Continue Reading TAMPA, Fla., Feb. 3, 2026 /PRNewswire/ -- First Citizens Bank today announced that Robert Horne has joined the company as Director of Middle Market Banking for Florida. Based in Tampa, Horne will lead efforts to grow First Citizens' middle market banking presence throughout the state. Media Contact Katie Ellis [email protected] SOURCE First Citizens Bank Robert Horne "With more than 10 years of experience in commercial banking and equipment finance in the state of Florida, Robert brings val ...

Group 1 - First Citizens Bank has appointed Snow Holding as Director and Market Leader of Middle Market Banking for the Northeast, focusing on business expansion in Boston and New York [1] - Holding has a six-year tenure at First Citizens, previously serving in Deposit and Treasury Services and as Manager of Business Banking in Boston [1] - The bank's middle market banking practice has been operational in the Northeast for two years, targeting clients with revenues above $75 million [2] Group 2 - First Citizens Bank aims to enhance its Business, Commercial, and Wealth presence in the Northeast region, with plans for further market expansion [2] - The bank offers a comprehensive suite of products and services designed for middle market clients, emphasizing a high-touch client-centric banking experience [2] - First Citizens BancShares, Inc. is a top 20 U.S. financial institution with over $200 billion in assets, providing a wide range of banking services nationwide [3]

Core Insights - First Citizens Bank has appointed Mike Spencer as Managing Director of Middle Market Banking in Atlanta to enhance its presence in Georgia and surrounding markets [1][2] - Spencer brings 30 years of industry experience and expertise in sectors such as manufacturing, wholesale, and distribution, which will contribute to the growth of First Citizens' middle market banking business [1] - The bank's middle market platform has been operational in Georgia since 2022, focusing on clients with revenues above $75 million [2] Company Overview - First Citizens Bank, headquartered in Raleigh, N.C., is a top 20 U.S. financial institution with over $200 billion in assets and is a member of the Fortune 500 [3] - The bank offers a comprehensive suite of banking services, including commercial banking, innovation banking, and wealth management [3] Recent Appointments - Erin McCaskill has been appointed as Director and Market Leader for First Citizens Wealth in Atlanta, indicating ongoing leadership expansion within the bank [2][6]

Commercial Banking Performance - KeyCorp's Middle Market business boasts approximately 4,600 customers, with 98% of deposits linked to an operating account[3] - The Middle Market business demonstrates an average Return on Equity (ROE) of approximately 17-20%[3] - Commercial Payments revenue has experienced a Compound Annual Growth Rate (CAGR) of roughly 10% over the past 5 years[3] - Commercial deposits have grown from approximately $36 billion in 2019 to around $58 billion in 2024[11] - Middle Market revenue increased from approximately $800 million in 2019 to over $1 billion in 2024, representing a growth of +24%[11] - Commercial Payments revenue increased from approximately $290 million in 2019 to around $360 million in 2024, representing a growth of +24%[11] Commercial Payments & Fintech - KeyCorp's Commercial Payments business handled approximately $58 billion in 2024[3] - The company has seen a 325% growth in API clients[9] - Embedded Banking clients have grown by 71%[9] - The embedded banking industry is projected to grow from $32 billion in 2024 to $62 billion in 2030[9]