First Citizens BancShares, Inc. · Raleigh, NC United States ·(NASDAQ (GS): FCNCA)
Company Description
View First Citizens BancShares, Inc. Locations On A US Map
This link will open in a new window
This link will open in a new window First Citizens BancShares knows the first thing about commercial banking in several states. The company owns First Citizens Bank & Trust, which operates some 340 branches in North Carolina, Maryland, Tennessee, Virginia, and West Virginia; it also owns IronStone Bank, which has about 60 branches in metropolitan areas in about a dozen states in the Midwest, the Sun Belt, and along the West Coast. In addition to deposit products, the banks also offer discount brokerage, trust, and investment services. Real estate loans (including commercial, residential, and revolving mortgages, and construction and land development loans) make up more than two-thirds of the company's lending portfolio. To read the full description, subscribe now.
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!
Key First Citizens BancShares, Inc. Financials
| Company Type | Public - NASDAQ (GS): FCNCA Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $811.9 |
| 2008 Employees | 4,843 |
First Citizens BancShares, Inc. Executives
30 executives listed for First Citizens BancShares, Inc.'s Raleigh, NC location.
| Title | Name & Bio | Contact |
| Chairman and CEO, First Citizens BancShares, First-Citizens Bank & Trust, and IronStone Bank | Frank Holding | Network |
| Executive Vice Chairman, First Citizens BancShares and First-Citizens Bank & Trust | Frank Holding | Network |
| President, Citizens BancShares and First-Citizens Bank and Trust Company | Edward Willingham | Network |
Competition
Competitive Landscape for First Citizens BancShares, Inc.
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top First Citizens BancShares, Inc. Competitors
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!