First Citizens Bank's Sponsor Finance business provided a $22.5 million senior debt facility to help refinance and provide acquisition capacity for Standpoint Inc., a leading provider of management services and restoration services to homeowner...
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April 07, 2025, 08:02 AM
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First Citizens Bank's Healthcare Finance business has provided financing to enable a new partnership between Leavitt Equity Partners and Pediatrics Plus, the leading pediatric therapy provider based in Arkansas.Founded in 2002 and headquartered in...
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March 13, 2025, 08:00 AM
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First Citizens Bank's Energy Finance business served as lead arranger on approximately $133 million in financing on behalf of Cypress Creek Renewables to support the development of the Destiny Storage project, a utility-scale, standalone battery...
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March 12, 2025, 07:58 AM
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First Citizens Bank announced that its CIT Commercial Services subsidiary provided a $45 million non-recourse factoring facility to a sponsor-owned, technology-driven logistics services company in the Mountain States region.The transaction was...
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March 11, 2025, 07:59 AM
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First Citizens Bank's Energy Finance business served as lead agent on a $74 million financing of GridStor’s Hidden Lakes Reliability Project, a 220 MW / 440 MWh battery storage project in Galveston County, Texas.GridStor is a developer and operator...
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March 07, 2025, 07:55 AM
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Gambling.com Group Limited, a fast-growing provider of digital marketing services for the global online gambling industry, entered into an amendment to its existing credit facility with Wells Fargo Bank s administrative agent, expanding its total...
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March 04, 2025, 08:08 AM
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First Citizens Bank announced that CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management, provided a $30 million credit facility to Conexwest, a leading provider of new, used, and refurbished shipping containers.Founded...
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February 27, 2025, 08:00 AM
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First Citizens Bank announced that its Middle Market Banking business provided $15.7 million in financing to Raymour & Flanigan, a leading furniture and mattress retailer.Founded in 1947, Raymour & Flanigan is the seventh largest furniture retailer...
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February 25, 2025, 08:04 AM
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First Citizens Bank announced that CIT Commercial Services has provided $100 million in financing to Wiesner Products, a leading designer, importer and distributor of men’s, women’s and children’s apparel and accessories.Located in New York, Wiesner...
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February 24, 2025, 08:00 AM
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First Citizens Bank announced that its Maritime Finance business provided $26 million in financing to Euroseas Ltd., enabling the container shipping company to add a newly built 2,800 TEU Eco containership to its fleet.Euroseas was formed in 2005 and...
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February 12, 2025, 07:47 AM
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First Citizens Bank and Sixth Street announced the launch of Sixty-First Commercial Finance, a new platform managed by First Citizens Institutional Asset Management, LLC and designed to provide flexible capital equipment financing solutions to middle...
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February 06, 2025, 08:16 AM
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First Citizens Bank announced that its Commercial Real Estate business has provided $47.7 million for Aspen College Park, a student housing facility at the University of Maryland in College Park. Owned by an affiliate of GTIS Partners and developed...
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January 30, 2025, 07:29 AM
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First Citizens Bank announced that its Healthcare Finance business has refinanced The Bristal at Wayne, a 158-bed senior housing facility in Wayne, N.J.The borrower is a joint venture affiliate of Chicago-based Harrison Street, one of the leading...
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January 24, 2025, 07:43 AM
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NineDot Energy, a developer of community-scale battery energy storage systems (BESS) in the New York City metro area, closed a $65 million equipment financing transaction led by First Citizens Bank, a leader in renewable energy finance. This...
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January 23, 2025, 08:00 AM
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First Citizens Bank announced that its Healthcare Finance division has provided more than $30 million in financing to Stockdale Capital Partners for its acquisition of medical outpatient buildings in California and Texas.Headquartered in Los Angeles...
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January 10, 2025, 07:00 AM
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TScan Therapeutics, a clinical-stage biotechnology company focused on the development of T cell receptor (TCR)-engineered T cell (TCR-T) therapies for the treatment of patients with cancer, announced that it has entered into a term loan facility with...
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December 24, 2024, 07:50 AM
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Legion Technologies, an innovator in workforce management (WFM), received $50 million in financing from Silicon Valley Bank (SVB), a division of First Citizens Bank. The raise, which brings Legion’s total funding to $195 million, follows a $50...
