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Transactions With Related Persons
9 Months Ended
Sep. 30, 2015
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure
TRANSACTIONS WITH RELATED PERSONS
BancShares had, and expects to have in the future, banking transactions in the ordinary course of business with directors, officers and their associates (Related Persons) and entities that are controlled by Related Persons.

On September 4, 2015, FCB signed a definitive agreement to sell certain assets and liabilities of its branch office located at 800 South Lafayette in Shelby, North Carolina to The Fidelity Bank, a financial institution controlled by Related Persons. The branch sale is anticipated to close on December 4, 2015. In connection with the sale, FCB will receive a 1 percent premium on deposits sold. The premium is not expected to be material.