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First Citizens BancShares, Inc. Announces Chief Risk Officer Transition, Names Successor
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RALEIGH, N.C., Jan. 14, 2026 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (NASDAQ: FCNCA) today announced that Lorie K. Rupp intends to retire as Executive Vice President and Chief Risk Officer, following an exemplary 13-year career at the bank and more than 30 years in the financial services industry. BancShares plans for Tom Ek...
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08.01.2026
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AI Investment Accounted for Nearly Half of Healthcare Investment in 2025; Silicon Valley Bank Releases 17th Healthcare Investments and Exits Report
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AI investment in healthcare exceeded $18B in 2025; Investments grew in healthtech and device sectors SAN FRANCISCO, Jan. 8, 2026 /PRNewswire/ -- Artificial Intelligence (AI) dominated the healthcare investment landscape in 2025 as investments in AI healthcare companies represented 46% of total spending, according to the latest report from Silicon...
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30.12.2025
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First Citizens BancShares, Inc. Announces Date of Fourth Quarter 2025 Earnings Call
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RALEIGH, N.C., Dec. 30, 2025 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (NASDAQ: FCNCA) today announced that it will report its financial results for the quarter ended December 31, 2025, before the U.S. financial markets open on Friday, January 23, 2026....
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20.10.2025
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17.12.2025
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Pivot Energy Secures Over $225 Million from Three Existing Lenders to Advance Community Solar Projects
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DENVER, Dec. 17, 2025 /PRNewswire/ -- Pivot Energy ("Pivot"), a leading national renewable energy provider and independent power producer, today announced three important financing agreements totaling $225 million, showcasing the company's continued momentum and commitment to scaling renewable energy production and distributed generation solar.
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04.12.2025
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Spending and Saving Better in the New Year: Americans will spend an average of $4,700 to achieve their New Year's Resolutions
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RALEIGH, N.C., Dec. 4, 2025 /PRNewswire/ -- Self-improvement is a priority for many Americans as 2026 approaches — and they're willing to invest in it. 42% of Americans plan to set New Year's resolutions in 2026, and they expect to spend an average of $4,700 to achieve their goals, according to data from CIT Bank's 2026 New Year's Resolution Savin...
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20.11.2025
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First Citizens Names Snow Holding Middle Market Banking Leader for Northeastern United States
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RALEIGH, N.C., Nov. 20, 2025 /PRNewswire/ -- First Citizens Bank today announced that Snow Holding has been named Director and Market Leader of Middle Market Banking for the Northeast, where he will lead relationship managers and business expansion efforts in both the Boston and New York offices, as well as the b...
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20.11.2025
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Lumafield Secures $50 Million Growth Capital Facility from Silicon Valley Bank
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SAN FRANCISCO, Nov. 20, 2025 /PRNewswire/ -- Silicon Valley Bank (SVB), a division of First Citizens Bank, today announced it has provided a $50 million growth capital facility to Lumafield, a pioneer in advanced manufacturing technology that delivers AI-powered manufacturing intelligence to help companies improv...
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19.11.2025
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First Citizens Bank Purchases Office Building in San Francisco
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RALEIGH, N.C., Nov. 19, 2025 /PRNewswire/ -- First-Citizens Bank & Trust Company ("First Citizens Bank"), the wholly owned banking subsidiary of First Citizens BancShares, Inc. ("BancShares") (Nasdaq: FCNCA), today announced the purchase of a downtown San Francisco building in support of the company's large a...
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18.11.2025
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Silicon Valley Bank Appoints Megan Scheffel Head of Life Science and Healthcare Banking
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Company veteran to lead national Life Science and Healthcare Banking Group;
Bill Burkoth tapped to lead East Region
SAN FRANCISCO, Nov. 18, 2025 /PRNewswire/ -- Silicon Valley Bank (SVB), a division of First Citizens Bank, today announced that...
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13.11.2025
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Peregrine Energy Solutions Secures Funding to support a $317 Million Battery Energy Storage Project Currently Under Construction
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BOULDER, Colo., Nov. 13, 2025 /PRNewswire/ -- Peregrine Energy Solutions (Peregrine), an integrated multi-technology clean energy platform with a focus on utility-scale battery storage, announced today it has closed a preferred equity commitment with Bildmore Clean Energy for a battery energy storage project that...
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12.11.2025
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First Citizens Wealth Expands California Bay Area Team, Appoints Lee Erby Region Head
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RALEIGH, N.C., Nov. 12, 2025 /PRNewswire/ -- First Citizens Wealth, a division of First Citizens Bank serving individuals and institutions, today announced the appointment of Lee Erby as Northern California Market Leader. Based in San Francisco, he reports to Art Saldivar, Senior Director of Regional Wealth for C...
