Connectivity Wireless, an M|C Partners backed platform and leading provider of in-building wireless solutions, today announced it has successfully secured a $110 million senior debt facility with an additional $30 million available at a later date led by First Citizens Bank. In addition, the company received a $60 million growth investment led by Post Road Group, with participation from Boundary Street Capital, further strengthening its financial position and fueling its continued venue network growth. This strategic financing will enable Connectivity Wireless to accelerate the deployment of its cutting-edge in-building wireless infrastructure solutions, enhance operational capabilities, a

BOULDER, Colo., March 17, 2025 /PRNewswire/ -- Peregrine Energy Solutions LLC ("Peregrine"), an integrated multi-technology clean energy platform with a focus on utility-scale storage, announced today it has closed a $53 million preferred equity commitment with Bildmore Clean Energy for a 150MW battery energy storage project that's currently under construction. Concurrently, Peregrine also secured a $115 million bridge financing facility to fund the remaining construction of the project. First Citizens Bank acted as Joint Coordinating Lead Arranger and Collateral Agent for the facility, and Nomura Securities International, Inc. acted as Joint Coordinating Lead Arranger and Administrative Age

Relationship will extend availability of venture debt to technology and life science companies nationwide SAN FRANCISCO, March 12, 2025 /PRNewswire/ -- Silicon Valley Bank (SVB), a division of First Citizens Bank, announced today it has entered into a strategic lending relationship with Pinegrove Venture Partners (Pinegrove). SVB and Pinegrove expect to deploy a combined $2.5 billion in venture debt loans to technology and life science companies over the coming years.  Backed by Sequoia Heritage and Brookfield Asset Management, Pinegrove is a venture investment platform with c

Piper Sandler upgraded First Citizens BancShares from Neutral to Overweight and set a new price target of $2,250.00

Keefe Bruyette upgraded First Citizens BancShares from Mkt Perform to Outperform and set a new price target of $2,500.00

UBS resumed coverage of First Citizens BancShares with a rating of Buy

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4 - FIRST CITIZENS BANCSHARES INC /DE/ (0000798941) (Issuer)

4 - FIRST CITIZENS BANCSHARES INC /DE/ (0000798941) (Issuer)

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Michelle Draper, former Silicon Valley Bank CMO and 30-year financial industry veteran, to lead marketing and client experience  RALEIGH, N.C., Oct. 17, 2024 /PRNewswire/ -- First Citizens Bank today announced the appointment of Michelle Draper to Chief Marketing Officer (CMO). Most recently, Draper served as Chief Marketing and Sales Strategy Officer of Silicon Valley Bank (SVB), a division of First Citizens Bank. In her role serving the First Citizens enterprise, Draper leads a marketing organization nationwide dedicated to building upon the company's customer-centric vision

RALEIGH, N.C., June 4, 2024 /PRNewswire/ -- First Citizens BancShares Inc. (NASDAQ:FCNCA), parent company of First Citizens Bank, today was named for the first time to the Fortune 500™ list of the largest companies in the United States by revenue. First Citizens ranked #182 overall on the 2024 list, underscoring its status as one of the nation's premier banking and financial services institutions. In addition, the bank was listed at #24 on Fortune's 2024 list of fastest-growing companies. "At First Citizens, we are deeply committed to supporting clients with high-quality, reli

RALEIGH, N.C., Jan. 22, 2024 /PRNewswire/ -- First Citizens Bank announced today the appointment of James Bennett as executive director of External Affairs. In this newly created position, Bennett, a seasoned First Citizens banker, is now responsible for nationwide community engagement as well as strengthening relationships with state and federal government officials, members of Congress, trade groups and other public policy stakeholders. His new position was effective Jan. 1, 2024. He reports to Chairman and CEO Frank B. Holding, Jr. "We are glad to have James' leadership in

RALEIGH, N.C., Jan. 24, 2025 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (NASDAQ:FCNCA) reported earnings for the fourth quarter of 2024. Chairman and CEO Frank B. Holding, Jr. said: "We delivered another quarter of strong financial results and experienced loan and deposit growth across all of our segments. Credit remained stable and our solid capital and liquidity positions allowed us to repurchase 461,583 shares of our Class A common stock for $963 million during the fourth quarter. "In the wake of the recent wildfires and Hurricanes Helene and Milton, our

RALEIGH, N.C., Jan. 24, 2025 /PRNewswire/ -- The Board of Directors of First Citizens BancShares, Inc. (NASDAQ:FCNCA) has declared the following dividends on the company's common and preferred stock, in each case to be paid on March 17, 2025, to holders of record as of Feb. 28, 2025:   A quarterly common stock dividend of $1.95 per share on the company's Class A and Class B common stock.A regular quarterly dividend of $13.4375 per share on the company's 5.375% non-cumulative perpetual preferred stock, Series A, resulting in a distribution of $0.335938 per depositary share.A di

RALEIGH, N.C., Jan. 2, 2025 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (NASDAQ:FCNCA) today announced that it will report its financial results for the quarter ended December 31, 2024, before the U.S. financial markets open on Friday, January 24, 2025. A conference call and webcast will be held to discuss BancShares' financial results at 9 a.m. Eastern time on the same day. The conference call and webcast may contain forward-looking statements and other material information. To pre-register for the call via webcast (recommended), please visit: https://event

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