Company Directory - First Citizens Bancshares, Inc.
Company Details - First Citizens Bancshares, Inc.

First Citizens Bancshares, Inc.
WebsiteFirst Citizens Bancshares, Inc. is a bank holding company that operates through its subsidiary, First Citizens Bank. It provides a range of financial services including banking, investment, and insurance solutions to individuals, businesses, and institutions. The company is known for its community-focused approach, offering personalized banking experiences and a wide array of financial products.
CCI Score
CCI Score: First Citizens Bancshares, Inc.
9.23
Latest Event
Minimal Political Contributions and No Lobbying in 2024 Cycle
An OpenSecrets profile of First Citizens Bancshares for the 2024 cycle shows a modest contribution of $11,829 and no reported lobbying or outside spending, indicating limited financial influence in political processes.
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OBJECTOR
First Citizens Bancshares, Inc. is currently rated as an Objector.
Latest Events
- FEB062025
An OpenSecrets profile of First Citizens Bancshares for the 2024 cycle shows a modest contribution of $11,829 and no reported lobbying or outside spending, indicating limited financial influence in political processes.
+70
Political Contributions and Lobbying Efforts
April 8
First Citizens Bancshares has demonstrated a low level of political spending, with minimal campaign contributions and an absence of lobbying and outside spending reported. This limited political financial involvement reduces the risk of the company's actions being used to further authoritarian or far‐right agendas, aligning with anti-fascist and democratic norms.
- JAN052024
OpenSecrets data shows that First Citizens Bancshares' PAC raised $97,503 in the 2023-2024 election cycle, with no indication of support for authoritarian agendas.
+0
Political Contributions and Lobbying Efforts
April 8
The report details a modest amount raised by the company’s PAC. There is no evidence linking these contributions to support for far-right or authoritarian candidates, and the transparency provided by the data is consistent with neutral public political behavior.
- DEC312023
OpenSecrets data reveals that First Citizens Bank spent $30,000 on lobbying efforts in 2023, reflecting the bank's active engagement in political lobbying activities.
-20
Political Contributions and Lobbying Efforts
April 8
The bank's expenditure of $30,000 on lobbying, while a common business practice, is concerning from an anti-fascist perspective as it reflects efforts by corporate elites to influence public policy and potentially undermine democratic processes. Corporate lobbying can contribute to undue political influence and the entrenchment of power structures that serve oligarchic interests.
- MAR272023
First Citizens BancShares acquired approximately $72 billion in assets from the failed Silicon Valley Bank following its collapse. Seizing an opportunity in a crisis, the bank transaction included the re-opening of 17 former SVB branches as First-Citizens Bank & Trust Corporation on March 27, 2023, ensuring that all SVB depositors transition to First Citizens. The move is seen as a stabilizing measure intended to protect depositors and maintain continuity in community banking services.
+40
Business Practices and Ethical Responsibility
April 8
By acquiring the assets of a collapsed bank and ensuring the continued operation of branches and depositor services, First Citizens is taking proactive business measures that stabilize the financial system and support community members. This move aligns with ethical business practices aimed at protecting vulnerable depositors amid a financial crisis.
+30
Economic and Structural Influence
April 8
The acquisition contributes positively to economic and structural stability by preventing further market disruption following SVB’s collapse. By assuming these assets, First Citizens not only protects depositors but also fosters a more resilient financial environment that supports community-oriented banking.
- MAR272023
On March 27, 2023, First Citizens Bancshares, Inc. announced its plan to purchase approximately $72 billion of assets from the failed Silicon Valley Bank at a significant discount. This deal, facilitated in coordination with the FDIC to help stabilize the banking system in the wake of recent bank failures, aims to restore confidence among depositors and investors amid widespread financial uncertainty.
+20
Economic and Structural Influence
April 8
The acquisition is designed to stabilize the financial system by preserving depositor funds and calming market fears. By absorbing discounted assets from a failed bank, First Citizens is contributing to systemic stability, which supports community welfare and protects economically vulnerable groups. This positive economic and structural influence is viewed favorably from an anti-fascist, community-oriented perspective.
- JAN012023
FEC data indicates that the First Citizens Bancshares Inc Political Action Committee reported a $10,000 contribution to other committees with no independent or party-coordinated expenditures, covering the period from 2023 to December 31, 2024.
+0
Political Contributions and Lobbying Efforts
April 8
The FEC report shows minimal political financial activity without evidence of backing extremist or authoritarian agendas. While the PAC is active in political contributions, the limited amount and lack of independent expenditures result in a neutral evaluation from an anti-fascist perspective.
- DEC312021Lobbying Spending in 2021
-21.57
First Citizens Bancshares spent $160,000 on lobbying in 2021, as reported by OpenSecrets, indicating its active engagement in shaping public policy through financial influence.
-30
Political Contributions and Lobbying Efforts
April 8
The company's expenditure of $160,000 on lobbying in 2021 demonstrates a commitment to influencing government policy. From an anti-fascist perspective, such corporate political spending can undermine democratic processes by prioritizing business interests over those of the general populace, thereby potentially facilitating authoritarian agendas.
- SEP012019
HUD reached a settlement with First-Citizens Bank & Trust Company over allegations that its predecessor engaged in discriminatory lending practices by denying mortgages to African-American, Latino, and Asian-American applicants at higher rates than white applicants. The settlement includes multiple corrective measures such as fair housing training for employees, hiring specialists focused on diverse lending, and commitments to support community financial education programs.
-50
Business Practices and Ethical Responsibility
April 8
The settlement resolves longstanding issues of discriminatory lending practices that disproportionately harmed marginalized communities. While the remedial measures such as training and community support are steps in the right direction, the initial discriminatory practices indicate a failure in ethical business responsibility, reinforcing systemic inequities that align with authoritarian tendencies in financial exclusion.
First-Citizens Bank & Trust fined by HUD for discriminatory lending
- JUN092016
The U.S. Department of Housing and Urban Development reached an agreement with First-Citizens Bank resolving a long-standing discriminatory lending complaint. Under the settlement, the bank agreed to implement several remedial measures including refraining from unlawful considerations in lending practices, mandating fair lending training for personnel, instituting an independent review process for denied mortgage applications, hiring market specialists to focus on diverse mortgage lending, and sponsoring financial education programs in South Carolina.
+40
Public and Political Behavior
April 8
The bank's proactive cooperation with HUD and the adoption of comprehensive remedial measures to address past discriminatory lending practices represent a positive step in holding the company politically accountable and aligning it with fair housing standards.
HUD, First-Citizens Bank Resolve Discriminatory Lending Complaint
+50
Business Practices and Ethical Responsibility
April 8
The settlement requires the bank to reform its business practices through concrete measures such as fair lending training, objective reviews of mortgage applications, and support for community financial literacy programs, marking a significant improvement in its ethical and business practices.
HUD, First-Citizens Bank Resolve Discriminatory Lending Complaint
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Industries
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- Investment Banking and Securities Dealing
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- Savings Institutions