Local News

First Citizens Bank Cancels Plan To Open New Branch In Fayetteville

Posted June 2, 2003 2:14 a.m. EDT

— First Citizens Bank has canceled its plan to open a $3 million branch on Hay Street.

The bank says it would take too long to get approval from regulatory agencies for the site plan and building design.

Although the plan was praised by the mayor and other city leaders, the Historic Resources Commission criticized the idea because the bank's plan ignored guidelines for downtown development.