First-Citizens Bank & Trust Company ("First Citizens Bank"), the wholly owned banking subsidiary of First Citizens BancShares, Inc. ("BancShares"), announced the purchase of a downtown San Francisco building in support of the company's large and growing client base in the region. Located at 667 Mission Street in downtown San Francisco, First Citizens will renovate the office space with an expected move-in date in 2027.

The six-story building comprises more than 160,000 square feet, including an 8,000 square foot rooftop terrace and event space. Once complete, First Citizens Bank expects to occupy a portion of the building and will also seek tenants.

"San Francisco is a key market within the innovation economy, and this latest acquisition is evidence of our ongoing commitment to being a part of the local ecosystem," said Marc Cadieux, President of Silicon Valley Bank, a division of First Citizens Bank. "We're thrilled to announce this investment that underscores First Citizens' long-term plans to grow in the Bay Area."

First Citizens' Silicon Valley Bank division has had a presence in San Francisco for more than 25 years serving investors and innovation economy companies. Today, First Citizens Bank in total has six branches in the Bay Area as well as Business, Commercial, and Wealth teams that provide a host of banking services for individuals and companies in many industries. The company has more than 500 associates in San Francisco and more than 1,000 in the greater Bay Area. The Bank has been steadily growing its presence in the region, and recently announced a Northern California Market Leader for First Citizens Wealth, also based in San Francisco.

667 Mission Street marks First Citizens Bank's second commercial real estate purchase in the Bay Area this year, following the acquisition of a 43,000 square foot, mixed use building in Palo Alto, California in August, also expected to open in 2027.