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Industries
Fintech
Financial Services
Company Size
N/A
Company Stage
IPO
Total Funding
N/A
Headquarters
Raleigh, North Carolina
Founded
1898
First Citizens BancShares provides a variety of financial services, including banking, credit cards, mortgages, and investment options for personal and business customers. Their products include checking and savings accounts, loans for major purchases, and retirement planning services. Unlike many competitors, First Citizens focuses on building personal relationships and offering tailored financial solutions to meet individual needs. The company's goal is to help customers manage their finances effectively and achieve long-term financial security.
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First Citizens Bank and global investment firm Sixth Street have launched a new platform designed to provide flexible capital equipment financing solutions to middle market companies. Dubbed Sixty-First Commercial Finance, the platform is a joint venture between Sixth Street’s Asset Based Finance platform and First Citizens Bank, the companies said in a Wednesday (Feb. 5) press release. It will be managed by First Citizens Institutional Asset Management, according to the release. Bank of America is structuring and arranging a bilateral $300 million warehouse finance facility to fund the joint venture
RALEIGH, N.C., Jan. 24, 2025 /PRNewswire/ -- The Board of Directors of First Citizens BancShares, Inc. (Nasdaq: FCNCA) has declared the following dividends on the company's common and preferred stock, in each case to be paid on March 17, 2025, to holders of record as of Feb. 28, 2025:A quarterly common stock dividend of $1.95 per share on the company's Class A and Class B common stock.per share on the company's Class A and Class B common stock. A regular quarterly dividend of $13.4375 per share on the company's 5.375% non-cumulative perpetual preferred stock, Series A, resulting in a distribution of $0.335938 per depositary share.per share on the company's 5.375% non-cumulative perpetual preferred stock, Series A, resulting in a distribution of per depositary share. A dividend of $21.719122 per share on the company's fixed-to-floating rate, non-cumulative perpetual preferred stock, Series B.per share on the company's fixed-to-floating rate, non-cumulative perpetual preferred stock, Series B
RALEIGH, N.C., Jan. 24, 2025 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (Nasdaq: FCNCA) reported earnings for the fourth quarter of 2024.Chairman and CEO Frank B. Holding, Jr. said: "We delivered another quarter of strong financial results and experienced loan and deposit growth across all of our segments. Credit remained stable and our solid capital and liquidity positions allowed us to repurchase 461,583 shares of our Class A common stock for $963 million during the fourth quarter."In the wake of the recent wildfires and Hurricanes Helene and Milton, our thoughts continue to be with our associates, clients and communities across the West Coast and Southeast affected by these devastating natural disasters
RALEIGH, N.C., Jan. 23, 2025 /PRNewswire/ -- First Citizens Bank announced today that it has committed $2 million in donations and financial support to aid in critical humanitarian and small business relief efforts for those impacted by the Southern California wildfires.This commitment is intended to bolster the mobilization of resources to impacted areas through a variety of organizations and support the longer-term revitalization and stabilization of the region. In addition, a portion will directly benefit the immediate and ongoing needs of First Citizens associates who have been impacted by the wildfire devastation."Southern California is home to more than 1,000 of our associates, and we have 30 branches and offices in the region serving clients across our company," said Frank B. Holding, Jr., chairman and CEO at First Citizens Bank. "The impact of the wildfires has been devastating for many of our customers, colleagues and community members, and we assure them that they have our support now and in the days, months and years to come."Bank associates continue to work with customers to understand their needs and develop flexible solutions to support their recovery.For more information on First Citizens' commitment to supporting communities affected by the wildfires, visit Southern California Wildfires Relief on firstcitizens.com.About First Citizens BankFirst Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in Raleigh, N.C., First Citizens has built a unique legacy of strength, stability and long-term thinking that has spanned generations
NineDot Energy®, the leading developer of community-scale battery energy storage systems (BESS) in the New York City metro area, today announced the c
Money movement platform Thunes says it has added PayPal’s Hyperwallet to its Direct Global Network. With this movement, Hyperwallet customers can send money in real time to more than 450 million mobile wallets and bank accounts across Bangladesh, Indonesia, Malaysia, Philippines, South Korea, and Vietnam, Thunes announced Tuesday (Jan. 14). “With this new alliance, Hyperwallet can help its expansive global merchant base, including some of the world’s best-known ride-hailing super apps, marketplaces and social media platforms, offer customers their preferred method of access to funds,” the company said in a news release
SAN FRANCISCO, Jan. 8, 2025 /PRNewswire/ -- Linea Energy ("Linea"), a renewables-focused developer and independent power producer that is sponsored by EnCap Investments L.P. ("EnCap"), is pleased to announce closing of project debt financing for its Pineview Solar project ("Pineview") this past December. Pineview is a 109MWdc utility-scale solar energy facility located in Wilcox County, Georgia.The Pineview debt financing comprises a construction-to-term loan, a tax equity bridge loan, and a letter of credit facility. The financing is provided by a syndicate of lenders led by First Citizens Bank ("First Citizens") and Norddeutsche Landesbank Girozentrale ("NORD/LB")."We are proud to announce the debt financing of Pineview," said Cassidy DeLine, Chief Executive Officer of Linea Energy. "The financing is a critical step in the advancement of the Pineview project
RALEIGH, N.C., Jan. 2, 2025 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (NASDAQ: FCNCA) today announced that it will report its financial results for the quarter ended December 31, 2024, before the U.S. financial markets open on Friday, January 24, 2025. A conference call and webcast will be held to discuss BancShares' financial results at 9 a.m. Eastern time on the same day
Instant payments continue their global sweep, with expanding RTP® network capabilities from The Clearing House in the United States, Australia simplifying cross-border transfers and Hungary embracing QR codes for everyday transactions. The PYMNTS Intelligence report “The Real-Time Payments World Map” examined the technologies and partnerships accelerating the adoption of real-time payments across industries and borders. The Growth of Real-Time Payments in the US
The Federal Deposit Insurance Corporation (FDIC) board of directors reportedly votedunanimously to authorize potential legal action against six former officers and 11 former directors of Silicon Valley Bank (SVB). This authorization was approved by both Democrats and Republicans on the board, Reuters reported Tuesday (Dec. 17). In past legal actions taken against executives at failed banks, the FDIC recovered $4.48 billion between 2008 and 2023, according to the report
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Industries
Fintech
Financial Services
Company Size
N/A
Company Stage
IPO
Total Funding
N/A
Headquarters
Raleigh, North Carolina
Founded
1898
Find jobs on Simplify and start your career today