Layoffs at First American Bank

By: Carly Kennelly
By: Carly Kennelly

Hundreds of First American Bank employees will be hitting the streets in search of new jobs.

200 employees got word from Citigroup to get ready to pack up their things.

Citigroup tells us some laid-off employees will have transitional assignments for up to a year.

The cutbacks are hitting the non-sales force.

In August, First American Bank CEO Don Adam announced he was selling his company to Citigroup. The move satisfied his intentions to offer a portion of the bank's stock to the public.

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