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10.11.2025
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First Citizens Bank Provides $38 Million to Stockdale Capital Partners
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Financing will be used to purchase new medical outpatient facility
NEW YORK, Nov. 10, 2025 /PRNewswire/ -- First Citizens Bank announced today its Healthcare Finance business provided Stockdale Capital Partners with $38 million in first-mortgage debt to finance...
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06.11.2025
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First Citizens Wealth Finds Business Owners Resilient Amid Change, with Experienced Owners Taking More Risks
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Second annual survey is based on a study including 500 business owners
RALEIGH, N.C., Nov. 6, 2025 /PRNewswire/ -- First Citizens Wealth, the wealth management division of First Citizens Bank, today published its "Beyond Wealth" study of business owners and weal...
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05.11.2025
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First Citizens Names Mike Spencer Middle Market Banking Leader in Georgia
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30-year industry veteran to support Middle Market banking clients throughout Georgia
RALEIGH, N.C., Nov. 5, 2025 /PRNewswire/ -- First Citizens Bank today announced that Mike Spencer has joined the company as Managing Dir...
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03.11.2025
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Dynapac North America and First Citizens Bank Launch New Vendor Finance Agreement
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NEW YORK, Nov. 3, 2025 /PRNewswire/ -- Dynapac North America LLC and First Citizens Bank Equipment Finance today announced a new vendor finance agreement that will provide Dynapac customers with leasing and lending solutions to secure new road construction equipment....
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29.10.2025
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First Citizens Names Erin McCaskill as New Wealth Leader in Atlanta
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RALEIGH, N.C., Oct. 29, 2025 /PRNewswire/ -- First Citizens Wealth today announced the appointment of Erin McCaskill as Director and Atlanta Market Leader. Based in Atlanta, she reports to Ethan Van Eck, Senior Director of Regional Wealth, and will lead a First Citizens team of wealth consultants....
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28.10.2025
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First Citizens Bank Provides $338 Million to Autumn Lake Healthcare
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NEW YORK, Oct. 28, 2025 /PRNewswire/ -- First Citizens Bank today announced that its Healthcare Finance business provided $338 million in financing to affiliates of Autumn Lake Healthcare for the acquisition of a real estate portfolio totaling 12 Maryland skilled nursing facilities including over 1500 beds....
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27.10.2025
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First Citizens Bank Announces Boston Market Expansion, Real Estate Purchase
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RALEIGH, N.C., Oct. 27, 2025 /PRNewswire/ -- First-Citizens Bank & Trust Company ("First Citizens Bank"), the wholly owned banking subsidiary of First Citizens BancShares, Inc. ("BancShares") (Nasdaq: FCNCA), today announced plans to develop a new Boston area location for its consumer, Wealth and business ban...
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23.10.2025
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First Citizens BancShares Reports Third Quarter 2025 Earnings
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RALEIGH, N.C., Oct. 23, 2025 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (Nasdaq: FCNCA) reported earnings for the third quarter of 2025.
Chai...
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23.10.2025
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First Citizens BancShares Declares Dividends
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RALEIGH, N.C., Oct. 23, 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 December 15, 2025, to holders of record as of November 28, 2025:...
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21.10.2025
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Fintech Investment Remains Stable Offering Opportunities for Growth Outside of AI; Silicon Valley Bank Releases Annual Fintech Report
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Increasing adoption of stablecoin generates positive outlook for the fintech sector
SAN FRANCISCO, Oct. 21, 2025 /PRNewswire/ -- Despite promising use cases for AI, fintech founders are operating in one of the least saturated spaces for AI adoption, according to...
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16.10.2025
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Record Investment in Provider Operations Boosts Healthtech Sector; Silicon Valley Bank Releases 2025 Healthtech Report
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AI-enabled provider operations amassed 73% of Healthtech mega-deals in 2025
SAN FRANCISCO, Oct. 16, 2025 /PRNewswire/ -- With increased adoption of AI-enabled solutions, provider operations is attracting more venture capital (VC) investment than any other Health...
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02.10.2025
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Gen Z Love Halloween: 93% Will Celebrate and Spend $622 on Average
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Survey shows how Americans of all ages plan to celebrate the holiday
RALEIGH, N.C., Oct. 2, 2025 /PRNewswire/ -- Nearly four-in-five U.S. adults (79%) plan to celebrate Halloween in 2025, and they aren't afraid of laying out some cash for the spooky fun. Those who plan to celebrate anticipate spen...
