Full-Time
Full-service bank offering loans and investments
$33.77 - $40.87/hr
Boston, MA, USA
Hybrid
Relocation to one of the employer's 30+ office locations is required after successful program completion.
Bachelor's, Certification
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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.
Company Size
10,001+
Company Stage
IPO
Headquarters
Raleigh, North Carolina
Founded
1898
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Hybrid Work Options
First Citizens BancShares has raised $300 million through a public offering of perpetual preferred stock. The bank issued 300,000 depositary shares at $1,000 each, with net proceeds of approximately $297 million after underwriting costs. The Series F preferred stock pays a fixed 7.5% annual dividend until September 2031, after which it converts to a floating rate tied to the five-year Treasury rate plus 2.894%. The stock is perpetual and non-cumulative, with no required redemption date. The offering adds $300 million in Tier 1 capital but creates a senior claim ahead of common shareholders on dividends and liquidation. If First Citizens misses a full quarterly dividend, it generally cannot pay dividends on or buy back common stock during the next period. The underwriting syndicate included Morgan Stanley, BofA Securities, J.P. Morgan Securities, and Wells Fargo Securities as lead bookrunners.
First Citizens Bank has provided $157 million in financing to Morningstar Properties, a leading investor and operator of self-storage facilities, marinas, and other specialty real estate assets. The funding will refinance Blue Doors Storage Fund IV, which invests in self-storage properties across major US metropolitan and strategic secondary markets. The facility is part of a multi-year relationship between First Citizens and Morningstar Properties. Wesley Carter, CFO of Morningstar Properties, said First Citizens' Middle Market Banking team has been a trusted partner supporting the growth of their Blue Doors platform. First Citizens Bank is a top 20 US financial institution with more than $225 billion in assets. Morningstar Properties, founded in 1981, has developed, acquired, and operated over 250 self-storage projects totalling more than 15 million square feet.
First Citizens Bank completes conversion of former BMO branches. September 8, 2026 First Citizens Bank has now converted the 138 branches that it acquired from BMO Bank N.A. on September 4, expanding its presence across the Midwest, Great Plains and West. Raleigh, North Carolina-based First Citizens Bank assumed approximately $5 billion in deposits and $650 million in loans as part of the branch acquisition. With the acquisition, First Citizens went from three branches in the Omaha-Lincoln area to 20. More news briefs. Sep 7, 2026 The Omaha Planning Board has approved a Tax Increment Financing package for the recently announced apartment project at the former Lutheran Family Services property at 24th & Dodge Street. Approximately $3.6 million in TIF would be awarded to help finance the $39 million project. The developer, GreenSlate Development, plans to build a 5-story, 186-unit apartment building with 87 covered parking stalls in the lower level garage. The units include a variety of rents ranging from low-income restricted to workforce housing and market rate. - Isaiah Ang Sep 6, 2026 The former Younkers store at Oak View Mall may be getting a new lease on life. The City of Omaha is reviewing a major amendment to the development agreement for the mall to permit indoor recreation use. After Younkers closed, The Rush Market occupied the building until 2025. The proposed user is NRG Adventure Park. It would be located on the second floor and feature trampolines, soft play areas, climbing walls and virtual reality games. There appears to be two other NRG Adventure Parks, one in Fargo, N.D., and the other in Springfield, N.J. Sep 6, 2026 Bloom Works Floral will host its annual Good Neighbor Day Wednesday, September 9, starting at 8:00am. The store is located at 142 West Broadway in Council Bluffs. Attendees will receive a dozen roses with the simple goal of keeping one and gifting the other 11 to neighbors, coworkers or friends who deserve a kind gesture. Bloom Works plans to give away 15,000 roses this year. - Nicole Miller Sep 5, 2026 Curry in a Hurry, a quick-serve Indian restaurant, has soft-opened a southwest Omaha location at 16919 Audrey Street just west of Williamsburg Pizza. The restaurant considers it a "trial run" with a limited menu and drive-thru-only service. Curry in a Hurry's existing restaurant is at 2527 North 72nd Street. The restaurant also operates a popular food truck based at 2221 Main Street in Bellevue. Sep 5, 2026 The first residential building may soon go vertical at The Crossroads redevelopment site. According to a building permit, a 6-story apartment building is planned for 7402 Chicago Street, which would be just south of Cass Street. The building permit further indicates that the first floor will have four retail spaces, in addition to amenity space for apartment tenants. The building will total 222,981 sq. ft. and have 193 apartment units. - Isaiah Ang Sponsored by ACCESSbank: Founded in Omaha, ACCESSbank serves individuals, families, and businesses who value trusted relationships alongside strong financial results. Its approach is built on local decision making, responsive service, and direct access to experienced professionals who take the time to understand each client's goals. From personal and mortgage banking to business banking, Grow Omaha provide clear guidance and the ability to move quickly when it matters most. Whether someone is buying a home, managing personal finances, or growing a business, its team focuses on making banking efficient, straightforward, and personal. Rooted in Omaha, ACCESSbank is committed to supporting the communities Grow Omaha serve through active involvement, volunteer efforts, and long standing local partnerships. This focus on people and place is central to how Grow Omaha operate and why clients continue to view ACCESSbank as a trusted financial partner.
BMO Financial Group has completed the sale of 138 branch locations to First-Citizens Bank & Trust Company. The branches are located across North Dakota, South Dakota, Wyoming, Nebraska, Kansas, Missouri, Oklahoma, Idaho, and selected locations in Minnesota, Oregon and Illinois. Under the agreement, First-Citizens Bank acquired approximately $5.7bn in deposit liabilities and $1.1bn in loans. The deal, first announced in October last year, forms part of BMO's strategy to reallocate capital towards markets with stronger client engagement and growth prospects. BMO plans to expand its presence in Western US markets, adding over 130 new sites in California and about 15 in Arizona. This would increase its California footprint by more than 50%.
Cape Fear Habitat receives $35,000 grant from First Citizens Bank. 4 hours ago WILMINGTON, NC (WWAY) - Cape Fear Habitat for Humanity has received a $35,000 grant from First Citizens Bank to support the nonprofit's homeownership and critical home repair programs. The grant is the second Cape Fear Habitat has received from First Citizens and will provide general operating support for the organization's programs. Cape Fear Habitat's Homeownership program provides affordable homeownership opportunities for low- to moderate-income families. The Critical Home Repair program helps these homeowners address necessary repairs. "First Citizens Bank has been a great partner to Cape Fear Habitat, and we're excited to be working with them again," said Rich Duncan, director of development for Cape Fear Habitat. "Their generosity in granting our organization operational support means we can attribute funds where they are most needed, allowing us to best serve our homeowners." Reginald Exum, community development officer at First Citizens, said the bank supports efforts aimed at helping people maintain long-term housing stability. "We're honored to support Cape Fear Habitat in helping individuals and families achieve and maintain homeownership," Exum said. Cape Fear Habitat said the grant will help support the ongoing operations of its homeownership and repair programs.