City of Providence v. First Citizens Bancshares, Inc.

OPINION

BOUCHARD, C.

I. INTRODUCTION

This action involves a challenge by plaintiff City of Providence (“Providence”) to a forum selection bylaw (the “Forum Selection Bylaw”) adopted by defendant First Citizens BancShares, Inc., (“FC North”), a bank holding company incorporated in Delaware and based in Raleigh, North Carolina. The Forum Selection Bylaw is virtually identical to the ones that then-Chancellor, now Chief Justice, Strine found to be facially valid in Boilermakers Local 15U Retirement Fund v. Chevron Corporation (“Chevron ”) 1 except in one respect: it selects as the forum the United…