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December 13, 2024, 08:05 AM
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MoneyLion, a digital ecosystem for consumer finance, successfully closed a $70 million loan facility with Silicon Valley Bank, a division of First-Citizens Bank & Trust Company (“SVB”), to refinance MoneyLion’s existing senior debt and lower its cost...
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November 26, 2024, 08:09 AM
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Pivot Energy ("Pivot"), a leading, national renewable energy provider and independent power producer, announced two transformational financing arrangements, marking a critical step toward establishing innovative and scalable financing facilities....
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November 22, 2024, 08:00 AM
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First Citizens Bank announced that its Healthcare Finance division has closed a $125 million senior credit facility for New Day Healthcare, a market-leading provider of home-based services. The funding will refinance New Day’s existing debt...
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November 21, 2024, 08:15 AM
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Silicon Valley Bank (SVB), a division of First Citizens Bank, provided $35 million in debt financing to Squire Technologies Inc., a leading full-scale management and point of sale (POS) system that helps barbershop owners scale their businesses and...
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November 20, 2024, 08:10 AM
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First Citizens Bank announced that its Energy Finance business introduced a new tax equity investment product to help finance renewable energy projects.
Tax equity products enable qualified investors to reap the benefits of various tax incentives...
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October 31, 2024, 07:51 AM
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First Citizens Bank appointed Michelle Draper to Chief Marketing Officer (CMO). Most recently, Draper served as Chief Marketing and Sales Strategy Officer of Silicon Valley Bank (SVB), a division of First Citizens Bank.In her role serving the First...
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October 18, 2024, 07:50 AM
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DC BLOX, a provider of interconnected data centers, has raised incremental equity capital from its existing and new investors, led by Post Road Group and Bain Capital Credit. The funding will enable the deployment of over $1 billion of total capital...
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October 09, 2024, 07:20 AM
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Lafayette Square USA, a business development company, announced that ING Capital has increased commitments to the hybrid credit facility that closed earlier this year. EverBank and First Citizens Bank will provide additional commitments which will...
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October 02, 2024, 07:00 AM
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First Citizens Bank's Energy Finance business served as co-lead arranger on a $300 million senior secured credit facility for Swift Current Energy, a leading North American clean energy platform.The financing will provide flexible growth capital as...
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September 09, 2024, 07:52 AM
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First Citizens Bank's Healthcare Finance business served as lead arranger of $115 million in financing for the acquisition of eight skilled nursing facilities in Illinois. The borrower is a Midwest-based healthcare real estate investment and...
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September 06, 2024, 07:00 AM
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First Citizens Bank announced that its Energy Finance business served as lead arranger on $145 million in financing on behalf of Linea Energy LLC for the development of advanced renewable energy projects across the U.S. Established in 2002 and...
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September 04, 2024, 07:36 AM
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First Citizens Bank announced that its Asset-Based Lending business served as lead arranger in upsizing the credit facility for SG Credit Partners’ asset-based lending verticals comprised of SG Consumer Products and SG Commercial Finance, which focus...
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September 03, 2024, 10:00 AM
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First Citizens Bank announced that CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management, provided a $45 million revolving credit facility to creative materials distributor, MacPherson's. MacPherson's is the largest...
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August 08, 2024, 08:00 AM
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First Citizens Bank's Middle Market Banking business provided $25 million in financing to F.W. Webb, the largest wholesale distributor of plumbing, heating and industrial products in the Northeastern U.S.The closing of this financing coincides with...
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August 01, 2024, 07:03 AM
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First Citizens Bank announced that its CIT Commercial Services unit provided up to $48 million in financing to Crown Crafts Inc., one of America’s largest producers of infant bedding, toddler bedding, bibs, toys and disposable products. The financing...
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July 31, 2024, 07:50 AM
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First Citizens Bank announced that its Middle Market Banking group is expanding in the Northeastern U.S., leveraging its deep middle market expertise to provide a full-suite of financial solutions to midsize businesses across the region. Since its...
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July 30, 2024, 08:00 AM
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First Citizens Bank announced that Eugene Weissberger has been appointed as a managing director in the Sponsor Finance group, where he will be focused on supporting financial sponsors and family offices in the Midwest and on the West...
