First Citizens Bank Acquires $123 Million Maritime Portfolio for Greece Vessels
NEW YORK, June 20, 2023 /PRNewswire/ -- First Citizens Bank today announced that its Maritime Finance group, part of the CIT division, has successfully completed the acquisition of $123 million of Greek shipping loans, sharply increasing the bank's maritime financings for clients in Greece.
The loan portfolio, which was acquired from HSBC Bank Plc, covers 11 financings involving 14 vessels and eight clients in one of the world's largest commercial shipping markets.
"We are excited to expand our presence and advance our relationships among commercial shipping clients in Greece,
