First Citizens Bank announced its Middle Market Banking business provided $33.5 million in financing to Adams Beverages, a distributor of beer, wine and nonalcoholic beverages to bars, restaurants, grocery stores, package stores and other retail...
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March 13, 2024, 07:00 AM
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First Citizens Bank's Healthcare Finance business provided $37 million to Rethink Healthcare Real Estate to refinance Grandview Physicians Plaza I, a medical office building located in Birmingham, Alabama. The medical office building spans over...
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February 09, 2024, 07:05 AM
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First Citizens Bank announced the appointment of James Bennett as Executive Director of External Affairs.In this newly created position, Bennett, a seasoned First Citizens banker, is responsible for nationwide community engagement as well as...
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January 23, 2024, 07:10 AM
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First Citizens Bank announced its Middle Market Banking group has named April Chow and Marc Einerman as Managing Directors and Relationship Managers dedicated to supporting business growth.Chow will serve the Southern California market and will be...
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January 18, 2024, 07:12 AM
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First Citizens BancShares, Inc. (BancShares) announced Gregory L. Smith has joined the company as an executive officer and Chief Information & Operations Officer (CIOO) for BancShares and its subsidiary, First-Citizens Bank & Trust Company (First...
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January 17, 2024, 07:17 AM
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First Citizens Bank announced that CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management LLC, has provided working capital financing via a revolving line of credit to Winona Foods in Green Bay, WI.Winona Foods is a fully...
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December 21, 2023, 07:08 AM
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First Citizens Bank and Jupiter Power LLC announced First Citizens Bank's Energy Finance business and Jupiter Power have closed on $65.2 million in financing for construction of a 200-megawatt (MW) / 400 megawatt-hour (MWh) battery energy storage...
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December 20, 2023, 07:10 AM
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First Citizens Bank announced its Equipment Finance business has named Joy Shanks as Senior Vice President and Head of Business Development dedicated to supporting and growing equipment finance vendor acquisition business.Shanks will be responsible...
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December 18, 2023, 07:23 AM
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First Citizens Bank announced its Technology, Media and Telecommunications Finance business served as lead arranger of $345 million in financing on behalf of DataBank for construction of a new hyperscale data center in the Atlanta, GA area.A leading...
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December 13, 2023, 07:21 AM
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First Citizens Bank announced CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management, LLC, provided $85 million in financing to CVB Inc.Founded in 2003, CVB is the parent company to a leading mattress, bedding and...
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December 12, 2023, 07:20 AM
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First Citizens Bank announced its Healthcare Finance business served as joint lead arranger and joint bookrunner on financing for The Halifax Group's acquisition of the Worldwide Home Care division of Sodexo, a global home care services platform for...
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December 08, 2023, 07:05 AM
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First Citizens Bank announced its Middle Market Banking business provided $10 million in financing to FitLife Brands Inc., a provider of innovative and proprietary nutritional supplements and wellness products, for the strategic acquisition of the...
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December 07, 2023, 07:15 AM
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First Citizens Bank announced CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management LLC, served as administrative agent on a $75 million revolving credit facility for Stella & Chewy's LLC.Headquartered in Oak Creek, WI...
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December 06, 2023, 07:05 AM
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First Citizens Bank announced its Middle Market Banking business has named Nathan Pusey as Managing Director And Northeast Market Executive and John Tyson as Managing Director And Relationship Manager. Both will be based in Boston to support the...
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December 04, 2023, 07:18 AM
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First Citizens Bank announced its Asset-Based Lending business, part of the bank’s Commercial Finance group, served as co-collateral agent on $75 million in financing for branded consumer products company Turning Point Brands Inc.Based in Louisville...
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December 01, 2023, 07:11 AM
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First Citizens Bank's Healthcare Finance business completed two transactions totaling $99.3 million with joint ventures managed by Kayne Anderson Real Estate and Remedy Medical Properties. One joint venture received $75 million in loan proceeds for...
