Is First Citizens BancShares ($FCNCA) Quietly Engineering a Banking Empire No One Saw Coming?

Their Series of Acquisition and Mergers

FCNCA is not a small entity anymore and part of the reason they grew so much was through consolidation.

Here is a glimpse of that over these years:

1. 2014: Merger with First Financial
2. 2014: Merger with First Citizens Bancorporation
3. 2015: Purchase from FDIC certain assets of Capitol City Bank & Trust (CCBT)
4. 2016: Purchase from FDIC certain assets of First CornerStone Bank of King of Prussia
5. 2016: Purchase from FDIC certain assets of North Milwaukee State Bank of Milwaukee
6. 2016: Merger with Cordia Bancorp
7. 2017: Purchase from FDIC certain assets of Guaranty Bank of Milwaukee
8. 2017: Purchase from FDIC certain assets of Harvest Community Bank of Pennsville
9. 2017: Merger with HomeBancorp
10. 2018: Merger with Palmetto Heritage Bancshares
11. 2018: Merger with Biscayne Bancshares
12. 2018: Merger with Capital Commerce Bancorp
13. 2019: Merger with First South Bancorp
14. 2019: Merger with Entegra Financial Corp
15. 2020: Merger with Community Financial Holding
16. 2020: Merger with CIT Group
17. 2023: Merger with Silicon Valley Bridge Bank

There are a lot of small $10 million to $30 million mergers but none as big as the CIT Group and Silicon Valley Bank size.

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