First Citizens BancShares (NASDAQ:FCNCO) is the bank holding company for First-Citizens Bank & Trust Company, commonly known as First Citizens Bank. The company provides banking and financial services to individuals, businesses, nonprofit organizations and government entities through a network of branches, digital banking channels and other financial-service offices.
Its offerings include deposit accounts, residential and commercial lending, consumer loans, credit cards, treasury and cash-management services, investment and wealth-management solutions, and other financial products. The company also serves commercial clients through specialized banking activities, including equipment financing, factoring and asset-based lending.
Founded in 1898 in North Carolina, First Citizens has expanded beyond its original regional footprint to serve customers across many parts of the United States. In 2023, First Citizens Bank assumed the deposits and acquired certain loans and other assets of Silicon Valley Bridge Bank, substantially expanding its commercial banking operations and technology-focused client base.
First Citizens BancShares is led by Frank B. Holding Jr., who serves as chairman and chief executive officer. The company is headquartered in Raleigh, North Carolina.
