First Citizens Bank - M&A Summary and Business Overview

Financial ServicesCompany

First Citizens Bank M&A Summary

First Citizens Bank has acquired 9 companies, including 2 in the last 5 years.

First Citizens Bank’s largest acquisition to date was in 2019, when it acquired Entegra Financial for $219M. First Citizens Bank has acquired in 8 different US states. The Company’s most targeted sectors include financial services (100%).

First Citizens Bank Business Overview

Where is First Citizens Bank headquartered?

First Citizens Bank is headquartered in Raleigh, North Carolina.

What is First Citizens Bank’s revenue?

First Citizens Bank disclosed revenue of 4,541M USD for 2022 and 1,839M USD for 2021.

How many employees does First Citizens Bank have?

First Citizens Bank has 10,375 employees.

What sector is First Citizens Bank in?

First Citizens Bank is a financial services company.

When was First Citizens Bank founded?

First Citizens Bank was founded in 1898.

M&A Summary

  • M&A Total Activity9
    • M&A Buy Activity9
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1
  • M&A Advisors 1

First Citizens Bank

First Citizens Bancshares, Inc.

4300 Six Forks Road,
Raleigh, North Carolina 27609
United States,
(919) 716-7000
www.firstcitizens.com

First Citizens Bank operates as the holding company for First-Citizens Bank & Trust Company. Bank serves customers at more than 550 branches in 20 states. First Citizens Bank was incorporated in 1898 and is based in Raleigh, North Carolina.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 8 - - 1 - - 9
vol $219M $219M
Sell (0.0/yr) # - - - - - - 0
  9

Most Recent M&A

Company Date Value Type
CIT Group, Inc. 2022-01-04 - Merger
New York, New York · www.cit.com
Entegra Financial Corp. 2019-04-24 219M USD Merger
Franklin, North Carolina · www.entegrabank.com
Cordia Bancorp Inc. 2016-05-20 - Merger
Midlothian, Virginia · www.cordiabancorp.com
First Cornerstone Bank 2016-05-06 - Divestiture
King Of Prussia, Pennsylvania
North Milwaukee State Bank 2016-03-11 - Divestiture
Milwaukee, Wisconsin · www.nmsbank.com
Capitol City Bank & Trust Co. 2015-02-13 - Divestiture
Atlanta, Georgia · www.capitolcitybank-atl.com
1st Financial Services Corp. 2013-08-28 - Merger
Hendersonville, North Carolina
Sun American Bank 2010-03-05 - Divestiture
Boca Raton, Florida
First Regional Bank 2010-01-29 - Divestiture
Los Angeles, California · www.firstregional.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 9 (100%) 219M (100%) - -
Total 9 $219M - -

By Geo

State/Country Buy Value Sell Value
United States 9 219M - -
  North Carolina 2 219M - -
  Wisconsin 1 - - -
  Virginia 1 - - -
  Pennsylvania 1 - - -
  New York 1 - - -
  Georgia 1 - - -
  Florida 1 - - -
  California 1 - - -
Total 9 $219M - -

Top M&A Advisors

Legal Deals
Ward and Smith, P.A.
 1

Deal Values

buy # Total
$100M to $1B 1 $219M
TOTAL $219M
Largest Entegra Financial Corp.
$219M (2019-04-24)

M&A Connections

Deals
Acquired from
Strategic(s)
56%
5 (56%)

Company Summary

SECTOR

Financial Services

Revenue

4,541   147% 2022
1,839   2% 2021
1,820   8% 2020
1,698   8% 2019
1,582   9% 2018
1,457   9% 2017
1,337   2016
(millions of USD) Show More Show Less

Employees

10,375

Established

1898

Public

NASDAQ: FCNCA

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North Carolina Companies , Financial Services Companies , United States Companies , North Carolina Financial Services Companies , North Carolina Financial Services with Acquisitions , North Carolina Financial Services with Divestitures

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