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First Citizens BancShares operates First Citizens Bank, offering a full range of financial services for individuals and businesses. Its products include checking and savings accounts, credit cards, mortgages and auto loans, personal loans, online and mobile banking, wealth management and investment services, insurance, and small business banking. The core product set is accessed via online and mobile platforms, branch networks, and ATM access, with features like online statements, bill pay, direct deposit, and rewards programs. The bank positions itself through a broad suite of banking and financial services tailored to different customer segments such as personal, business, and wealth customers, emphasizing integrated banking experience and customer support. Overall, the goal is to help customers manage money, borrow for major needs (homes, vehicles, education), invest for future goals, and protect their financial security through a range of financial products and advisory services.
Industries
Financial Services
Company Size
10,001+
Company Stage
IPO
Headquarters
Raleigh, North Carolina
Founded
1898
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Total Funding
$1.1B
Above
Industry Average
Funded Over
3 Rounds
Hybrid Work Options
Revman International, a New York-based home furnishing company, has secured $87 million in financing from First Citizens Bank. The package includes a $55 million asset-based lending revolver and a $32 million commercial real estate loan. Founded in 1988, Revman specialises in designing, sourcing and distributing premium bed and bath products. The company distributes comforters, sheets, quilts, towels and decorative accessories through major retail stores and online channels across North America and internationally. Revman will use the financing to purchase a new distribution facility in Duncan, South Carolina. The company maintains licensing arrangements with designer brands including Nautica, Vera Wang, Tommy Bahama and Laura Ashley. The financing was led by CIT Commercial Services, which will rebrand as Working Capital Finance under First Citizens Bank in Q4.
Partner and Senior Wealth Advisor, Casey Paton, CFA(R), CFP(R), joins Beacon Pointe Advisors. August 7, 2026 BOSTON, Mass., Monday, August 10, 2026 - Casey Paton, CFA(R), CFP(R), has joined Beacon Pointe Advisors as a Partner and Senior Wealth Advisor, adding to the firm's experienced team serving clients throughout New England. Formerly a Wealth Consultant at First Citizens Bank, Casey brings more than 20 years of experience in institutional investing and private wealth management. He specializes in personalized financial planning, portfolio management, and comprehensive wealth management strategies, further enhancing Beacon Pointe's allWEALTH(R) offering in the Boston area. Prior to joining Beacon Pointe, Casey held advisory and investment roles at several leading financial institutions, including State Street Global Advisors, Credit Suisse, Merrill Lynch, Silicon Valley Private Bank, and First Citizens Wealth. Throughout his career, he has developed broad experience across portfolio construction, public and private markets, wealth planning, and investment management. Casey earned a bachelor's degree in finance from Villanova University and a master's degree in finance from Boston College. He holds both the Chartered Financial Analyst(R) and CERTIFIED FINANCIAL PLANNER(R) certifications. In addition to his professional accomplishments, Casey is actively involved in the nonprofit community, having served on the boards of several charitable organizations. Most recently, he served on the board of Ukulele Kids Club, a nonprofit dedicated to providing musical instruments to children receiving care at hospitals across the country. Casey Paton, CFA(R), CFP(R), shares, "Joining Beacon Pointe was an easy decision because of the firm's collaborative culture and unwavering commitment to putting clients first. Throughout my career, I've believed that the best outcomes come from building trusted relationships and delivering advice tailored to each client's unique goals. I look forward to joining a team that shares those values and further building meaningful relationships with clients throughout the Boston area." "Casey's depth of experience across both institutional investing and private wealth management makes him an exceptional addition to our team," says Beacon Pointe Partner and Managing Director, Leigh Bivings, PhD, CDFA(R), CFP(R). "We're excited to welcome Casey as we continue expanding our allWEALTH(R) capabilities and serving the evolving needs of individuals and families across New England." Financial terms of the deal were not disclosed. Casey Paton and members of the Beacon Pointe Boston team are available for interviews upon request. About Beacon Pointe Advisors: Beacon Pointe Advisors is one of the nation's largest registered investment advisers (RIAs), with offices and clients across the country. Clients have long relied on Beacon Pointe's professional advisors to help determine investment goals, establish asset allocation guidelines, screen investment managers, evaluate fund performance, and develop strategic, holistic wealth plans through its proprietary allWEALTH(R) approach. For more information on Beacon Pointe Advisors, please visit www.BeaconPointe.com. Media Contact: Sydney Alacano (949) 721-1792 [email protected]
First Citizens Bank has appointed Stacie Bales Barton and Sharon Thompson as Regional Executive Vice Presidents to support its expansion across the central US. Both report to Ron Sanchez, Regional Executive Vice President. Barton will oversee the newly formed Community West Region, covering Kansas, Oklahoma, Nebraska, Wyoming, Minnesota, Idaho, and North and South Dakota. She brings over 25 years of experience and previously served as Senior Vice President and Market President at BMO. Thompson will lead the Northeast Regional territory, including St Louis, Tennessee, Wisconsin, and Northern Virginia. She has more than 20 years of experience and most recently served as Chief Commercial Banking Officer at United Community Bank. The appointments follow First Citizens' agreement to acquire 138 branches across the central US.
First Citizens BancShares reported second-quarter results that beat Wall Street expectations, with revenue of $2.24 billion versus analyst estimates of $2.16 billion. Adjusted earnings per share came in at $57.09, beating estimates of $40.16. CEO James Reuter credited disciplined capital deployment, lower deposit costs, and exiting non-relationship loans for the performance. The company also completed a significant branch divestiture and implemented targeted expense controls. During the earnings call, analysts focused on the timeline for asset stabilisation and loan growth prospects. CFO David Della Camera said earning assets are expected to stabilise and improve in the second half of the year. He cited asset repricing opportunities and increased relationship lending as sources of future net interest income growth.
Extreme Networks has entered into a new credit facility agreement with a syndicate of major banks, including JPMorgan Chase Bank, Bank of America, Silicon Valley Bank, TD Securities, BMO Bank, Wells Fargo Securities, and PNC Capital Markets. The agreement, signed on 29 July 2026, replaces previous facilities and includes multiple types of credit such as term loans, revolving credit, swingline loans, and letters of credit. It features financial covenants tied to leverage ratios and quarterly performance metrics. The credit facility's pricing structure is linked to Extreme Networks' Consolidated Total Net Leverage Ratio, which will be calculated quarterly and may affect the company's cost of capital. The agreement also includes detailed provisions regarding collateral, guarantees, and permitted use of proceeds. The arrangement provides the networking equipment company with enhanced financial flexibility for growth initiatives and acquisitions.
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Industries
Financial Services
Company Size
10,001+
Company Stage
IPO
Headquarters
Raleigh, North Carolina
Founded
1898
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