Shamis & Gentile, P.A. is investigating potential claims on behalf of shareholders of First Citizens Bancshares, Inc. (“First Citizens Bancshares” or the “Company”) (FIZN). Concerned shareholders are advised to contact the firm now.
The law firm is investigating whether First Citizens Bancshares’ board of directors and executive officers may have breached their fiduciary duties in connection with the Company’s proposed merger with Park National Corporation (“Park”), particularly whether the board failed to secure the best possible value for First Citizens shareholders.
On October 27, 2025, First Citizens Bancshares and Park National Corporation jointly announced that they had entered into a definitive merger agreement. Under the announced terms, which remain subject to customary closing conditions, First Citizens shareholders are expected to receive 0.52 shares of Park common stock for each FIZN share, valuing the transaction at approximately $317 million based on Park’s closing price on October 25, 2025. The merger is anticipated to close in the first quarter of 2026. Following completion of the transaction, First Citizens’ CEO will lead Park’s new Tennessee region, and one First Citizens director will join Park’s board of directors.
The investigation is focused on whether the First Citizens board conducted a robust and informed process to maximize shareholder value, including whether all reasonable strategic alternatives were considered and whether the agreed-upon terms represent fair value for First Citizens shareholders.
If you held First Citizens (FIZN) shares when the merger was announced on October 27, 2025, and continue to hold them today, you may have legal options to help ensure the transaction provides fair value and full disclosure to shareholders, at absolutely no cost to you.
Shamis & Gentile, P.A. stands out as an advocate for shareholders seeking corporate accountability and governance reforms. The firm is committed to pursuing shareholder actions that benefit companies and their shareholders by recovering damages and implementing meaningful corporate governance improvements. Shamis & Gentile has recovered over $1 billion for consumers nationwide. Its extensive experience, expertise and resources enable the firm to resolve disputes in a wide range of matters, including shareholder actions, class actions and complex commercial litigation.
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