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01.10.2025
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First Citizens BancShares, Inc. Announces Date of Third Quarter 2025 Earnings Call
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RALEIGH, N.C., Oct. 1, 2025 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (NASDAQ: FCNCA) today announced that it will report its financial results for the quarter ended September 30, 2025, before the U.S. financial markets open on Thursday, October 23, 2025....
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30.09.2025
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First Citizens Appoints New Leadership in South Carolina and Georgia
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RALEIGH, N.C., Sept. 30, 2025 /PRNewswire/ -- First Citizens Bank has named two new Area Executives in South Carolina and Georgia. Justin Rice will oversee the South Carolina Lowcountry region, as well as Savannah, Ga., and JP Connell will be responsible for the Charleston, South Carolina region and surrounding a...
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30.09.2025
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First Citizens Bank Announces New Leadership in Equipment Finance Group
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RALEIGH, N.C., Sept. 29, 2025 /PRNewswire/ -- First Citizens Bank today announced that Rod Versteegh, previously Global Business Unit President at DLL, has joined First Citizens as its new Equipment Finance Executive....
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16.09.2025
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Betterment at Work and First Citizens Wealth Launch 401(k) Solution for Business Clients
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New digital offering provides First Citizens small and mid-size business clients with access to workplace retirement plans
NEW YORK, Sept. 16, 2025 /PRNewswire/ -- Betterment at Work, a leading provider of modern, scalable 401(k) plans for growing businesses, today announced a partnership with First Citizens Wealth. The partnership will combine t...
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04.09.2025
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Distalmotion and First Citizens Bank Join Forces to Launch New Financing Program for the Robotic Surgery Pioneer's U.S. Customers
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JACKSONVILLE, Fla., Sept. 4, 2025 /PRNewswire/ -- Distalmotion and First Citizens Bank's Healthcare Equipment Finance group today announced a new financing program designed to provide hospitals, ambulatory surgical centers and other healthcare providers with lending and leasing solutions for Distalmotion's advanced robotic surgery technology....
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29.07.2025
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AI Deal Activity Remains Strong in Healthcare Amid Decline in Fundraising; Silicon Valley Bank Releases 16th Edition of Healthcare Investments and Exits Report
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AI and back-office software driving growth; China biopharma licensing on track for record year
SAN FRANCISCO, July 29, 2025 /PRNewswire/ -- Despite a decline in overall fundraising, which is on track for the lowest amount closed in more than a decade, AI-related deal activity remains a bright spot for the healthcare sector, according to the lates...
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25.07.2025
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First Citizens BancShares Reports Second Quarter 2025 Earnings, Announces Additional Share Repurchase Plan
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RALEIGH, N.C., July 25, 2025 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (Nasdaq: FCNCA) reported earnings for the second quarter of 2025.
Chairman and CEO Frank B. Holding, Jr. said: "Our team delivered solid f...
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25.07.2025
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First Citizens BancShares Declares Dividends
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RALEIGH, N.C., July 25, 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 September 15, 2025, to holders of record as of August 29, 2025: ...
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01.07.2025
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First Citizens BancShares, Inc. Announces Date of Second Quarter 2025 Earnings Call
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RALEIGH, N.C., July 1, 2025 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (NASDAQ: FCNCA) today announced that it will report its financial results for the quarter ended June 30, 2025, before the U.S. financial markets open on Friday, July 25, 2025....
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26.06.2025
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Career Financial Services Leader Appointed to First Citizens BancShares Board of Directors
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Industry veteran Diane Morais' experience further strengthens Board's governance efforts
RALEIGH, N.C., June 26, 2025 /PRNewswire/ -- Diane ("Di") Morais has been appointed to the board of directors of First Citizens BancShares, Inc. and its subsidiary, First-Citizens Bank & Trust Company ("First Citizens Bank"), effective July 1, 2025....
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25.06.2025
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Merlo America LLC and First Citizens Bank Announce Comprehensive New Vendor Finance Agreement
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JACKSONVILLE, Fla., June 25, 2025 /PRNewswire/ -- Merlo America LLC and First Citizens Bank Equipment Finance today announced a new vendor finance agreement that will provide Merlo customers with leasing and lending solutions to secure new construction and agricultural equipment....
