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First Citizens Bank Announces $16 Billion Community Benefits Plan
First Citizens BankFebruary 22, 2021 GMT
RALEIGH, N.C., Feb. 22, 2021 (GLOBE NEWSWIRE) First Citizens Bank announced today a $16 billion community benefits plan developed in collaboration with the National Community Reinvestment Coalition (NCRC) that builds on its work to reinvest in low- and moderate-income (LMI) communities and neighborhoods of color.
Under this plan, First Citizens Bank would support lending and investing in the areas of affordable housing, small business and community development over a five-year period from 2021-2025, following completion of the proposed merger of First Citizens BancShares, Inc. (“First Citizens”), the parent company of First Citizens Bank, and CIT Group Inc. (“CIT”).
First Citizens, CIT Receive Stockholder Approval For Merger
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RALEIGH, N.C. and NEW YORK, Feb. 9, 2021 /PRNewswire/ First Citizens BancShares, Inc. (NASDAQ: FCNCA) ( First Citizens ), the parent company of First-Citizens Bank & Trust Company, and CIT Group Inc. (NYSE: CIT) ( CIT ), the parent company of CIT Bank, N.A., jointly announced that, at their respective special meetings of stockholders held today, First Citizens and CIT received the stockholder approvals for the merger of the companies.
Both companies are preparing for anticipated completion of the transaction in the second quarter of 2021, subject to satisfaction of customary closing conditions, including receipt of regulatory approvals. The combined company will create the 20
First Citizens Bank expands into Nexton charlestonbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from charlestonbusiness.com Daily Mail and Mail on Sunday newspapers.
From a set of AKA sisters to a group of Republican friends, these women shared their texts (Jonathan Newton/The Washington Post; Lily illustration) Lena Felton
Jan. 20, 2021
Jan. 20 marked an Inauguration Day like no other there was a deluge of security measures because of the Jan. 6 riots at the U.S. Capitol; Donald Trump became the first outgoing president in 152 years to skip his successor’s inauguration; and history was made when Kamala D. Harris, the country’s first female vice president, was sworn in.
But perhaps most obvious difference was that this event took place during a pandemic, one that has killed more than 400,000 Americans. While the event usually has hundreds of thousands of people swarm the nation’s capital, President Biden and Vice President Harris’s inauguration was limited to about 1,000 attendees.
Biliter Joins First Citizens Investor Services as President First Citizens Wealth Management Raleigh, North Carolina, UNITED STATES
RALEIGH, N.C., Dec. 14, 2020 (GLOBE NEWSWIRE) First Citizens Bank announced today that David Biliter has joined the company as president of its registered broker-dealer First Citizens Investor Services, Inc. (FCIS).
In his role as president, Biliter’s responsibilities include the overall management, technology platform oversight and client experience enrichment of a bank broker-dealer with more than 176 associates (about 72 registered advisors) and $10.1 billion in assets under management. He is based at the company’s headquarters in Raleigh, N.C.
“We’re extremely pleased to have David’s extensive background and industry knowledge at FCIS,” said Michael Wilson, First Citizens Wealth Management Executive. “He brings a proven track record of exceptional results. His leadership and talents complement our stron