First Citizens BancShares Company Description
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.
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The Company Description provides a historical perspective of First Citizens BancShares's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of First Citizens BancShares's evolution in the marketplace.