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November 30, 2023, 07:10 AM
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First Citizens Bank announced that its Energy Finance business acted as co-lead arranger on a $250 million financing on behalf of a portfolio of 327MW, 1hr duration battery storage projects developed in California by Middle River Power.First Citizens...
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November 20, 2023, 07:09 AM
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First Citizens Bank announced that its Energy Finance business served as lead agent on a $170 million credit facility for esVolta, a leading developer, owner and operator of utility-scale battery energy storage projects in North America. The facility...
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November 16, 2023, 07:10 AM
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First Citizens Bank announced its Energy Finance business has served as lead agent on $60 million in financing to Gore Street Energy Storage Fund plc for the development of a 200-megawatt battery storage project located in Imperial County, CA.Gore...
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October 25, 2023, 07:18 AM
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First Citizens Bank announced its CIT Commercial Services subsidiary, a national leader in factoring, credit protection and accounts receivable management solutions, recently closed three major client financing transactions.CIT Commercial Services...
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October 19, 2023, 07:10 AM
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First Citizens Bank announced its Energy Finance business has served as coordinating lead arranger on three battery storage project financings for Plus Power, collectively representing $672 million in financing and 700 megawatts (MW) of energy...
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October 18, 2023, 07:17 AM
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First Citizens Bank announced its Middle Market Banking business served as lead arranger on acquisition financing for Nashville-based Encore Luxury Coaches, a leading provider of luxury entertainment travel.The financing supports Encore's strategic...
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October 18, 2023, 07:00 AM
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First Citizens Bank is extending its brand to cover numerous commercial business verticals that previously fell under First Citizens' CIT division. This effort represents another major step towards First Citizens fully integrating CIT since its 2022...
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October 03, 2023, 07:05 AM
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Nearly eight out of 10 small business owners feel a strong degree of confidence that their companies will grow over the next year even amid rocky market conditions, according to a new survey.The ninth annual First Citizens Bank Small Business...
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September 12, 2023, 07:10 AM
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First Citizens Bank announced its Capital Equipment Finance group, part of the CIT division, served as lead arranger on $200 million in financing for New Fortress Energy Inc.Headquartered in New York, New Fortress Energy is a global energy...
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August 30, 2023, 07:22 AM
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Silicon Valley Bank (SVB), a division of First Citizens Bank, announced Martin Murrell has been named Head of Global Payments and Milton Santiago was named Head of Global Digital Solutions. The new leaders will further SVB’s commitment to innovative...
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August 23, 2023, 07:07 AM
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First Citizens Bank announced its CIT Commercial Services subsidiary has completed a $6.5 million credit facility with a California-based home furnishings and apparel importer.Under the agreement, CIT Commercial Services will also take the lead in...
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August 22, 2023, 07:10 AM
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First Citizens Bank announced its Middle Market Banking business has named Tony Hurtado as its relationship manager dedicated to cultivating business in Orange County, CA.Hurtado will be responsible for establishing and maintaining a portfolio of...
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August 21, 2023, 07:15 AM
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First Citizens Bank announced its Healthcare Finance business, part of the CIT division, provided a $50.3 million loan to a joint venture led by Rethink Healthcare Real Estate to refinance the Medical Pavilion at White Oak, an on campus medical...
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August 01, 2023, 07:00 AM
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First Citizens Bank announced its Energy Finance group, part of the CIT division, served as sole lead arranger on $211 million in financing for the 200-megawatt Oak Solar power plant in Gaston, NC.SunEnergy1 LLC, based in Mooresville, NC, plans to...
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July 26, 2023, 07:05 AM
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First Citizens Bank announced its Hemp Business provided a $1 million working capital line of credit to RYJO, parent entity of The Georgia Hemp Company, to help finance a major new promotional initiative.The Georgia Hemp Company operates four...
