Business In Brief - December 18, 2007

Shene to succeed Stuber at First Citizens

First Citizens Bank announced Monday that Andy Shene will replace Dennis Stuber as senior vice president and market executive of its Rock Hill area.

Stuber will be moving to his hometown of Camden in January, where he'll lead the bank's expansion into that market.

With more than 10 years of banking experience, Shene brings expertise in commercial lending, sales development and business management to his new role. He will be responsible for overseeing the retail and commercial banking activity in the market, which includes eight branches located in Rock Hill, York, Sharon, Fort Mill and Tega Cay. Shene will be based at First Citizens' Rock Hill main office at 226 E. Main St.

Prior to joining First Citizens, Shene, a Citadel graduate, held several bank management positions, including roles as regional president, city executive, commercial relationship manager and business development officer. Most recently, Shene served as the chief sales and marketing officer at the Capital Bank in Raleigh, N.C.

Business-after-hours event tonight in York

YORK -- The Greater York Chamber of Commerce Business After Hours will be from 5:30 to 7:30 p.m. today at the McCelvey Center, 212 E. Jefferson St.

Sponsored by United Way of York County and the chamber, the networking event is open to all chamber members and guests.

Ingersoll-Rand to buy Trane cooling systems

TRENTON, N.J. -- In a deal worth a cool $10 billion, Ingersoll-Rand will acquire Trane and create one of the world's largest makers of commercial and residential home air conditioners, refrigerators for trucks and stores, and other climate control products.

Some Ingersoll-Rand shareholders seemed disappointed and sold Ingersoll-Rand stock, driving shares down sharply.

The $10.1 billion cash and stock deal gives Ingersoll-Rand, which makes Thermo King refrigerated trucks and Hussmann refrigerated display cases, access to Trane's building and transportation cooling systems.