First Citizens Bank entered into an agreement with the Federal Deposit Insurance Corporation to purchase out of FDIC receivership substantially all loans and certain other assets and assume all customer deposits and certain other liabilities of Silicon Valley Bridge Bank. read more

MAR 27, 2023 - 7:29 am

First Citizens Bank is expanding its middle-market banking group to support the financial needs of midsized businesses in the Midwest and south-central regions of the United States. read more

MAR 15, 2023 - 7:07 am

The maritime finance group of First Citizens Bank provided financing to Purus Clean Energy, a subsidiary of Purus Marine, to support the acquisition of the MV Green Power, a 40,000 cbm ammonia carrier. read more

MAR 7, 2023 - 6:52 am

First Citizens Bank celebrated its 125th year in business on March 1. The company will recognize the milestone throughout the year. read more

MAR 2, 2023 - 7:13 am

First Citizens Bank rebranded its vendor equipment financing business from CIT Business Capital to First Citizens Bank Equipment Finance. read more

FEB 24, 2023 - 7:32 am

First Citizens Bank's healthcare finance group, part of the CIT division, provided $50.3 million in financing to Montecito Medical Real Estate to recapitalize a portfolio of medical office buildings. read more

FEB 22, 2023 - 7:12 am

First Citizens Bank's healthcare finance group, part of the CIT division, provided $31.2 million to Montecito Medical Real Estate to finance the acquisition of a cancer treatment center in Columbia, SC. read more

FEB 9, 2023 - 7:13 am

First Citizens Bank's real estate finance group, part of the CIT division, served as lead arranger on $65.7 million in financing to MainStreet Property Group for the development of The Spark Apartments, a 211-unit, Class A multifamily project in Redmond, WA. read more

FEB 3, 2023 - 7:09 am

First Citizens Bank's healthcare finance group, which is part of the CIT division, provided $52.4 million to affiliates of Kayne Anderson Real Estate and Remedy Medical Properties to finance a portfolio of medical office building properties. read more

FEB 1, 2023 - 7:09 am

First Citizens Bank’s maritime finance business, part of the bank’s CIT division, served as sole lead arranger on $44.2 million in debt financing secured by product tankers for Navios Maritime Partners, which will use proceeds from the financing to refinance existing debt. read more

JAN 19, 2023 - 6:58 am

The healthcare finance business of CIT provided $27.8 million to a joint venture between Kayne Anderson Real Estate and Remedy Medical Properties for the acquisition of a surgical hospital and medical office building portfolio located in Wichita, KS. read more

DEC 15, 2022 - 7:40 am

FitLife Brands, a provider of nutritional supplements, entered into definitive documentation to acquire Mimi’s Rock. First Citizens Bank is providing more than $16 million in financing to support the acquisition. read more

DEC 6, 2022 - 7:17 am

The power and energy business of CIT, a division of First Citizens Bank, served as lead arranger on $419 million in financing for the acquisition of the Broad River power generation facility in Gaffney, SC. read more

NOV 18, 2022 - 6:57 am

First Citizens Bank’s CIT Bank division completed conversion of its branches to First Citizens’ operations and systems. This conversion integrates CIT Bank branch customer accounts into First Citizens’ products and services. read more

NOV 15, 2022 - 7:07 am

First Citizens Bank named James Ligman managing director in its middle market banking business to lead expansion efforts in the Orange County and Inland Empire regions of California. read more

OCT 14, 2022 - 7:04 am