Introduction and official website domain name for First Citizens Bancorp, a US financial institution

First Citizens Bancorp is a US financial institution founded in 1898 and headquartered in Raleigh, North Carolina. Its current chairman and CEO is Frank B. Holding Jr. The bank's primary businesses include retail banking, commercial banking, small and medium-sized enterprise services, and railroad equipment leasing. At the end of 2022, it ranked as the 30th largest commercial bank in the US, with $109 billion in assets.

In March 2023, the bank acquired Silicon Valley Bank's transition bank, which was under Federal Deposit Insurance Corporation (FDIC) administration, for a discounted price of $16.5 billion, acquiring approximately $72 billion in assets and $119 billion in deposits, integrating its 17 branches. In May of the same year, the bank laid off approximately 500 employees due to the integration and sued HSBC Holdings, alleging that the bank had poached employees and stolen trade secrets through its "Colonial Project" after the acquisition, seeking over $1 billion in damages. In January 2024, a US court rejected HSBC's request to dismiss the lawsuit and ordered the case to proceed. Since 2009, the bank has acquired over 20 failed banks and continues to expand through mergers and acquisitions.

First Citizens Bancshares, Inc. is a bank holding company based in Raleigh, North Carolina, United States. Its primary subsidiary is First Citizens Bank.

As of December 31, 2022, the company had $109 billion in assets and operated 550 branches in 22 states, with 73.5% of its deposits held in North Carolina and South Carolina. Following its acquisition of Silicon Valley Bank's commercial banking business in 2023, the company's assets nearly doubled to $219 billion, placing it among the top 20 banks in the United States.

Company Name: First Citizens Bancshares.

Official Domain Name: firstcitizens.com.

Domain Created: July 28, 1995.

Country: United States.

Headquarters: Raleigh, USA.

Founded: 1898.