First Citizens BancShares (NASDAQ:FCNCA) is the financial holding company for First-Citizens Bank & Trust Company, which operates under the First Citizens Bank name. Headquartered in Raleigh, North Carolina, the company provides banking and financial services to individuals, businesses, nonprofit organizations and government entities.
Its offerings include checking and savings accounts, consumer and commercial loans, mortgages, credit cards, cash-management and treasury services, investment services, and wealth management. The bank also serves middle-market companies and larger institutions through commercial banking, capital markets and specialized financing capabilities.
First Citizens traces its history to 1898, when its predecessor began banking operations in North Carolina. The company expanded through organic growth and acquisitions, including its 2022 acquisition of CIT Group and its 2023 transaction with the Federal Deposit Insurance Corporation involving the deposits and loans of Silicon Valley Bridge Bank. These transactions broadened its commercial, specialty finance and wealth-management operations.
First Citizens Bank serves customers through branches and digital banking channels across the United States, with a particularly strong presence in the Southeast and additional operations in other regions. Frank B. Holding Jr. serves as chairman and chief executive officer of First Citizens BancShares and First Citizens Bank.
