Bank & Trust Company. 1st Financial is a public company, the common stock of which is currently traded on the OTC Bulletin Board under the symbol "FFIS".

Mountain 1st Bank was chartered on April 30, 2004 and opened for business May 14, 2004 in Hendersonville, N.C. which remains the headquarters location for both Mountain 1st Bank and 1st Financial Services Corporation.

Since its inception in 2004, Mountain 1st has become one of the most rapidly growing and most successful de novo community banks in the country. Currently, our asset base exceeds $700 million which is serviced from our twelve full service branches located in nine western North Carolina counties. With nearly 3,700 shareholders, 1st Financial is one of the few publicly traded companies headquartered in western North Carolina.

Banking Market

The area of western North Carolina in which we currently operate consists principally of Buncombe, Catawba, Cleveland, Haywood, Henderson, McDowell, Polk, Rutherford, and Transylvania Counties. The cities and towns in which we operate include Asheville, Brevard, Columbus/Tryon, Etowah, Fletcher, Forest City / Rutherfordton, Hendersonville, Hickory, Marion, Shelby, Waynesville and the surrounding areas. The economy of the area is generally considered stable and growing. The primary economic drivers of the area are tourism and a burgeoning retirement industry which has provided a significant stimulus to residential and resort development. Although this area has relatively few large manufacturing facilities, it has numerous small to mid-sized businesses, which are our primary business customers. These businesses include agricultural producers, artisans and specialty craft manufacturers, small industrial manufacturers, and a variety of service oriented industries.

Services

Our operations are primarily retail oriented and directed toward individuals and small- and medium-sized businesses located in our banking market. The majority of our deposits and loans are derived from customers in our banking market, but we also make loans and have deposit relationships with individual and business customers in areas surrounding our immediate banking market. We provide most traditional commercial and consumer banking services, but our principal activities are taking demand and time deposits and making consumer and commercial loans. Our primary source of revenue is the interest income we derive from our lending activities. However, we also generate income from other fee-based products and services we provide.

I'm going to call FFIS to find out about their TARP situation.

Salty,FFIS 2 million in profit last quarter..... only 5,168.546 shares outstanding.FFIS has turned the corner.FFIS does owe TARP. Now, that the bank is profitable paying the TARP back should not be much of a problem.

56Chevy,you may find NWPP interesting. FDIC Certificate number 34890.Check out New People bank website.

56Chevy thank you.

You got it right..well done. The Banks' Net Income as of 6/30/2013 was a positive $2,179,000.

By comparison to the past that's a fantastic trend the bank is in when you consider they LOST -$20.442MM in 2011 ...and another $5.138MM in 2010!

This bank has defintely turned the corner!

https://cdr.ffiec.gov/public/Reports/UbprReport.aspx?rptCycleIds=74%2c69%2c72%2c67%2c63&rptid=283&idrssd=3261549&peerGroupType=&supplemental=

You read the figure right. The bank had over 2 million in profit last quarter which would have to be considered stellar!

I believe that bank earned 2,179 for the last quarter.Salty know how to read those statements better than me."Net income arttributable to bank...2,179.".I also believe the bank we own the most shares in loss 166 thousand last quarter.That bank will pay off in the future.Check that out with Salty.

Unfortunately, That site doesn't work in my Apple devices...

Check out FFIS earnings at http://www2.fdic.gov/idasp/report_BHC.asp?inSortIndex=0&inCert1=3019339


FDIC certificate NUMBER 57763


I missed the boat also.I did purchase a few shares today.

http://banktracker.investigativereportingworkshop.org/banks/north-carolina/hendersonville/mountain-1st-bank-trust-company/

1st FS Corporation
Hendersonville, NC
Total TARP funds owed: $16,369,000
$16,369,000 on Nov. 14, 2008

5,204,385 shares of common stock outstanding

Mr. Market PPS as of 7/22/2013 was $1.08

Book Value as of March 2013 was .67

EPS in 1st Qtr 2013 was .04 @ share.

http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=9264868-14698-20021&type=sect&dcn=0001354488-13-002373

*Over-priced...needs to come down.

Welp, I feel like I missed the boat on this one...

Should have snagged some in the .40's when I put it on watch. Ugh.

Someone snatched up 14k @ .60 here today!

$FFIS Nice Gain

Scott Try EQUITIES IRHub, Leave a link for your investment News.

Add to you Favorites!! Thanks

HEY ICE I LIKE THIS FROM PINKS.

FFIS Security Details
Share Structure
Market Value1 $1,748,959 a/o Dec 03, 2010
Shares Outstanding 4,997,027 a/o May 24, 2008
Float N/A
Authorized Shares N/A
Par Value 5.0000


AS PER 10Q IS 35 MIL.

Market Summary
Market Value ($M) 4.33
Stock Quote $ .85
Change $ 0.55
183.33 %
Volume 22,387

As of December 3, 2010 11:56 AM
Minimum 20 minute delay.
1st Financial Services Corporation , completed its formation on May 23, 2008 as a bank holding company and the parent of Mountain 1st Bank & Trust Company. 1st Financial is a public company, the common stock of which is currently traded on the OTC Bulletin Board under the symbol "FFIS".

