First Citizens Bank Archives

First Citizens Bank Acquires Silicon Valley Bank in Whole Bank Purchase

First Citizens Bank entered into an agreement with the Federal Deposit Insurance Corporation to purchase out of FDIC receivership substantially all loans and certain other assets and assume all customer deposits and certain other liabilities of Silicon Valley Bridge Bank.

March 27, 2023 First Citizens Bank | Frank B. Holding Jr. | Silicon Valley Bank Phil Neuffer

First Citizens Expands Middle-Market Banking Division into Midwest and South-Central US

First Citizens Bank is expanding its middle-market banking group to support the financial needs of midsized businesses in the Midwest and south-central regions of the United States.

March 16, 2023 Brendan Chambers | First Citizens Bank Ian Koplin

First Citizens Bank Provides Financing to Purus Clean Energy

The maritime finance group of First Citizens Bank provided financing to Purus Clean Energy, a subsidiary of Purus Marine, to support the acquisition of the MV Green Power, a 40,000 cbm ammonia carrier.

March 6, 2023 Christian Nolting | Evan Cohen | First Citizens Bank | maritime finance | Purus Marine Ian Koplin

First Citizens Bank Reaches 125 Years in Business

First Citizens Bank celebrated its 125th year in business on March 1. The company will recognize the milestone throughout the year.

March 2, 2023 CIT | First Citizens Bank | Frank Holding | Hope Holding Bryant Ian Koplin

First Citizens Provides $50.3MM for Recapitalization of Medical Office Building Portfolio

First Citizens Bank‘s healthcare finance group, part of the CIT division, provided $50.3 million in financing to Montecito Medical Real Estate to recapitalize a portfolio of medical office buildings.

February 22, 2023 Chip Conk | First Citizens Bank | Steve Reedy | William Douglass Ian Koplin

First Citizens Provides $31.2MM for Acquisition of Cancer Treatment Center in South Carolina

First Citizens Bank’s healthcare finance group, part of the CIT division, provided $31.2 million to Montecito Medical Real Estate to finance the acquisition of a cancer treatment center in Columbia, SC.

February 9, 2023 Chip Conk | First Citizens Bank | Montecito Medical Real Estate | Steve Reedy | William Douglass Ian Koplin

First Citizens Bank Arranges $65.7MM in Financing for Apartment Development

First Citizens Bank’s real estate finance group, part of the CIT division, served as lead arranger on $65.7 million in financing to MainStreet Property Group for the development of The Spark Apartments, a 211-unit, Class A multifamily project in Redmond, WA.

February 3, 2023 Ben Pagliaro | Chris Niederpruem | First Citizens Bank | Jackie Hizzey Ian Koplin

First Citizens Bank Provides $52.4MM to Finance Portfolio of Medical Office Building Properties

First Citizens Bank announced its healthcare finance group, part of the CIT division, provided $52.4 million to affiliates of Kayne Anderson Real Estate and Remedy Medical Properties to finance a portfolio of medical office building properties.

First Citizens Bank Arranges $44.2MM in Debt Financing for Navios Maritime Partners

First Citizens Bank’s maritime finance business, part of the bank’s CIT division, served as sole lead arranger on $44.2 million in debt financing secured by product tankers for Navios Maritime Partners, which will use proceeds from the financing to refinance existing debt.

January 19, 2023 CIT | Eri Tsironi | Evan Cohen | First Citizens Bank | Navios Maritime Partners Ian Koplin

CIT Provides $27.8MM for Acquisition of Medical Office Buildings in Wichita, KS

The healthcare finance business of CIT provided $27.8 million to a joint venture between Kayne Anderson Real Estate and Remedy Medical Properties for the acquisition of a surgical hospital and medical office building portfolio located in Wichita, KS.

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