First Citizens Names Mike Spencer Middle Market Banking Leader in Georgia

Rhea-AI Summary

First Citizens (NASDAQ:FCNCA) named Mike Spencer as Managing Director of Middle Market Banking in Atlanta effective Nov. 5, 2025.

Spencer, a 30-year industry veteran, will expand First Citizens' middle market presence across Georgia and nearby markets. He joins from Synovus after eight years building its middle market platform and has prior relationship roles at Wells Fargo and JPMorgan Chase. The bank's middle market platform targets customers with above $75mm of revenue and has served Georgia and surrounding regions since 2022.

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In the Nov 5 session, FCNCA declined 0.30%, reflecting a mild negative market reaction.

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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 Director of Middle Market Banking in Atlanta. In this role, Spencer will expand First Citizens' middle market banking presence throughout Georgia and nearby markets.

"Mike's deep sector expertise, coupled with a proven track record of building long-term client relationships to help businesses reach their full potential, make him an excellent addition to our team," said Matt Tollenaer, Managing Director and Market Leader of First Citizens Middle Market Banking. "He brings ample experience with specialty sectors such as manufacturing, wholesale and distribution, which will further enhance growth within our middle market banking business."

Spencer joins First Citizens from Synovus, where he spent the past eight years growing the middle market platform and expanding the footprint to five southeastern states. His highly developed skillset includes commercial and corporate banking. He previously held relationship management and leadership roles with both Wells Fargo and JPMorgan Chase. 

A graduate of the University of Houston and active member in his community, Spencer serves on advisory boards for Children's Healthcare of Atlanta, the Georgia Chamber of Commerce and the Association for Corporate Growth.

First Citizens' middle market banking practice has served clients in Georgia and surrounding regions since 2022. First Citizens' middle market platform focuses on delivering a high-touch client centric banking experience offering a comprehensive suite of product solutions to customers above $75mm of revenue.

In other recent Atlanta-area leadership appointments, First Citizens Wealth announced Erin McCaskill as Director and Market Leader.

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 with 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
Katie Ellis
Kellis@svb.com

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SOURCE First Citizens Bank

FAQ

Who is Mike Spencer and what role did he take at First Citizens (FCNCA) on Nov. 5, 2025?

Mike Spencer joined First Citizens as Managing Director, Middle Market Banking in Atlanta to expand the bank's Georgia footprint.

How will Mike Spencer's hire affect First Citizens' middle market strategy (FCNCA)?

Spencer is expected to expand the bank's middle market presence across Georgia and nearby markets using his sector expertise in manufacturing, wholesale and distribution.

What revenue profile does First Citizens' middle market banking platform (FCNCA) target?

The platform focuses on clients with above $75mm of revenue and offers a comprehensive suite of product solutions.

What is Mike Spencer's prior experience before joining First Citizens (FCNCA)?

He spent eight years at Synovus growing its middle market platform and previously held relationship and leadership roles at Wells Fargo and JPMorgan Chase.

Since when has First Citizens' middle market practice served Georgia and surrounding regions (FCNCA)?

First Citizens' middle market banking practice has served clients in Georgia and surrounding regions since 2022.

Did First Citizens (FCNCA) announce other Atlanta-area leadership changes alongside Mike Spencer's appointment?

Yes, the bank also named Erin McCaskill as Director and Market Leader for First Citizens Wealth in the Atlanta area.