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18.06.2025
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UpEquity Secures Warehouse Facility from Silicon Valley Bank and Setpoint Capital
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Financing led by SVB's National Fintech Practice
SAN FRANCISCO, June 18, 2025 /PRNewswire/ -- Silicon Valley Bank (SVB), a division of First Citizens Bank, along with lending partner Setpoint Capital, today announced it has provided a warehouse facility to UpEquity, an Austin-based mortgage technology company that provides solutions for home...
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10.06.2025
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Investment in Frontier Technology Increases Year Over Year; Silicon Valley Bank Releases New Report
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Agentic AI, Defense Tech, and Industrial Automation Propelling the Sector
SAN FRANCISCO, June 10, 2025 /PRNewswire/ -- Venture Capital (VC) investment in frontier technology is up 47% year-over-year, according to the latest report from Silicon Valley Bank (SVB), a division of First Citizens Bank. AI-driven demand for compute power, VC-backed def...
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24.04.2025
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First Citizens BancShares Reports First Quarter 2025 Earnings
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RALEIGH, N.C., April 24, 2025 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (Nasdaq: FCNCA) reported earnings for the first quarter of 2025.
Chairman and CEO Frank B. Holding, Jr. said: "Our first quarter financial...
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24.04.2025
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First Citizens BancShares Declares Dividends
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RALEIGH, N.C., April 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 June 16, 2025, to holders of record as of May 30, 2025: ...
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21.04.2025
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US Climate Tech Investment Achieves Six Straight Months of Growth; Silicon Valley Bank Releases Annual Report
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Climate tech funds show positive trajectory despite fundraising headwinds
SAN FRANCISCO, April 21, 2025 /PRNewswire/ -- The climate tech sector is seeing signs of recovery as venture capital (VC) is flowing into energy, manufacturing, and carbon tech, according to the latest report from Silicon Valley Bank (SVB), a division of First Citizens Bank...
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02.04.2025
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First Citizens BancShares, Inc. Announces Date of 2025 First Quarter Earnings Call
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RALEIGH, N.C., April 2, 2025 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (NASDAQ: FCNCA) today announced that it will report its financial results for the quarter ended March 31, 2025, before the U.S. financial markets open on Thursday, April 24, 2025....
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02.04.2025
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Venture Capital Investment in Women's Health Startups Reaching Record Highs; Silicon Valley Bank Releases Report
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Investment in Women's Health reached $2.6 billion in 2024 despite challenging fundraising environment
SAN FRANCISCO, April 2, 2025 /PRNewswire/ -- Venture capital investment in women's health startups has experienced significant growth in recent years, with funding reaching new heights in 2024. According to the latest report from Silicon Valley...
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17.03.2025
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Peregrine Energy Solutions Announces the Closing of a $53 Million Preferred Equity Commitment with Bildmore Clean Energy and $115 Million Debt Facilities with First Citizens Bank and Nomura Securities International, Inc.
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BOULDER, Colo., March 17, 2025 /PRNewswire/ -- Peregrine Energy Solutions LLC ("Peregrine"), an integrated multi-technology clean energy platform with a focus on utility-scale storage, announced today it has closed a $53 million preferred equity commitment with Bildmore Clean Energy for a 150MW battery energy storage project that's currently unde...
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12.03.2025
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Silicon Valley Bank and Pinegrove Venture Partners Announce Lending Relationship
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Relationship will extend availability of venture debt to technology and life science companies nationwide
SAN FRANCISCO, March 12, 2025 /PRNewswire/ -- Silicon Valley Bank (SVB), a division of First Citizens Bank, announced today it has entered into a strategic lending relationship with Pinegrove Venture Partners (Pinegrove). SVB and Pinegrove ex...
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05.02.2025
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First Citizens Bank and Sixth Street Announce Launch of Sixty-First Commercial Finance to Provide Flexible Capital Equipment Financing Solutions to Middle Market Companies
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NEW YORK, Feb. 5, 2025 /PRNewswire/ -- First Citizens Bank and Sixth Street, a leading global investment firm, today announced the launch of Sixty-First Commercial Finance, a new platform managed by First Citizens Institutional Asset Management, LLC and designed to provide flexible capital equipment financing solutions to middle market companies....
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24.01.2025
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First Citizens BancShares Reports Fourth Quarter 2024 Earnings
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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 quarte...
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24.01.2025
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First Citizens BancShares Declares Dividends
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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: ...
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23.01.2025
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First Citizens Bank Commits $2 Million to Support Relief Efforts for Southern California Wildfires
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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. ...
