About the company
First Citizens BancShares Inc is a prominent bank holding company based in Raleigh, North Carolina. It is the parent company of First Citizens Bank & Trust Company, which was originally established as the Bank of Smithfield in 1898. Over the years, FCB has experienced notable growth through a combination of de novo branching and strategic acquisitions, solidifying its position as a leading financial institution. While First Citizens Bank & Trust Company operates in nearly half of the continental United States, it primarily focuses on serving customers in the Carolinas. With a comprehensive branch network and a strong presence in the region, the bank has earned a reputation for its commitment to customer satisfaction and community involvement. One unique aspect of First Citizens BancShares Inc is its close association with the Holding family, which has played a vital role in shaping the bank's direction and success. The Holding family has not only held executive and director positions but has also maintained significant control over the company's outstanding stock. Their influence has contributed to the bank's longevity and steady growth throughout its history. First Citizens Bank offers a comprehensive range of retail and commercial banking services to meet the diverse financial needs of its customers. These services include traditional lending and deposit-taking, where the bank assists individuals, businesses, and corporations in funding their ventures and managing their day-to-day finances. Additionally, FCB provides trust and wealth management services, helping clients create and sustain long-term financial stability and growth. Net interest income stands as the primary source of revenue for First Citizens BancShares Inc, reflecting the interest earned on loans and investments minus interest paid on deposits and borrowings. Through its array of financial products and services, the bank strives to maintain a healthy net interest margin while effectively managing interest rate risk. To support its operations, First Citizens Bank employs a team of dedicated professionals who are committed to delivering exceptional customer service and fostering strong relationships within the communities they serve. The bank's extensive network of branches ensures accessibility for both personal and commercial banking needs, while its digital platforms provide modern convenience and seamless banking experiences. First Citizens BancShares Inc remains focused on driving sustainable growth and maintaining financial stability in an ever-changing banking landscape. By combining tradition with innovation, the bank continually adapts to meet the evolving needs of its customers while remaining rooted in its commitment to integrity and excellence. With its strong foundation and forward-thinking approach, First Citizens Bank is poised to navigate the future of banking with confidence and success.
Website: https://www.firstcitizens.com
Data updated: April 30, 2026
