According to Axios, following its acquisition of Silicon Valley Bank out of FDIC receivership at the end of March, First Citizens Bank fired approximately 500 employees brought over as part of the acquisition this week. read more

MAY 26, 2023 - 6:55 am

Reuters reported that First Citizens Bank filed a lawsuit against HSBC after it hired “dozens” of former Silicon Valley Bank employees in April. According to Reuters, First Citizens is alleging that HSBC “violated federal law by hiring away the workers.” read more

MAY 23, 2023 - 7:00 am

First Citizens Bank’s healthcare finance group, part of the CIT division, provided $30 million to refinance the Amavida Living Community in Fort Myers, FL. read more

MAY 18, 2023 - 6:41 am

Flux Power, a developer of lithium-ion energy storage solutions for the electrification of commercial and industrial equipment, renewed the available credit under its existing $14 million facility with First Citizens Bank. read more

APR 28, 2023 - 7:01 am

First Citizens Bank’s middle-market banking business provided $16 million in financing to FitLife Brands, a provider of nutritional supplements headquartered in Omaha, NE. read more

APR 28, 2023 - 6:57 am

First Citizens Bank’s real estate finance group, part of the CIT division, provided a $48 million senior secured loan to finance the acquisition of the Dunson Grove apartment community in Davenport, FL. read more

APR 20, 2023 - 6:44 am

First Citizens Bank's healthcare finance group provided $44.2 million to affiliates of Kayne Anderson Real Estate and Remedy Medical Properties to finance a portfolio of medical office building properties. read more

MAR 31, 2023 - 6:44 am

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