Mountain 1st Bank was chartered on April 30, 2004 and opened for business May 14, 2004 in Hendersonville, N.C. which remains the headquarters location for both Mountain 1st Bank and 1st Financial Services Corporation.

Since its inception in 2004, Mountain 1st has become one of the most rapidly growing and most successful de novo community banks in the country. Currently, our asset base exceeds $800 million which is serviced from our fourteen full service branches located in nine western North Carolina counties. With nearly 3,700 shareholders, 1st Financial is one of the few publicly traded companies headquartered in western North Carolina.

Banking Market

The area of western North Carolina in which we currently operate consists principally of Buncombe, Catawba, Cleveland, Haywood, Henderson, McDowell, Polk, Rutherford, and Transylvania Counties. The cities and towns in which we operate include Asheville, Brevard, Columbus/Tryon, Etowah, Fletcher, Forest City / Rutherfordton, Hendersonville, Hickory, Lake Lure, Marion, Shelby, Waynesville and the surrounding areas. The economy of the area is generally considered stable and growing. The primary economic drivers of the area are tourism and a burgeoning retirement industry which has provided a significant stimulus to residential and resort development. Although this area has relatively few large manufacturing facilities, it has numerous small to mid-sized businesses, which are our primary business customers. These businesses include agricultural producers, artisans and specialty craft manufacturers, small industrial manufacturers, and a variety of service oriented industries.

Services

Our operations are primarily retail oriented and directed toward individuals and small- and medium-sized businesses located in our banking market. The majority of our deposits and loans are derived from customers in our banking market, but we also make loans and have deposit relationships with individual and business customers in areas surrounding our immediate banking market. We provide most traditional commercial and consumer banking services, but our principal activities are taking demand and time deposits and making consumer and commercial loans. Our primary source of revenue is the interest income we derive from our lending activities. However, we also generate income from other fee-based products and services we provide.


Contact Information


1st Financial Services Corporation / Mountain 1st Bank & Trust
4300 Six Forks Rd
Raleigh, NC 27609
or
PO Box 29522
Raleigh, NC 27626
(866) 215-2480
Investor Relations Contact
Mr. Mike Mayer
mmayer@mountain1st.com

Market Summary
Market Value ($M) 4.33
Stock Quote $ .85
Change $ 0.55
183.33 %
Volume 22,387
As of December 3, 2010 11:56 AM
Minimum 20 minute delay.
1st Financial Services Corporation , completed its formation on May 23, 2008 as a bank holding company and the parent of Mountain 1st Bank & Trust Company. 1st Financial is a public company, the common stock of which is currently traded on the OTC Bulletin Board under the symbol "FFIS".

Mountain 1st Bank was chartered on April 30, 2004 and opened for business May 14, 2004 in Hendersonville, N.C. which remains the headquarters location for both Mountain 1st Bank and 1st Financial Services Corporation.

Since its inception in 2004, Mountain 1st has become one of the most rapidly growing and most successful de novo community banks in the country. Currently, our asset base exceeds $800 million which is serviced from our fourteen full service branches located in nine western North Carolina counties. With nearly 3,700 shareholders, 1st Financial is one of the few publicly traded companies headquartered in western North Carolina.

Banking Market

The area of western North Carolina in which we currently operate consists principally of Buncombe, Catawba, Cleveland, Haywood, Henderson, McDowell, Polk, Rutherford, and Transylvania Counties. The cities and towns in which we operate include Asheville, Brevard, Columbus/Tryon, Etowah, Fletcher, Forest City / Rutherfordton, Hendersonville, Hickory, Lake Lure, Marion, Shelby, Waynesville and the surrounding areas. The economy of the area is generally considered stable and growing. The primary economic drivers of the area are tourism and a burgeoning retirement industry which has provided a significant stimulus to residential and resort development. Although this area has relatively few large manufacturing facilities, it has numerous small to mid-sized businesses, which are our primary business customers. These businesses include agricultural producers, artisans and specialty craft manufacturers, small industrial manufacturers, and a variety of service oriented industries.

Services

Our operations are primarily retail oriented and directed toward individuals and small- and medium-sized businesses located in our banking market. The majority of our deposits and loans are derived from customers in our banking market, but we also make loans and have deposit relationships with individual and business customers in areas surrounding our immediate banking market. We provide most traditional commercial and consumer banking services, but our principal activities are taking demand and time deposits and making consumer and commercial loans. Our primary source of revenue is the interest income we derive from our lending activities. However, we also generate income from other fee-based products and services we provide.


Contact Information


1st Financial Services Corporation / Mountain 1st Bank & Trust
4300 Six Forks Rd
Raleigh, NC 27609
or
PO Box 29522
Raleigh, NC 27626
(866) 215-2480
Investor Relations Contact
Mr. Mike Mayer
mmayer@mountain1st.com