Bank holding company providing banking and financial services through its subsidiary, First Citizens Bank.
First Citizens BancShares, Inc. stands as a formidable presence in the banking sector, serving a diverse clientele through its subsidiary, First-Citizens Bank & Trust Company. Established in 1898 and headquartered in Raleigh, North Carolina, the company offers a comprehensive range of retail and commercial banking services. These include a variety of deposit products such as checking, savings, money market, and time deposit accounts, catering to the financial needs of individuals, businesses, and professionals alike. On the lending side, First Citizens provides a robust portfolio encompassing commercial real estate, business loans, small business administration loans, and a spectrum of consumer loans, including mortgages and auto financing.
In addition to traditional banking services, First Citizens BancShares excels in offering treasury management solutions, cardholder and merchant services, and comprehensive wealth management options. Its array of investment products spans annuities, discount brokerage services, and mutual funds, complemented by investment management and advisory services. The company also distinguishes itself through specialized services such as private banking, trust administration, fiduciary services, and philanthropic management, aiming to meet the complex financial needs of its discerning clientele.
As the financial landscape continues to evolve with technological advancements, the exploration of cryptocurrencies and blockchain technologies has gained prominence globally. While First Citizens BancShares, Inc. has not introduced its own cryptocurrency at this juncture, its extensive branch network across 19 states and robust digital banking platforms position it strategically to adapt to future innovations in digital finance. With a steadfast commitment to customer service and a legacy of financial stability spanning over a century, First Citizens BancShares remains poised to leverage emerging opportunities in the dynamic realm of modern banking.