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July 25, 2023, 07:17 AM
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First Citizens Bank announced its Energy Finance group, part of the CIT division, served as the Coordinating Lead Arranger on a $70.4 million construction and term loan financing facility for two standalone battery energy storage projects in Texas...
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July 18, 2023, 07:00 AM
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First Citizens Bank announced its Healthcare Finance business, part of the bank’s CIT division, has named Joe Kernan as its new Relationship Manager. Kernan is based in Pasadena, CA (Los Angeles Metro) supporting healthcare clients in the Western U.S...
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July 06, 2023, 07:15 AM
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First Citizens Bank announced its Maritime Finance group, part of the CIT division, arranged to provide Nordic Handysize IV AS, a subsidiary of Nordic Hamburg, $10 million to finance two dry bulk ships.Nordic Hamburg is a full-service ship owner and...
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June 27, 2023, 07:07 AM
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First Citizens Bank announced its Real Estate Finance business provided a $19.5 million construction loan for the development of Holbrook Logistics Center in Long Island, NYThe borrower, an affiliate of Eagle Cliff Real Estate Partners, is building a...
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June 22, 2023, 07:00 AM
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First Citizens Bank announced 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...
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June 21, 2023, 07:18 AM
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First Citizens Bank announced Marc Cadieux, a 30-year veteran of Silicon Valley Bank (SVB), has been appointed President of Silicon Valley Bank's commercial banking business. Based in the California Bay Area, Cadieux leads an SVB Commercial team of...
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June 08, 2023, 07:30 AM
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First Citizens Bank announced Marc Heller has been promoted to the position of Vice Chairman of CIT Commercial Services, a subsidiary of First Citizens Bank, and that Michael Hudgens has been promoted to the role of CIT Commercial Services President...
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June 08, 2023, 07:25 AM
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First Citizens Bank announced CIT Northbridge Credit, as advised by CIT Asset Management LLC, has provided $40 million in financing for Tronair, a provider of manufacturing of ground support equipment, aftermarket replacement parts and services for...
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May 19, 2023, 07:23 AM
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First Citizens Bank announced its Healthcare Finance group, part of the CIT division, provided $30 million to refinance the Amavida Living Community in Fort Myers, FL.Amavida is a 387-unit senior housing community consisting of 251 independent-living...
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May 18, 2023, 07:10 AM
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CIT Commercial Services, a subsidiary of First Citizens Bank, announced leadership changes as it continues to align its business to support clients and future growth.Tom Fingleton, who has served as Northeast Regional Manager since March 2019, has...
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May 09, 2023, 07:18 AM
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Flux Power Holdings, a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, has renewed the available credit under its existing facility with Silicon Valley Bank, a division of First...
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May 01, 2023, 07:05 AM
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First Citizens Bank announced its Healthcare Finance group, part of the CIT division, has provided $44.2 million to affiliates of Kayne Anderson Real Estate and Remedy Medical Properties to finance a portfolio of medical office building...
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March 31, 2023, 07:00 AM
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First-Citizens Bank & Trust Company (First Citizens Bank), a subsidiary of Raleigh, NC-headquartered First Citizens BancShares, Inc. (First Citizens) announced it has entered into an agreement with the Federal Deposit Insurance Corporation (FDIC) to...
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March 27, 2023, 07:23 AM
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First Citizens Bank announced its Middle Market Banking group is expanding yet again – this time to better support the financial needs and goals of midsize businesses in the Midwest and South Central U.S.First Citizens Middle Market Banking has been...
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March 15, 2023, 07:15 AM
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First Citizens Bank announced its Maritime Finance group, part of the CIT division, provided financing to Purus Clean Energy, a subsidiary of Purus Marine, to support the acquisition of the MV Green Power, a 40,000 cbm ammonia carrier.Purus Marine...
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March 03, 2023, 07:10 AM
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First Citizens Bank on March 1 celebrated its 125th year of delivering long-term value and excellent service to clients and strong results to shareholders. First Citizens is recognizing this significant service milestone with a celebration throughout...
