RALEIGH, N.C., June 17, 2024 /PRNewswire/ -- First Citizens Wealth, the wealth management division of First Citizens Bank (NASDAQ: FCNCA/FCNCB), today published the results of a new study conducted to uncover insights on the behaviors and attitudes of affluent Americans toward money management and planning for the future. Key findings include: 66% of affluent Americans believe they manage their money better than others; only 4% believe they do worse. Affluent Americans expect to need $5.5 million to retire ...

NEW YORK, June 13, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Energy Finance business served as coordinating lead arranger on $133 million of financing for the new Cranberry Point Energy Storage project planned for Carver, Massachusetts. Cranberry Point is a 150 MW / 300 MWh battery energy storage project developed by Plus Power with a targeted completion in the second quarter of 2025. Located on roughly 6 acres of land in Carver, Massachusetts, the project will interconnect near crit ...

NEW YORK, June 11, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Asset-Based Lending business will provide up to $400 million in combined financing to facilitate the investments of WhiteHawk Fund IV and WhiteHawk Evergreen Fund. "WhiteHawk Capital is well-known for its success in extending asset-based financing to select borrowers," said Chris Esposito, managing director and group head for First Citizens' Asset-Based Lending business. "We were pleased to again collaborate with the WhiteH ...

RALEIGH, N.C., June 4, 2024 /PRNewswire/ -- First Citizens BancShares Inc. (Nasdaq: FCNCA), parent company of First Citizens Bank, today was named for the first time to the Fortune 500™ list of the largest companies in the United States by revenue. First Citizens ranked #182 overall on the 2024 list, underscoring its status as one of the nation's premier banking and financial services institutions. In addition, the bank was listed at #24 on Fortune's 2024 list of fastestgrowing companies. "At First Citizens ...

Storm damage forced senior center to close, displacing clients who rely on critical services ST. PETERSBURG, Fla., June 4, 2024 /PRNewswire/ -- Duke Energy Florida, in collaboration with the Florida Council on Aging, today announced a $70,000 donation to the Jefferson Senior Citizens Center in Monticello, Fla. After severe storms blew through north Florida this spring, the facility sustained severe damage, displacing seniors who rely on its critical services. "During a heavy rain on April 10, water came fro ...

J. Michael Jones FCNCA reported 6.2% annualised loan growth and 10.4% annualised deposit growth, which significantly exceeds growth at most other regional banks. Loan growth was predominantly driven by the General and Commercial banking segments, but the SVB franchise also reported net loan growth for the first time since acquisition. On the liability side of things, deposit grew strongly in the General Bank due to growth in the branch network, which offset a decline in SVB deposits due to cash burn by inve ...

RALEIGH, N.C., May 29, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Middle Market Banking business provided $31.5 million in financing to national fashion retailer Jaclyn LLC for the purchase of a newly constructed industrial warehouse and distribution center in Southern California. The warehouse comprises more than 233,000 square feet and will serve as the new West Coast shipping and distribution center for Jaclyn and its affiliated companies of the Golden Touch Group, providers of mer ...

NEW YORK, May 28, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Commercial Real Estate business served as sole lender on a $74 million senior secured loan to Lonicera Partners on a 23-story, class A multifamily building in Downtown Brooklyn, New York. Located at 310 Livingston Street, the building features 160 luxury apartment units and over 8,600 square feet of ground floor retail and premier amenity space. "We're pleased to partner with First Citizens Commercial Real Estate on this fin ...

u or Life of HARLA HISTOR HBARL ungla Holly TCHEVAL The No. "D. BOL PROPER NBART "24","2" SCHOOL THE CASE f 1 NGCOL Hide # and and on and and and and sitox Citizens Community Bancorp, Inc. (NASDAQ:CZWI), incorporated in 2004 and headquartered in Eau Claire, Wisconsin, provides banking services to businesses, consumers, and agricultural operators in Wisconsin and Minnesota. While the current dividend yield may seem unattractive for many investors these days, a closer look reveals that this is a dividend grow ...

Capital Standards Under those guidelines, assets and off-balance sheet items are assigned to broad risk categories, each with appropriate weights. The resulting capital ratios represent capital as a percentage of total risk-weighted assets and off-balance sheet items. Under the current risk-based capital adequacy guidelines, we are required to maintain (1) a ratio of common equity Tier 1 capital ("CET1") to total risk-weighted assets of not less than 4.5%; (2) a minimum leverage capital ratio of 4%; (3) a m ...