# First Citizens Bank

First Citizens Bank is a Bank / Wealth / Trust based in Raleigh, United States.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Raleigh, United States
- **Region:** North America
- **Address:** Raleigh, NC, United States
- **Founded:** 1898
- **Assets under management:** Undisclosed
- **Website:** firstcitizens.com
- **LinkedIn:** https://www.linkedin.com/company/first-citizens-bank

## Regulatory record

- **Reports private funds:** No

## About

First Citizens Bank is a financial institution founded in 1898 in Raleigh, North Carolina. It offers banking, investment, and insurance services to individuals, businesses, and non-profit organizations. Services include checking and savings accounts, credit cards, mortgages, loans, retirement services, and insurance products.

## Sectors

- Financial Services

## People

- Frank B. Holding Jr. — Chairman and CEO

## Questions

### Who runs investment decisions at First Citizens Bank?

Investment and strategic decisions are overseen by Chairman and CEO Frank B. Holding Jr. and the executive leadership team. The bank does not operate a separate chief investment officer role in the family-office sense; rather, asset-liability management, the securities portfolio, and wealth management investment strategy are run through the bank's treasury and trust committees under board governance.

### How is First Citizens Bank related to Silicon Valley Bank?

In March 2023, First Citizens acquired substantially all of Silicon Valley Bank's deposits, loans, and 17 branches from the FDIC, which had taken SVB into receivership. The acquired business now operates as SVB Commercial, a division of First Citizens Bank, focused on technology, life-science, and private-equity clients.

### Is First Citizens Bank family-controlled?

Yes. The Holding family has managed the bank since the 1920s, and current Chairman and CEO Frank B. Holding Jr. represents the fourth generation of family leadership. His sister Hope Holding Connell serves as vice chairwoman, and the family collectively retains a significant minority equity stake in the publicly traded holding company, First Citizens BancShares.

## Related profiles

- [First Citizens Asset Management](https://altss.com/profile/first-citizens-asset-management)
- [First Citizens Wealth](https://altss.com/profile/first-citizens-wealth)

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Last updated: 2026-06-03T20:00:00.000Z

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