So, we're excited about all this growth.įirst Citizens has always supported middle market companies. We've also enlisted some personnel from inside the bank to support this business. In addition, we have recently supplemented our team by recruiting some additional experienced bankers in the Southeastern market. Of course, we've gained some talent through the CIT merger, as CIT had a wealth of middle market banking expertise already in Southern California and part of the Midwest markets. As you may know, we're the largest family- controlled bank in the United States and we are continuing our unique legacy of strength, stability, and long-term thinking that has spanned generations through the evolution of this business. Our focus is on long-term relationships, which is one of the key things that differentiates First Citizens from other banks that operate in this space.
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We have a team of banking professionals with deep expertise, experience, and long-term relationships and we're focused on providing a full suite of banking services to the middle market client base. First Citizens has a very strong presence and long history in the Southeastern market and that is why we've chosen to start our launch in that region. We are initially launching our middle market banking business in the Southeast and we have teams in the Southwest as well. It's obviously something that we are very excited about. It's an honor to work so closely with so many talented people bringing the best financial products and banking expertise to the dynamic businesses that occupy the middle market space. is such an important geographic region for the middle market group?īrendan Chambers: I'm very proud to be leading this effort for First Citizens. First Citizens Middle Market Banking serves clients across North Carolina and neighboring Southeastern states, including Virginia, South Carolina, Georgia and Florida, with a full-suite of banking services including senior secured loans, cash-flow loans, capital markets services, foreign exchange capabilities, asset-based lending and treasury and payments services focusing on middle market clientele with $75 to $750 million in annual revenues.ĪBL Advisor met with Middle Market Banking Executive Brendan Chambers to learn why the bank is expanding in the middle market at this time and how his team will approach the highly competitive middle market banking landscape.ĪBL Advisor: Brendan, please tell us about your role with the bank and why the southeastern region of the U.S. The launch of this unit follows First Citizens' merger in January 2022 with CIT Group.
In early September, First Citizens Bank announced the official launch of its Middle Market Banking unit across the Southeastern U.S.
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