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July 26, 2024, 08:00 AM
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First Citizens Bank's Healthcare Finance business provided $24 million to finance the acquisition of a post-acute medical rehabilitation hospital in Tulsa, Oklahoma. The Sanders Trust acquired the PAM Rehabilitation Hospital of Tulsa, a 53-bed...
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July 18, 2024, 07:16 AM
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First Citizens Bank announced that CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management LLC, provided a $40 million revolving credit facility to B&W Fiber Glass Inc., a distributor of fiber glass and manufacturer of...
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July 17, 2024, 08:00 AM
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First Citizens Bank's Commercial Real Estate business provided $52 million in financing to a joint venture between Wheelock Street Capital and Foundry Commercial for the construction of Egret Point Logistics Center in Boynton Beach, Florida. Located...
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June 27, 2024, 07:36 AM
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First Citizens Bank's Maritime Finance business provided a senior secured loan of $22 million to Euroseas Ltd. for the financing for a newbuild 2,800 TEU Eco containership. Formed in 2005, Euroseas is an owner and operator of container carrier...
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June 26, 2024, 07:30 AM
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First Citizens Bank announced that CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management, provided a $35 million revolving line of credit to Network Wireless Solutions, a provider of cable solutions and distributor of...
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June 19, 2024, 07:46 AM
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First Citizens Bank's Energy Finance business served as coordinating lead arranger on $133 million of financing for the new Cranberry Point Energy Storage project planned for Carver, Massachusetts. Cranberry Point is a 150 MW / 300 MWh battery energy...
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June 17, 2024, 07:00 AM
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First Citizens Bank announced that its Middle Market Banking group has named Tao Sung as director and relationship manager in the Los Angeles region. Based in the Santa Monica office, Sung will focus on leading his team to develop new business in the...
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June 17, 2024, 07:00 AM
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First Citizens Bank announced that its Asset-Based Lending business will provide up to $400 million in combined financing to facilitate the investments of WhiteHawk Fund IV and WhiteHawk Evergreen Fund. Both funds are managed by WhiteHawk Capital...
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June 12, 2024, 07:02 AM
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First Citizens Bank announced that CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management, provided a $75 million revolving credit facility to Cisco Equipment Rentals, a Texas-based provider of equipment rentals, new and...
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May 31, 2024, 07:57 AM
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First Citizens Bank's Middle Market Banking business provided $31.5 million in financing to national fashion retailer Jaclyn LLC for the purchase of a newly constructed industrial warehouse and distribution center in Southern California. The...
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May 30, 2024, 07:37 AM
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First Citizens Bank's Commercial Real Estate business served as sole lender on a $74 million senior secured loan to Lonicera Partners on a 23-story, class A multifamily building in Downtown Brooklyn, New York.Located at 310 Livingston Street, the...
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May 29, 2024, 07:33 AM
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First Citizens Bank's Middle Market Banking group named Erik Langeland as a relationship manager and market leader focused on building new business in Northern California.Langeland will be responsible for developing and maintaining a portfolio of...
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May 28, 2024, 07:43 AM
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First Citizens Bank's Commercial Real Estate business provided $24.5 million in construction financing for 121 Commerce Center, a large new industrial property in Grapevine, Texas. The facility will cover more than 272,000 square feet and feature...
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May 20, 2024, 07:30 AM
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First Citizens Bank's Commercial Real Estate business provided $24.5 million in construction financing for 121 Commerce Center, a large new industrial property in Grapevine, Texas. The facility will cover more than 272,000 square feet and feature...
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May 16, 2024, 07:40 AM
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First Citizens Bank's Energy Finance business served as sole bookrunner and co-lead arranger on financings totaling more than $150 million for two Apex Clean Energy ("Apex") battery energy storage projects in Texas. One project, Great Kiskadee...
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May 15, 2024, 07:38 AM
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First Citizens Bank's CIT Commercial Services subsidiary named Don Norman as a vice president and senior portfolio and relationship manager in its Western Region. In his new role, Norman will be responsible for managing a portfolio of clients while...
