First Citizens Bank expanded its middle market banking unit to support the financial needs and goals of midsize businesses across Southern California and the Southwest. The expansion follows the official launch of First Citizens middle market banking in the Southeast in September and the First Citizens Bank merger in January with CIT.
First Citizens middle market banking is now serving clients across the Southwest and Southeast with offerings including senior secured loans, cash flow loans, capital markets services, foreign exchange capabilities, asset-based lending and treasury and payment services. The bank’s middle market target clientele covers companies with $75 million to $750 million in annual sales.
“First Citizens is proud to expand middle market banking to provide best-in-class relationship banking support to even more business owners, entrepreneurs and family offices in the middle market segment,” Brendan Chambers, who leads First Citizens’ middle market banking team, said. “We’re leveraging our talented and knowledgeable team, as well as capabilities acquired in our merger with CIT, to deliver exceptional service to our clients throughout their entire business life cycle. Our relationship banking model sets us apart in this space, and we’re excited to help middle market businesses in the Southwest grow and prosper.”
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