First Citizens Bank & Trust, the wholly owned banking subsidiary of First Citizens BancShares, purchased two office buildings in San Diego in support of the company’s growing presence in the Southern California region. First Citizens plans to occupy a portion of the space in 2029.
The buildings, totaling 164,943 square feet, will include an office designed to support First Citizens’ commercial bank associates and clients, including from its Silicon Valley Bank division, which will soon be rebranded as First Citizens Innovation Banking and First Citizens Fund Banking. First Citizens’ Silicon Valley Bank division has had a presence in the San Diego market for more than 30 years and today First Citizens Bank has more than 100 associates in San Diego with over 1,000 total associates across Southern California.
“San Diego is an important region for our business and this investment reflects our long-term commitment to the market, our clients and these communities,” Peter Bristow, president of First Citizens Bank, said. “We’re excited to expand our presence in San Diego and continue to build strong, meaningful relationships throughout the region.”
