Welcome to our dedicated page for First Citizens BancShares news (Ticker: FCNCA), a resource for investors and traders seeking the latest updates and insights on First Citizens BancShares stock.
First Citizens BancShares Inc is the bank holding company of First Citizens Bank & Trust Company. Founded as the Bank of Smithfield in North Carolina, FCB has expanded through de novo branching and acquisitions. Operating in nearly half of the continental United States, FCB primarily takes deposits in the Carolinas. Historically influenced by the Holding family, FCB provides retail and commercial banking services, trust, wealth management, with main revenue from net interest income.
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Silicon Valley Bank (SVB) has provided a $50 million warehouse facility to Achieve, the leader in digital personal finance. The financing facility will support Achieve's HELOC program, helping homeowners manage high interest rates by using their home's equity to consolidate debt and lower payments.
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First Citizens Bank's Maritime Finance group has provided $10 million in financing to Nordic Handysize IV AS, a subsidiary of Nordic Hamburg, to finance two dry bulk ships. Nordic Hamburg is a ship owner and operator with a fleet of over 80 vessels. The financing will help Nordic Hamburg continue to grow its business.
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First Citizens Bank promotes Marc Heller to vice chairman of CIT Commercial Services and Michael Hudgens to the role of CIT Commercial Services president. Heller has been with CIT since 2004 and has been instrumental in its growth. Hudgens has been managing director since March 2022 and will now oversee all CIT Commercial Services leaders and executives. These promotions aim to accelerate growth and position the business for long-term success.
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FAQ
What is the current stock price of First Citizens BancShares (FCNCA)?
The current stock price of First Citizens BancShares (FCNCA) is $2152.98 as of December 24, 2024.
What is the market cap of First Citizens BancShares (FCNCA)?
The market cap of First Citizens BancShares (FCNCA) is approximately 30.1B.
When was First Citizens BancShares Inc founded?
First Citizens BancShares Inc, the bank holding company of First Citizens Bank & Trust Company, was founded as the Bank of Smithfield in North Carolina.
How does FCB primarily generate revenue?
FCB's main source of revenue is net interest income.
In how many states does First Citizens Bank operate?
First Citizens Bank operates in nearly half of the continental United States, but principally takes deposits in the Carolinas.
What services does FCB provide?
FCB provides a wide range of retail and commercial banking services, traditional lending, deposit-taking, trust, and wealth management.
What is the historical influence on FCB?
FCB's operations have historically been influenced by the Holding family, which has traditionally held executive and director positions, as well as controlling a large percentage of its outstanding stock.
What is the significance of First Citizens Bank today?
First Citizens Bank today is a full-service banking institution with more than 6,000 employees and more than 560 branches in 18 states.
What is the current financial condition of First Citizens BancShares Inc?
FCB, the parent company, has more than $30 billion in assets.
Where is First Citizens BancShares Inc headquartered?
First Citizens BancShares Inc is headquartered in Raleigh, North Carolina.
What is the core business of First Citizens BancShares Inc?
The core business of FCB is providing retail and commercial banking services, trust, and wealth management.
What is the stock symbol of First Citizens BancShares Inc?
The stock symbol of First Citizens BancShares Inc is FCNCA.
How does FCB help its clients build financial strength?
First Citizens Bank helps personal, business, commercial, and wealth clients build financial strength through various banking services and offerings.
First Citizens BancShares Inc
Nasdaq:FCNCA
FCNCA Rankings
FCNCA Stock Data
30.12B
10.72M
20.46%
68.39%
2.7%
Banks - Regional
State Commercial Banks
United States of America
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