First Citizens Bancshares Inc Cl A

Business Description

Founded in 1898 and based in Raleigh, North Carolina, First Citizens BancShares is the parent company of First-Citizens Bank & Trust, offering a broad range of financial services to individuals, businesses, and professionals across the United States and beyond. The bank handles everyday banking needs such as deposits, loans, and mortgages, while also providing more specialized services including wealth management, tax planning, and treasury solutions. Its commercial arm supports businesses with leasing, trade financing, and asset management, and a dedicated division serves homeowner associations and property management companies. The company also operates a railcar leasing business, maintaining a large fleet used to transport goods ranging from grain and chemicals to lumber and auto parts.