Expansion of First Citizens Bank’s Middle Market Banking Group in the Northeastern U.S.
First Citizens Bank Expands Middle Market Banking Group in Northeastern U.S.
RALEIGH, N.C., July 29, 2024 /PRNewswire/ — First Citizens Bank has announced the expansion of its Middle Market Banking group in the Northeastern U.S. The bank is leveraging its deep expertise in the middle market 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 recent expansion in the Northeast is supported by the hiring of key executives, including Nate Pusey as Northeast Market Executive in Boston, John Tyson as Managing Director in Boston, and Marc Einerman as Managing Director in New York.
Brendan Chambers, who leads First Citizens Middle Market Banking, expressed excitement about the expansion, stating, “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.”
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 adjoining regions. Chambers emphasized the bank’s commitment to providing valuable services and supporting middle market companies in achieving their business goals.
First Citizens Middle Market Banking specializes in providing financial guidance to companies with revenues ranging from $75 million to $1 billion. The group offers a range of services, including 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, headquartered in Raleigh, N.C., helps personal, business, commercial, and wealth clients build financial strength that lasts. The bank offers a wide range of banking services and has a network of more than 500 branches and offices in 30 states. Parent company First Citizens BancShares, Inc. is a top 20 U.S. financial institution with over $200 billion in assets.
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SOURCE First Citizens Bank
