First Citizens BancShares, Inc. is the bank holding company for First-Citizens Bank & Trust Company, commonly known as First Citizens Bank. The company provides personal, business and commercial banking services, including checking and savings accounts, consumer and commercial loans, mortgages, credit cards, treasury management and deposit products.
Through its banking operations, First Citizens also offers wealth management, investment services, trust and estate planning, equipment financing, capital markets support and other financial services. The bank serves individuals, small and midsize businesses, large corporations, nonprofit organizations and government entities through branch locations and digital banking channels.
Founded in 1898 in North Carolina, First Citizens has expanded its presence across the United States through organic growth and acquisitions. It acquired CIT Group in 2022, broadening its commercial and specialty-finance capabilities, and acquired substantially all of the deposits and loans of Silicon Valley Bridge Bank in 2023. First Citizens BancShares is headquartered in Raleigh, North Carolina, and is led by Executive Chairman Frank B. Holding Jr. and Chief Executive Officer Frank B. Holding IV.
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