First Citizens Bank planning to lay off 100 employees in Milwaukee area


First Citizens Bank, which took over Guaranty Bank after federal regulators shut it down last spring, is planning to lay off at least 100 employees in the Milwaukee area in the coming months, according to a notice filed with the state's Department of Workforce Development on Monday.

Raleigh, N.C.-based First Citizens Bank, which mostly operates under the Guaranty Bank name in the Milwaukee area, clarified on Tuesday the staff reductions will impact corporate employees. At least 100 positions are…

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