First Citizens Expands Middle Market Banking to Serve Northeastern U.S.

Core Viewpoint - First Citizens Bank is expanding its Middle Market Banking group in the Northeastern U.S. to provide comprehensive financial solutions to midsize businesses in the region [1][6]. Group Expansion - The Northeast expansion is supported by the recent hiring of key executives, including Nate Pusey, John Tyson, and Marc Einerman [2]. - This expansion follows previous geographic growth in the Midwest and South Central U.S., enhancing the bank's existing strengths in the Carolinas and surrounding areas [3]. Service Offerings - First Citizens Middle Market Banking specializes in providing financial guidance to companies with revenues ranging from $75 million to $1 billion, offering services such as senior secured loans, cash-flow loans, capital markets services, foreign exchange capabilities, asset-based lending, and treasury and payment services [4]. Growth Trajectory - Since its inception in 2022, First Citizens Middle Market Banking has experienced continuous growth and has developed a high-performing team of banking experts to serve clients across various industries nationwide [5]. Leadership Statement - Brendan Chambers, the leader of First Citizens Middle Market Banking, emphasized the bank's relationship-based approach and deep industry knowledge, stating that the team is prepared to offer tailored financing solutions to clients at all stages of their business journey [6].