First Citizens BancShares, Inc. (FCNCA)

Revman International has secured $87 million in expanded funding and banking solutions from First Citizens Bank. This financing includes an increased ABL revolver of $55 million and a new $32 million commercial real estate loan, which will be used to purchase a new distribution facility in Duncan, South Carolina. Revman International, a leading home furnishings company, is leveraging this capital to support its continued growth and expansion.

Members of the Holding/Bryant/Bristow/Brice family group have filed an updated Schedule 13D/A, indicating a beneficial ownership of approximately 24.89% of First Citizens BancShares' (FCNCA) Class A Common Stock as of August 7, 2026. This amendment primarily reflects increased ownership percentages due to issuer share repurchases and other acquisitions and dispositions. The filing also details individual holdings within the family group and their aggregated ownership of Class B Common Stock and Series A Depositary Shares.

First Citizens Bank has launched a new "Working Capital Finance" group, combining its factoring, asset-based lending, supply chain finance, international factoring, and receivables purchasing businesses. This initiative aims to provide middle market companies with an expanded suite of financing and treasury solutions to manage cash flow, increase borrowing capacity, and improve supply chain efficiency. The rebranding of these services, previously operating as CIT Commercial Services, is set to occur in Q4, solidifying First Citizens Bank's role as a comprehensive working capital solutions provider.

First Citizens Bank announced the purchase of two office buildings in San Diego to support its growing presence in Southern California. The buildings, totaling 164,943 square feet, will house First Citizens' Commercial Bank associates and clients, including its Silicon Valley Bank division, which will be rebranded as First Citizens Innovation Banking and First Citizens Fund Banking. This investment reflects the bank's long-term commitment to the San Diego market, where it already has more than 100 associates.

First Citizens Bank announced the purchase of two office buildings in San Diego, totaling 164,943 square feet. This acquisition supports the bank's growing presence in Southern California, particularly for its Commercial Bank associates and clients, including the rebranded First Citizens Innovation Banking and First Citizens Fund Banking divisions. The bank plans to occupy a portion of the space starting in 2029, reflecting a long-term commitment to the San Diego market.