RALEIGH, N.C.,
July 29,
2024 /PRNewswire/ -- First Citizens Bank today
announced that its Middle Market Banking group is expanding in
the Northeastern U.S., leveraging its deep middle market expertise
to provide a full-suite of financial solutions to midsize
businesses across the region.
Since its launch in 2022, First Citizens Middle Market Banking
has been on a continuous growth trajectory and has cultivated a
high-performing team of banking experts positioned to serve clients
in a wide range of industries nationwide.
The group's Northeast expansion is bolstered by recent hirings
of Boston-based Northeast Market
Executive Nate Pusey and
Managing Director John Tyson, as
well as New York-based Managing
Director Marc Einerman.
"We're pleased to expand our Middle Market Banking business to
support clients in the Northeast," said Brendan Chambers, who leads First Citizens
Middle Market Banking. "Through a relationship-based approach, deep
industry knowledge and unparalleled product expertise, our focused
team of middle market bankers is ready to serve clients with
tailored financing solutions at all stages of their business
journey."
The Northeast expansion adds to earlier geographic expansions in
the Midwest and South Central U.S., which augmented existing
strengths in the Carolinas and adjoining regions.
"This latest expansion demonstrates the valuable services we
provide and the talented bankers we have serving clients across our
footprint," continued Chambers. "We're excited by our business'
continued growth and look forward to helping middle market
companies in the Northeast achieve their business goals and
thrive."
First Citizens Middle Market Banking has extensive experience
providing financial guidance to companies ranging in revenues from
$75 million to $1 billion. The group serves a variety of
industries and provides offerings that include senior secured
loans, cash-flow loans, capital markets services, foreign exchange
capabilities, asset-based lending and treasury and payment
services.
About First Citizens Bank
First Citizens Bank helps
personal, business, commercial and wealth clients build financial
strength that lasts. Headquartered in Raleigh, N.C., First Citizens 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; and
a nationwide direct bank. Parent company First Citizens BancShares,
Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial institution with
more than $200 billion in assets.
Discover more at firstcitizens.com.
MEDIA RELATIONS:
Lexa Tutela
Losey
212-461-5305
Lexa.Tutela@firstcitizens.com
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SOURCE First Citizens Bank