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23.01.2025
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Silicon Valley Bank Releases 24th Annual State of the US Wine Industry Report
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Wine industry reset is here, fueled by a generational shift to younger consumers redefining consumption patterns
NAPA, Calif., Jan. 23, 2025 /PRNewswire/ -- Silicon Valley Bank (SVB), a division of First Citizens Bank, today released its 2025 State of the US Wine Industry Report. Widely regarded as the leading source of market trends in the premi...
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22.01.2025
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NineDot Energy Announces $65 Million Equipment Financing
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NineDot Energy®, the leading developer of community-scale battery energy storage systems (BESS) in the New York City metro area, today announced the closing of a $65 million equipment financing transaction led by First Citizens Bank, a leader in renewable energy finance. This financing supports the purchase of nearly 100 Megawatts (MW) / 400 Megaw...
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08.01.2025
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Linea Energy Closes Project Debt Financing for Pineview Solar in Georgia
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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...
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08.01.2025
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Venture Capital Fundraising in Healthcare Remains Healthy; Silicon Valley Bank Releases 15th Edition of Healthcare Investments and Exits Report
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New report finds $5.6 billion invested in biopharma AI in 2024
SAN FRANCISCO, Jan. 8, 2025 /PRNewswire/ -- Venture Capital (VC) investment in healthcare grew to $23 billion in 2024, from $20 billion in 2023, as artificial intelligence (AI) clearly established product fit in the healthcare sector, according to the latest market insights report fro...
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02.01.2025
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First Citizens BancShares, Inc. Announces Date of 2024 Fourth Quarter Earnings Call
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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....
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16.12.2024
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Snow Appointed to First Citizens BancShares Board of Directors
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RALEIGH, N.C., Dec. 16, 2024 /PRNewswire/ -- Matt Snow has been appointed to the board of directors of First Citizens BancShares, Inc. ("BancShares") and its subsidiary, First-Citizens Bank & Trust Company ("First Citizens Bank"), effective Jan. 2, 2025....
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21.11.2024
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Pivot Energy Secures Over $450 Million in Major Financing of Distributed Generation Portfolios from First Citizens, ATLAS SP, and HASI
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The debt warehouse facility and structured equity investment will support construction of 300 Megawatts of U.S. community solar projects and is Pivot's largest financing agreement to date
DENVER, Nov. 21, 2024 /PRNewswire/ -- Pivot Energy ("Pivot"), a leading, national renewable energy provider and independent power producer, announced today two...
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19.11.2024
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Squire Secures $35 Million in Debt Financing from Silicon Valley Bank
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Financing provided by SVB's Enterprise Software Group
NEW YORK, Nov. 19, 2024 /PRNewswire/ -- Silicon Valley Bank (SVB), a division of First Citizens Bank, today announced it has provided $35 million in debt financing to Squire Technologies Inc., a leading full-scale management and point of sale (POS) system that helps barbershop owners scale th...
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31.10.2024
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Bugcrowd Secures $50 Million Growth Capital Facility from Silicon Valley Bank
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Financing provided by SVB's Enterprise Software Group
SAN FRANCISCO, Oct. 31, 2024 /PRNewswire/ -- Silicon Valley Bank (SVB), a division of First Citizens Bank, today announced it has provided a $50 million growth capital facility to Bugcrowd, a leading provider of crowdsourced cybersecurity solutions. Bugcrowd brings the collective ingenuity of...
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29.10.2024
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First Citizens Bank Offering Tax Equity Investments in Renewable Energy Projects
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NEW YORK, Oct. 29, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Energy Finance business is introducing a new tax equity investment product to help finance renewable energy projects.
Tax equity products enable q...
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28.10.2024
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Most Affluent Business Owners Lack Confidence in Valuing Their Business, Planning Exit Strategy
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RALEIGH, N.C., Oct. 28, 2024 /PRNewswire/ -- First Citizens Wealth, the wealth management division of First Citizens Bank, today published new results from its "Beyond Wealth" study that offer fresh insights about affluent business owners. Key findings include:
A bare majority (52%) of affluent business owners say they know exactly how much their...
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24.10.2024
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First Citizens BancShares Reports Third Quarter 2024 Earnings
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RALEIGH, N.C., Oct. 24, 2024 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (Nasdaq: FCNCA) reported earnings for the third quarter of 2024.
Chairman and CEO Frank B. Holding, Jr. said: "We posted another quarter of...
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24.10.2024
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First Citizens BancShares Declares Dividends
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RALEIGH, N.C., Oct. 24, 2024 /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 Dec. 16, 2024, to holders of record as of Nov. 29, 2024: ...
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