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March 02, 2023, 07:20 AM
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First-Citizens Bank & Trust Company (First Citizens Bank) announced its vendor equipment financing business will now be known as First Citizens Bank Equipment Finance to better communicate its core mission to vendors, customers and prospects.Formerly...
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February 24, 2023, 07:30 AM
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CIT Commercial Services, a wholly owned subsidiary of First Citizens Bank, announced it has closed a non-recourse factoring arrangement and $8 million senior secured facility for a Los Angeles-based company that sells men's and boys' clothing to...
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February 16, 2023, 07:00 AM
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First Citizens Bank announced its Middle Market Banking business is launching a business-focused webinar series to provide a range of expert insight to owners, executives, service providers and others engaged with middle market companies.The first...
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February 08, 2023, 07:05 AM
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First Citizens Bank announced that its Real Estate Finance group, part of the CIT division, served as lead arranger on $65.7 million in financing to MainStreet Property Group for the development of The Spark Apartments, a 211-unit, Class A...
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February 03, 2023, 07:00 AM
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First Citizens Bank announced that its Healthcare Finance group, part of the CIT division, has provided $52.4 million to affiliates of Kayne Anderson Real Estate and Remedy Medical Properties to finance a portfolio of medical office building...
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February 01, 2023, 06:00 AM
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First Citizens Bank announced its Maritime Finance group, part of the CIT division, served as sole lead arranger on $44.2 million in debt financing for Navios Maritime Partners L.P. (Navios Partners). Proceeds from the financing, which is secured by...
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January 19, 2023, 07:05 AM
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The Certified Lease & Finance Professional (CLFP) Foundation announced 17 individuals who recently sat through the eight-hour online proctored CLFP exam, have passed it. They are:
Eric Angleró, CLFP – Operations Manager, Commercial Equipment...
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December 12, 2022, 07:23 AM
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First Citizens Bank announced its Middle Market Banking business provided $19 million in financing to Truckee-Tahoe Lumber Company to provide support for their expanding business operations.Headquartered in Reno, NV, Truckee-Tahoe Lumber (TTL) is a...
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October 17, 2022, 07:18 AM
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CIT Commercial Services, a subsidiary of First Citizens Bank, announced that it has completed a $50 million factoring facility with a West Coast consumer technology firm.CIT worked closely with the client to create a unique factoring arrangement to...
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October 13, 2022, 07:10 AM
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First Citizens Bank announced the expansion of its Middle Market Banking unit to support the financial needs and goals of midsize businesses across Southern California and the Southwest region.The expansion follows the official launch of First...
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October 12, 2022, 07:20 AM
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CIT, a division of First Citizens Bank, announced CIT Northbridge Credit, as advised by CIT Asset Management LLC, provided financing to Mohawk Fine Papers, the largest privately held premium paper manufacturer in North America. The financing will be...
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September 23, 2022, 07:16 AM
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CIT, a division of First Citizens Bank, announced its Sponsor Finance business served as lead arranger of debt financing to support SK Capital Partners’ investment in VanDeMark Chemical in partnership with existing co-owner Comvest Partners.HSBC...
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September 15, 2022, 07:10 AM
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CIT, a division of First Citizens Bank, announced its Healthcare Finance business provided $50.8 million to Seavest Healthcare Properties, LLC for the refinancing of Providence Family Wellness Center and Medical Office Building.Providence Family...
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September 14, 2022, 07:09 AM
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First Citizens Bank announced the official launch of its Middle Market Banking unit to support the financial needs and goals of midsize businesses across the Southeastern U.S. Headquartered in Charlotte, First Citizens Middle Market Banking is now...
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September 07, 2022, 07:20 AM
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CIT, a division of First Citizens Bank, announced its Real Estate Finance business served as lead arranger on $53 million in financing for the acquisition of six industrial properties.The borrower, Aminim Group, acquired the portfolio of properties...
