Brief: Ks Bancorp Inc Says Reached Global Settlement With First Citizens Bancshares, Inc

Ks Bancorp

16/05/2018 20:06

May 16 (Reuters) - KS BANCORP INC :
    * KS BANCORP INC - REACHED A GLOBAL SETTLEMENT WITH FIRST
CITIZENS
BANCSHARES, INC
    * KS BANCORP INC - UNDER TERMS OF SETTLEMENT, KS HAS
REPURCHASED
ALL KS SHARES OWNED BY FIRST CITIZENS AND ITS AFFILIATES
    * KS BANCORP INC - OTHER TERMS OF SETTLEMENT WILL REMAIN
CONFIDENTIAL
    * KS BANCORP - UNDER TERMS OF SETTLEMENT, FIRST CITIZENS HAS
AGREED TO VOLUNTARY DISMISSAL OF ITS LAWSUIT BEFORE NORTH
CAROLINA BUSINESS COURT

Source text for Eikon:  ID:nGNX9NYG1l 
Further company coverage:  FCNCA.O 

 ((Reuters.Briefs@thomsonreuters.com;))