Expansion of First Citizens Bank’s Middle Market Banking to Serve Northeastern U.S.
First Citizens Bank Expands Middle Market Banking to Serve Northeastern U.S.
RALEIGH, N.C., July 29, 2024 /PRNewswire/ — First Citizens Bank announced today that its Middle Market Banking group is expanding in the Northeastern U.S., bringing 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 experienced continuous growth and has built a high-performing team of banking experts ready to serve clients in various industries nationwide.
The group’s Northeast expansion is supported by recent hires 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 excited to expand our Middle Market Banking business to support clients in the Northeast,” said Brendan Chambers, who leads First Citizens Middle Market Banking. “With a relationship-based approach, deep industry knowledge, and unparalleled product expertise, our dedicated team of middle market bankers is prepared to provide clients with tailored financing solutions at every stage of their business journey.”
This expansion in the Northeast follows earlier geographic expansions in the Midwest and South Central U.S., complementing the bank’s existing strengths in the Carolinas and neighboring regions.
“This latest expansion showcases the valuable services we offer and the talented bankers we have serving clients across our footprint,” Chambers added. “We are thrilled by the continued growth of our business and look forward to assisting middle market companies in the Northeast in achieving their business goals and thriving.”
First Citizens Middle Market Banking has a wealth of experience in providing financial guidance to companies with revenues ranging from $75 million to $1 billion. The group serves a variety of industries and offers services such as 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 lasting financial strength. Headquartered in Raleigh, N.C., First Citizens has a legacy of strength, stability, and long-term thinking that has spanned generations. The bank offers a range of general banking services, commercial banking expertise, innovation banking, and a nationwide direct bank. Parent company First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial institution with over $200 billion in assets.
For media inquiries, contact Lexa Tutela Losey at 212-461-5305 or Lexa.Tutela@firstcitizens.com.
SOURCE First Citizens Bank
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