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August 17, 2022, 07:00 AM
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CIT, a division of First Citizens Bank, has named Kevin Ronan, Senior Vice President and Managing Director, as the group head of its Capital Equipment Finance business.CIT’s Capital Equipment Finance business is a nationwide provider of leasing and...
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August 05, 2022, 07:25 AM
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First Citizens Bank announced its OneWest Bank division based in Southern California has completed its conversion to First Citizens’ operations and systems. This conversion integrates OneWest Bank customer accounts into First Citizens products and...
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July 19, 2022, 07:05 AM
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CIT, a division of First Citizens Bank, announced it has hired Geoffrey Samuels as a Business Development Officer in its Asset-Based Lending business.Samuels will be based in Charleston, SC, with a focus on asset-based lending business development...
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July 12, 2022, 07:05 AM
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CIT, a division of First Citizens Bank, announced its Commercial Services business has hired Brian Martin, an experienced banker with broad expertise in factoring and accounts receivable financing, as a Regional Manager leading CIT Commercial...
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June 02, 2022, 07:20 AM
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CIT, a division of First Citizens Bank, announced its Maritime Finance business served as sole lead arranger on up to $30.5 million in financing to expand Lomar Shipping's portfolio of dry bulk vessels.The financing, which will be used to acquire...
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May 25, 2022, 07:16 AM
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CIT, a division of First Citizens Bank, announced its Community Association Banking group has been selected as winner of the "Best B2B Payments Platform" award for C-PropertyPay in the sixth annual FinTech Breakthrough Awards program. The recognition...
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April 28, 2022, 07:03 AM
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First Citizens Bank announced it has hired experienced banker Linda Stanley as a Relationship Manager in its Middle Market Banking business.In this role, Stanley will be responsible for developing, maintaining and expanding client and prospect...
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April 20, 2022, 07:15 AM
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CIT, a division of First Citizens Bank, announced its Capital Equipment Finance business has named Eric Smith as a Business Development Officer serving the West region.Smith, who is based in Greater Seattle, will be responsible for developing...
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April 15, 2022, 07:21 AM
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CIT, a division of First Citizens Bank, announced that its Real Estate Finance business provided a $37.2 million loan to Aminim Group to finance the acquisition of a bulk distribution facility in Pittsburgh, PA.The industrial distribution facility...
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April 14, 2022, 07:00 AM
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CIT, a division of First Citizens Bank, has appointed Geoff Black to the position of Managing Director and Group Head for the Lender Finance business in its Business Capital division. Black, who was also promoted to Senior Vice President, will be...
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April 12, 2022, 07:25 AM
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CIT, a division of First Citizens Bank, announced it is launching a new lending and leasing vertical focused on financing fleet golf cars, turf (grounds care) equipment, utility vehicles and similar equipment.Golf & Turf is part of CIT’s Business...
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March 25, 2022, 07:25 AM
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Businesses are investing in technology to expand online operations and facilitate remote work during the pandemic. But many of those same businesses are also eager to see their employees return to the workplace in greater numbers over the long...
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March 17, 2022, 07:15 AM
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CIT, a division of First Citizens Bank, announced its Power and Energy business served as lead arranger of $50.5 million in financing for construction of Amp’s NY3 assets, a planned portfolio of new community solar installations in New York State.CIT...
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January 24, 2022, 07:15 AM
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First Citizens BancShares Inc., parent company of First-Citizens Bank & Trust Company, announced the completion of its previously announced merger with CIT Group Inc.North Carolina-headquartered First Citizens is now a top 20 U.S. financial...
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January 04, 2022, 07:25 AM
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Matthew “Matt” G.T. Martin has joined First Citizens Bank as Chief Counsel. He is responsible for overseeing the company’s corporate and general bank legal functions, litigation management and advising executive management and its corporate board on...
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July 07, 2021, 07:10 AM
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