First Citizens BancShares, Inc. (FCNCA) is a not just a company but a banking legend, with over 120 years of financial expertise, headquartered in Raleigh, North Carolina. This financial institution is one of the largest family-controlled banks in the United States, dedicated to championing businesses, nurturing lasting relationships, and elevating different communities.
Founded in 1898, First Citizens BancShares now operates as the holding company for First-Citizens Bank & Trust Company, offering a broad range of retail and commercial banking services to individuals and businesses. The company's distinguishing factor is its unwavering commitment to personalized service, innovation and maintaining the strength and stability to adapt to changing economic conditions.
With a network of over 500 branches, spread across 19 states and Washington, D.C., First Citizens remains highly committed to its customers and staff. It continues to offer a variety of products and services to meet diverse customer needs, including traditional banking products, mortgages, wealth management, insurance, treasury services, and capital market services.
The bank's performance has, over time, been nothing short of extraordinary. Evidenced by a steady stream of growth and performance indicators, the bank reigns in the financial industry. As per its last annual report, First Citizens BancShares boasted nearly $58 billion in assets.
A significant aspect of First Citizens BancShares' success is its focus on the people it serves. The company aims to make the community stronger, and prides itself on its ability to listen to customers and tailor products and services to their needs. This blend of superior service and easy accessibility forms the fulcrum of the firm's culture and strategy for continued growth.
At the same time, the bank is committed to demonstrating the utmost integrity, respecting all people, performing beyond expectations, and striving to make a difference. This commitment extends to its workforce, as it provides a diverse and inclusive environment that promotes personal growth, celebrates achievements, and values each contribution.
Appreciating the impact of digital transformation in the banking industry, First Citizens BancShares has fully embraced technological advancements diagnostically to enhance banking experiences and create exceptional digital experiences for its customers.
In conclusion, First Citizens BancShares, Inc. (FCNCA) is a premier financial institution, renowned for its unique customer-centric approach, stability, and consistent performance. The company's legacy is built upon a heritage of honest business principles, community support, exceptional customer service, and consistently delivered shareholder value. Through diligent management and sound banking practices, it continues to enjoy a high degree of trust and confidence from its customers, employees, and communities served.
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Revman International has secured $87 million in expanded funding and banking solutions from First Citizens Bank. This financing includes an increased ABL revolver of $55 million and a new $32 million commercial real estate loan, which will be used to purchase a new distribution facility in Duncan, South Carolina. Revman International, a leading home furnishings company, is leveraging this capital to support its continued growth and expansion.
First Citizens Bank announced the purchase of two office buildings in San Diego, totaling 164,943 square feet. This acquisition supports the bank's growing presence in Southern California, particularly for its Commercial Bank associates and clients, including the rebranded First Citizens Innovation Banking and First Citizens Fund Banking divisions. The bank plans to occupy a portion of the space starting in 2029, reflecting a long-term commitment to the San Diego market.
First Citizens BancShares, Inc. announced it will release its second-quarter 2026 financial results before markets open on Thursday, July 23, 2026. The company will also host a live audio webcast at 9 a.m. Eastern time on the same day to discuss the results. Investor materials and webcast links will be available on ir.firstcitizens.com.