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First Citizens BancShares Inc - FCNCA STOCK NEWS

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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First Citizens Bank (FCB) announced that CIT Northbridge Credit, with advice from First Citizens Institutional Asset Management LLC, has provided working capital financing to Winona Foods in Green Bay, Wisconsin. Winona Foods is a fully integrated processor and distributor of cheese and cheese products. CIT Northbridge Credit is a trusted financial partner supporting middle-market companies with a broad range of flexible asset-based debt solutions.
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First Citizens Bank (FCB) and Jupiter Power LLC (Jupiter Power) have closed on $65.2 million in financing for the construction of a 200-megawatt (MW) / 400 megawatt-hour (MWh) battery energy storage system in Houston, Texas. Jupiter Power, based in Austin, Texas, and Chicago, Illinois, is a leader in energy storage infrastructure with 775 MWh of operating projects, 620 MWh in construction, and more than 11,000 MW of new projects in development from Maine to California.
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First Citizens BancShares, Inc. (BancShares) appoints David G. Leitch, a distinguished leader and executive, to its board of directors and its subsidiary, First-Citizens Bank & Trust Company, effective Jan. 1, 2024. Leitch brings extensive legal and banking industry knowledge from his roles at Bank of America Corp. and Ford Motor Co. He will serve on the board's audit committee and compensation, nominations, and governance committee.
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First Citizens Bank (FCNCA) served as lead arranger of $345 million in financing for DataBank's new ATL4 hyperscale data center in Atlanta, Georgia. The facility, supported with renewable power, is expected to open in Q3 2024, meeting the growing demand for artificial intelligence applications. DataBank's President & CFO, Kevin Ooley, acknowledged the agility and expertise of the First Citizens Bank team in making this financing a reality.
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First Citizens Bank (FCB) announced that CIT Northbridge Credit provided $85 million in financing to CVB Inc. (CVB), the parent company to a leading mattress, bedding, and furniture vendor and distributor. The financing will be used to refinance an existing asset-based revolver and for working capital. CVB is a well-established company with a wide range of products available across more than 20 online channels and thousands of retail locations.
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First Citizens Bank (FCNCA) served as joint lead arranger and joint bookrunner on financing for The Halifax Group's acquisition of the Worldwide Home Care division of Sodexo, a global home care services platform. The financing will fund the acquisition and provide additional liquidity for general corporate purposes. The division manages a portfolio of 10 premium brands across eight countries, operating through over 700 locations and serving approximately 17,000 clients worldwide.
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First Citizens Bank (FCNCA) provided $10 million in financing to FitLife Brands Inc. for the strategic acquisition of MusclePharm, enabling FitLife to enhance profitability through online sales and expanded distribution.
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First Citizens Bank (FCB) announced that CIT Northbridge Credit, advised by First Citizens Institutional Asset Management LLC, provided a $75 million revolving credit facility for Stella & Chewy's LLC (SC). Stella & Chewy's offers premium natural pet food, including freeze dried dinner patties, meal mixers, frozen patties and morsels, baked and extruded kibble, stews, broths, and treats. The financing will support working capital needs and other corporate purposes. SC's CFO, Dean Nolden, expressed gratitude for the financing, citing growing customer demand. Neal Legan, leading the CIT Northbridge team, highlighted SC's potential for growth.
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First Citizens Bank (FCNCA) served as co-collateral agent on $75 million in financing for Turning Point Brands Inc. (TPB), a branded consumer products company based in Louisville, Kentucky. TPB manufactures, markets, and distributes branded consumer products including alternative smoking accessories and consumables through its Zig-Zag and Stoker's brands, available in over 215,000 retail outlets in North America. The off-balance sheet revolving line of credit is backed by inventory and accounts receivable, with inventory as the primary collateral.
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First Citizens Bank (FCNCA) completes $99.3 million in transactions with Kayne Anderson Real Estate and Remedy Medical Properties, financing a surgical hospital acquisition and medical office building refinancing. The properties are fully leased, providing essential healthcare services in Texas and Mississippi.
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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 $2218.11 as of January 22, 2025.

What is the market cap of First Citizens BancShares (FCNCA)?

The market cap of First Citizens BancShares (FCNCA) is approximately 31.1B.

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

31.13B
10.72M
20.46%
68.36%
2.69%
Banks - Regional
State Commercial Banks
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United States of America
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