Welcome to our dedicated page for First Ctzns Bancshares N C news (Ticker: FCNCA), a resource for investors and traders seeking the latest updates and insights on First Ctzns Bancshares N C stock.
First Citizens BancShares, Inc. (NASDAQ: FCNCA) is the financial holding company for First Citizens Bank, a commercial bank headquartered in Raleigh, North Carolina. News about FCNCA often highlights its activities as a top 20 U.S. financial institution and Fortune 500 member, including developments across its retail, commercial, innovation and specialized banking units.
On this page, readers can follow news releases covering First Citizens Bank’s broad range of banking activities. Recent items include announcements from its Energy Finance business, which has arranged significant financing facilities for renewable and conventional power projects, and updates on commercial relationships with independent power producers and distributed solar developers. These stories illustrate how the bank’s sector-focused teams support clients in the energy industry.
News from Silicon Valley Bank, a division of First Citizens Bank, provides insight into technology, life science and healthcare markets. SVB regularly publishes detailed reports, such as its State of the U.S. Wine Industry and Healthcare Investments and Exits reports, which analyze trends in premium wine and healthcare venture capital, including AI-related healthcare investment. These releases show how the bank combines commercial banking with industry research.
Additional FCNCA news items cover corporate governance changes, such as board appointments and risk management leadership transitions, as well as branch acquisitions and middle market banking expansion in regions like the Northeast. Updates from CIT Bank, a division of First Citizens Bank, focus on consumer savings behavior and high-yield savings products.
Investors and observers can use this news feed to track FCNCA’s strategic moves, capital markets activity, specialized lending initiatives and research publications across its various divisions.
Silicon Valley Bank (FCNCA) reports a major shift: AI-enabled provider operations captured 73% of Healthtech mega-deals in 2025 and account for 44% of total Healthtech investment. Year-to-date $5.5B has been invested in provider operations with a full-year projection of $8.25B, poised to surpass the 2021 record of $7.8B. The report forecasts $18.5B total Healthtech investment by year-end, notes a ~42% boost in seed-stage AI valuations since 2021, and records 32 M&A deals in provider operations in 2025.
Key market signals include a shift away from alternative care (42% in 2021 to 9% today), a 22% valuation premium added by generalist investors to mega-deals, and concentration risks where 40% of ~$1.5B invested in 2025 went to a single company.
First Citizens Bank (Nasdaq: FCNCA) agreed to acquire 138 branches from BMO Bank across 11 states, expanding into the Midwest, Great Plains and West. The purchase includes branches in North Dakota, South Dakota, Wyoming, Nebraska, Kansas, Missouri, Oklahoma, Idaho, western Minnesota, eastern Oregon and southern Illinois.
Financial terms: First Citizens will assume approximately $5.7 billion in deposit liabilities and acquire about $1.1 billion in loans. The transaction is expected to close mid-2026, subject to customary closing conditions and regulatory approvals. A transaction presentation is available on the company's investor site.
First Citizens Bank (NASDAQ:FCNCA) has released its 2025 Halloween Spending Survey, revealing significant consumer spending trends across generations. The survey shows that 79% of U.S. adults plan to celebrate Halloween, with an average household spending of $420.
Gen Z leads the spending charge with an average of $622 per household, while households with children plan to spend $652. The survey highlights strong costume spending, with adults allocating $58 for personal costumes and $87 for family costumes. Notably, 33% of celebrants plan to purchase pet costumes, spending an average of $22.
CIT Bank, a division of First Citizens Bank, emphasizes the importance of financial planning for holiday expenses through high-yield savings accounts like Platinum Savings and Savings Connect.
First Citizens BancShares (NASDAQ: FCNCA) has scheduled its third quarter 2025 earnings conference call and webcast for Thursday, October 23, 2025. The company will release its financial results before U.S. markets open, followed by a conference call at 9 a.m. Eastern time.
