First Citizens Bancshares, Inc. FCNCA

Company Overview

First Citizens BancShares, Inc. is a U.S.-based financial holding company headquartered in Raleigh, North Carolina, operating primarily through its principal banking subsidiary, First-Citizens Bank & Trust Company. The company provides a broad range of retail and commercial banking services, including consumer banking, commercial lending, wealth management, treasury services, equipment financing, and technology-focused banking. It operates within the banking and financial services industries, with revenue primarily generated through net interest income, fee-based banking services, wealth management activities, and commercial lending operations. The company serves individual consumers, small and middle-market businesses, commercial enterprises, and institutional clients across the United States.

The company traces its origins to 1898 as the Bank of Smithfield in North Carolina and has evolved through decades of organic growth and acquisitions. A major strategic milestone occurred in 2023 when First Citizens acquired substantial assets and liabilities of Silicon Valley Bridge Bank, N.A., significantly expanding its national commercial banking presence and technology-sector client base. The acquisition materially increased the company’s scale, deposits, and exposure to innovation-driven industries. The bank has historically emphasized conservative credit management, relationship banking, and long-term family leadership through the Holding family, which continues to maintain significant ownership influence.