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, reliable products and services, strong
relationships and long-term thinking," said Frank B. Holding, Jr., chairman and CEO of First
Citizens. "We are proud to join the Fortune 500."
"I thank and congratulate our more than 16,000 associates, whose
accomplishments and dedication have made this possible," he said.
"We look forward to building on this momentum with continued strong
results and sustainable growth for the benefit of all of our
stakeholders."
First Citizens' inclusion in the Fortune 500 list follows a
period of accelerated business growth, most recently through the
acquisition and integration of Silicon Valley Bridge Bank N.A. in
2023. In the process, the bank has steadily expanded its geographic
footprint and its community support activities nationwide.
Over the past year, First Citizens has received other notable
recognitions, including being named in the top 20 on Forbes
magazine's 2024 list of America's Best Banks, ranking among the top
five banks nationally in the Greenwich Excellence and Best Brand
Awards, and being named one of the top 50 financial institution
originators and/or receivers of ACH payments in the nation by the
Nacha Payment Systems Organization.
About First Citizens BancShares
First Citizens
BancShares, Inc. (NASDAQ: FCNCA), a top 20 U.S. financial
institution with more than $200
billion in assets, is the financial holding company for
First-Citizens Bank & Trust Company ("First Citizens Bank").
Headquartered in Raleigh, N.C.,
First Citizens Bank has built a unique legacy of strength,
stability and long-term thinking that has spanned generations.
First Citizens offers an array of general banking services
including a network of more than 500 branches and offices in 30
states; commercial banking expertise delivering best-in-class
lending, leasing and other financial services coast to coast;
innovation banking serving businesses at every stage; personalized
service and resources to help grow and manage wealth; and a
nationwide direct bank. Discover more at firstcitizens.com.
MEDIA RELATIONS:
John M. Moran
212-461-5507
john.moran2@firstcitizens.com
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SOURCE First Citizens BancShares, Inc.
