Dynapac North America and First Citizens Bank Launch New Vendor Finance Agreement

Rhea-AI Summary

Dynapac North America (FCNCA) and First Citizens Bank Equipment Finance announced a vendor finance agreement on November 3, 2025 to provide leasing and lending solutions for Dynapac road construction equipment.

The program will support Dynapac's dealer network and distributors with tailored retail and rental financing to acquire asphalt rollers, pavers, feeders and light equipment, aiming to streamline equipment purchases and rentals and support contractor operations.

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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.

Based in Fort Mill, South Carolina, Dynapac is a global manufacturer that designs and produces equipment for road construction and compaction, including asphalt rollers, pavers, feeders, and light equipment. Dynapac is a subsidiary of Fayat Group, a French and international construction and industrial company.

The new agreement with First Citizens Bank will provide Dynapac's dealer network and distributors with financing to buy or lease road-paving equipment to help ensure faster, safer and more cost-effective road construction, maintenance and repair operations.

"Dynapac's compaction and paving solutions enable contractors to achieve high-quality and consistent results," stated Yann Monnet, President and General Manager of Dynapac North America. "Collaborating with First Citizens Equipment Finance allows us to provide more flexible financing options for dealers and customers to acquire the equipment needed to operate and grow their businesses."

"Dynapac is a trusted provider recognized for its engineering quality and robust dealer support," said Harold Ray, who leads the construction group at First Citizens Bank Equipment Finance. "This vendor program allows us to provide its dealer network and distributors with a tailored retail and rental financing program to find the equipment that best fits their needs."

First Citizens Bank's Equipment Finance group empowers original equipment manufacturers, vendors and small and mid-size businesses by providing equipment financing solutions via a distinctive inside/outside sales coverage model, seasoned supporting staff, technology-enabled platforms and market-leading structuring expertise.

About First Citizens Bank
First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in Raleigh, N.C., First Citizens has built a unique legacy of strength, stability and long-term thinking that has spanned generations. First Citizens offers an array of general banking services including a network of branches and offices nationwide; commercial banking expertise delivering best-in-class lending, leasing and other financial services coast to coast; innovation banking serving businesses at every stage; and a nationwide direct bank. Parent company First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial institution with more than $200 billion in assets and a member of the Fortune 500™. Discover more at firstcitizens.com.

Media Contact:
Name: Katie Ellis
Email: kellis@svb.com

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SOURCE First Citizens Bank

FAQ

What did Dynapac (FCNCA) announce on November 3, 2025 regarding equipment financing?

Dynapac announced a vendor finance agreement with First Citizens Bank Equipment Finance to provide leasing and lending solutions for purchasers and renters of Dynapac equipment.

How will the Dynapac and First Citizens vendor finance program affect Dynapac dealers and distributors?

The program will offer tailored retail and rental financing options to Dynapac's dealer network and distributors to help acquire road-paving and compaction equipment.

Which types of equipment are covered by the Dynapac and First Citizens financing program?

Financing is available for asphalt rollers, pavers, feeders and light road-construction equipment produced by Dynapac.

Does the press release specify the financial size or rates of the vendor finance agreement for FCNCA?

No, the announcement does not disclose loan amounts, pricing, interest rates, or total program size.

When did Dynapac and First Citizens announce their vendor finance agreement for FCNCA?

The agreement was announced on November 3, 2025.

Who within Dynapac and First Citizens commented on the vendor finance agreement?

Yann Monnet, President and General Manager of Dynapac North America, and Harold Ray, leader of the construction group at First Citizens Bank Equipment Finance, provided statements.