First Citizens Bancshares
First Citizens Bancshares, Inc.
Its primary subsidiary is First Citizens Bank, which operates over 500 branches in 23 states and is one of the largest banks in the United States.
Wiki English.svg) | |
Wiki English First Citizens Bank branch in Beaufort, North Carolina | |
| Company type | Public |
|---|---|
| |
| Industry | Banking |
| Founded | 1898 |
| Headquarters | Raleigh, North Carolina, U.S. |
Area served | United States |
Key people | Frank B. Holding Jr. (CEO & chairperson) |
| Products | |
| Revenue |  US$5.55 billion (2022) |
| US$1.05 billion (2022) | |
| Total assets | US$209 billion (Q2 2023) |
| Total equity | US$19.771 billion (Q2 2023) |
| Owner | Holding family |
Number of employees | 10,375 (2022) |
| Parent | First Citizens BancShares Inc. (Delaware) |
| Divisions | Silicon Valley Bank |
| Subsidiaries | SVB Global Services India LLP |
| Website | firstcitizens |
| Footnotes / references | |
For three generations, the bank has been led by the family of Robert Powell Holding, who joined the bank in 1918 and served as president from 1935 to 1957.
History
The bank opened on March 1, 1898 as Bank of Smithfield. It evolved into First National Bank of Smithfield, and merged with Citizens National Bank to become First and Citizens National Bank. In 1929, it changed its name to First Citizens Bank and Trust Company. In 1986, it reorganized as a holding company, First Citizens BancShares, Inc.
Acquisitions
| Year | Company | Notes |
|---|---|---|
| 1971 | The Haynes Bank of Cliffside, North Carolina | |
| 1974 | The Bank of Coleridge in Ramseur, North Carolina and The Bank of Commerce in Charlotte, North Carolina | |
| 1979 | Bank of Conway in Conway, North Carolina | |
| 1981 | Commercial & Farmers Bank of Rural Hall, North Carolina and Commercial & Savings Bank of Boonville, North Carolina | |
| 1983 | Peoples Bank of North Carolina in Madison, North Carolina | |
| 1985 | First State Bank of Winterville, North Carolina, Farmers Bank of Pilot Mountain, North Carolina, and Farmers Bank of Sunbury in Sunbury, North Carolina | |
| 1990 | Heritage Federal Savings and Loan Association of Monroe, North Carolina and North Carolina Savings and Loan Association of Charlotte, North Carolina | |
| 1991 | Mutual Savings and Loan Association of Charlotte, North Carolina and First Federal Savings Bank of Hendersonville, North Carolina | |
| 1993 | Caldwell Savings Bank of Lenoir, North Carolina, Surety Federal Savings and Loan Association, FA of Morganton, North Carolina, and Pioneer Savings Bank of Rocky Mount, North Carolina | |
| 1994 | The Bank of Bladenboro in Bladenboro, North Carolina, Edgecomb Homestead Savings Bank of Tarboro, North Carolina, and First Republic Savings Bank of Roanoke Rapids, North Carolina | |
| 1995 | First Investors Savings Bank of Whiteville, North Carolina and State Bank of Fayetteville, North Carolina | |
| 1996 | First-Citizens Bank & Trust Company of Lawrenceville, Virginia, Peoples Savings Bank of Wilmington, North Carolina, and Summit Savings Bank of Sanford, North Carolina | |
| 1997 | First Savings Bank of Rockingham County in Reidsville, North Carolina | |
| 1998 | First Citizens Bank & Trust Company of White Sulphur Springs, West Virginia | |
| 2003 | Avery County Bank of Newland, North Carolina | |
| 2009 | U.S. Bancorp acquired the bond trustee business of First Citizens Bank | |
| 2009 | Temecula Valley Bank of Temecula, California | |
| 2009 | Venture Bank of Lacey, Washington | |
| 2010 | Sun American Bank of Boca Raton, Florida | |
| 2010 | First Regional Bank of Los Angeles, California | |
| 2011 | United Western Bank of Denver, Colorado | |
| 2011 | Colorado Capital Bank of Castle Rock, Colorado | |
| 2011 | In-house merger with IronStone Bank | |
| 2013 | 1st Financial Corp. of Hendersonville, North Carolina | |
| 2014 | First Citizens Bank of South Carolina | |
| 2015 | Capitol City Bank and Trust Company of Atlanta, Georgia | |
| 2016 | North Milwaukee State Bank of Milwaukee | |
| 2016 | Cordia Bancorp Inc. of Midlothian, Virginia | |
| 2016 | First CornerStone Bank of King of Prussia, Pennsylvania | |
| 2017 | Harvest Community Bank of Pennsville, New Jersey | |
| 2017 | Guaranty Bank of Milwaukee, Wisconsin | |
| 2018 | Palmetto Heritage Bancshares Inc. of Pawleys Island, South Carolina | |
| 2019 | Biscayne Bank of Coconut Grove | |
| 2019 | First South Bancorp, Inc. of Spartanburg, South Carolina | |
| 2020 | Entegra Financial Corp. | |
| 2020 | Community Financial Holding Company, Inc. and Gwinnett Community Bank | |
| 2022 | CIT Group | |
| 2023 | Silicon Valley Bank's deposits and loans following its collapse |
References
External links
This article uses material from the Wikipedia English article First Citizens BancShares, which is released under the Creative Commons Attribution-ShareAlike 3.0 license ("CC BY-SA 3.0"); additional terms may apply (view authors). Content is available under CC BY-SA 4.0 unless otherwise noted. Images, videos and audio are available under their respective licenses.
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