Participants can pre-register for the webcast through the provided link, or join by telephone using specific dial-in numbers for North America (1-833-470-1428) and other locations (1-929-526-1599) with access code 557724. The investor presentation and webcast link will be available on the company's investor relations website, with a replay accessible after the event.
First Citizens Bank (NASDAQ:FCNCA) has announced key leadership appointments for its South Carolina and Georgia operations. Justin Rice will lead the South Carolina Lowcountry region and Savannah, Georgia area, while JP Connell will oversee the Charleston, South Carolina region.
Rice brings nearly 20 years of experience in the Lowcountry market and has been with First Citizens since 2006. Connell, who joined the bank in 2018, previously led the bank's cannabis banking business and most recently served as Business Banking Manager for the Southern Coastal area.
First Citizens maintains a strong presence in South Carolina with over 100 branches and approximately 1,000 associates, serving the market for more than 75 years.
First Citizens Bank (NASDAQ:FCNCA) has announced key leadership changes in its Equipment Finance group. Rod Versteegh, former Global Business Unit President at DLL, has been appointed as the new Equipment Finance Executive, bringing over 30 years of industry expertise.
Versteegh will succeed Mike Jones, who is retiring after 30 years in the industry but will continue in an advisory role into early 2026 to ensure a smooth transition. Additionally, James Ferguson, another DLL executive, has joined as Managing Director of Sales, effective immediately.
Flatiron Energy has secured $540 million in financing for its Taft Project, set to become Massachusetts' largest battery energy storage system. The 200MW / 800MWh facility in Uxbridge will begin commercial operations in late 2026, supporting eastern Massachusetts' grid reliability.
The comprehensive financing package includes construction and bridge loan facilities, term loans, letter of credit facilities, preferred equity, and tax credit transfer commitments. First Citizens Bank (NASDAQ: FCNCA) and Nord/LB led the arrangement, with Societe Generale, Santander, and Investec serving as Joint Lead Arrangers.
First Citizens Bank (NASDAQ:FCNCA) and Betterment at Work have announced a strategic partnership to provide 401(k) solutions for small and mid-sized business clients. The collaboration combines Betterment's digital platform and recordkeeping capabilities with First Citizens Wealth's consulting and fiduciary services.
First Citizens Wealth will oversee plan design, investment selection, monitoring, and benchmarking, while Betterment at Work will handle plan administration through its digital platform, which includes a dashboard and mobile app. The solution will be available to clients of First Citizens Bank, including its Silicon Valley Bank and CIT Bank divisions.
The partnership aims to provide growing businesses with cost-effective financial benefits to attract and retain talent while streamlining the retirement planning experience.First Citizens Bank (NASDAQ:FCNCA) and Distalmotion have announced a strategic partnership to provide financing solutions for Distalmotion's DEXTER® Robotic Surgery System. The collaboration aims to help hospitals, ambulatory surgical centers, and healthcare providers acquire advanced robotic surgery technology through flexible lending and leasing options.
The partnership leverages First Citizens' Healthcare Equipment Finance group's expertise in healthcare banking and financing, along with their experience through the Silicon Valley Bank division. The program is specifically designed to support the growing shift towards outpatient surgical procedures, making robotic surgery technology more accessible to facilities where traditional soft tissue robots may not be suitable.
CIT Bank (NYSE:FCNCA), a division of First Citizens Bank, released its 2025 Summer Savings Survey revealing that 33% of Americans prioritize saving for travel and vacations over other major expenses. The survey highlights that 47% of Americans plan summer vacations, with higher participation among younger generations - 54% of Gen Z and 56% of Millennials.
Younger travelers are showing more ambitious travel plans, with 41% of Millennials and 35% of Gen Z planning international trips, compared to lower percentages for older generations. Additionally, 48% of Millennials and 44% of Gen Z are planning vacations costing $5,000 or more.
The bank promotes its high-yield savings accounts, including Platinum Savings and Savings Connect, offering interest rates up to 10x the national average to help customers achieve their vacation savings goals.