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May 13, 2024, 07:43 AM
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First Citizens Bank's Healthcare Finance business served as lead arranger for a $260 million loan to refinance a portfolio of 12 skilled nursing facilities in Maryland.The borrower is a Midwest-based healthcare real estate investment and management...
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May 10, 2024, 07:24 AM
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First Citizens Bank announced that its CIT Commercial Services subsidiary has named Jason Goldberg as a regional sales manager dedicated to increasing new business in the Northeast.Goldberg will be responsible for managing a team of business...
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May 09, 2024, 07:45 AM
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First Citizens Wealth launched new enhancements to its Private Investments capabilities that enable qualified clients to invest in growth-oriented opportunities outside of the traditional public securities markets.These new private investments...
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May 09, 2024, 07:21 AM
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First Citizens Bank's Middle Market Banking group has named Sana Moheet as a relationship manager focused on building new business in Texas and the surrounding areas.Moheet will be responsible for establishing and maintaining a portfolio of middle...
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April 29, 2024, 07:48 AM
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First Citizens Bank's Healthcare Finance business provided $58.4 million in financing to Anchor Health Properties for the construction of a 92-bed inpatient rehabilitation facility in Miami, Florida. The 96,000-rentable-square-foot facility with an...
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April 24, 2024, 07:26 AM
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First Citizens Bank's Healthcare Finance business served as sole lender on $50 million in financing for an affiliate of Tristar Realty Group for the refinancing of Ventana Medical Center. The Ventana is a 122,000-square-foot Class A medical office...
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April 19, 2024, 07:37 AM
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HawkEye 360, a leading provider of space-based RF data and analytics, secured $40 million in debt financing from Silicon Valley Bank (SVB), a division of First Citizens Bank, to further its mission of delivering advanced geospatial capabilities. Over...
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April 03, 2024, 07:42 AM
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AvAir, a leading inventory solutions provider for the aviation aftermarket, has announced the successful closure of a new three year syndicated senior credit facility led by HSBC Bank USA. This new facility represents a significant leap forward...
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March 26, 2024, 08:27 AM
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First Citizens Bank announced that its Middle Market Banking business provided $33.5 million in financing to Adams Beverages, a distributor of beer, wine and nonalcoholic beverages to bars, restaurants, grocery stores, package stores and other retail...
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March 12, 2024, 07:30 AM
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First Citizens Bank announced that its Cannabis Banking business provided a $1 million working capital line of credit to MC Nutraceuticals, one of the largest global suppliers of hemp-derived cannabinoids. Founded in 2019, MC Nutraceuticals uses...
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March 06, 2024, 07:22 AM
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First Citizens Bank's Healthcare Finance business provided $37 million to Rethink Healthcare Real Estate to refinance Grandview Physicians Plaza I, a medical office building located in Birmingham, Alabama. The medical office building spans over...
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February 08, 2024, 07:11 AM
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First Citizens Bank provided $22.5 million in financing for the development of a new outpatient surgery center in Orlando, Florida. The center will have six operating rooms and 23 beds and will provide outpatient surgical services in bariatrics...
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February 07, 2024, 07:24 AM
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First Citizens Bank's Healthcare Finance business provided $36.2 million in acquisition financing to Anchor Health Properties to recapitalize three medical office buildings located in Charlotte, North Carolina and Seattle, Washington. Anchor Health...
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January 26, 2024, 07:32 AM
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First Citizens BancShares announced that Gregory L. Smith has joined the company as an executive officer and Chief Information & Operations Officer (CIOO) for BancShares and its subsidiary, First-Citizens Bank & Trust Company ("First Citizens Bank")....
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January 19, 2024, 06:50 AM
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First Citizens Bank's Middle Market Banking group has named April Chow and Marc Einerman as managing directors and relationship managers dedicated to supporting business growth. Chow will serve the Southern California market and will be responsible...
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January 18, 2024, 08:00 AM
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First Citizens Bank's Middle Market Banking business provided $16 million in financing to Raymour & Flanigan for the purchase of an existing furniture showroom in White Plains, New York. Raymour & Flanigan is the seventh largest furniture retailer in...
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January 04, 2024, 07:56 AM
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First Citizens Bank announced that CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management, has provided working capital financing via a revolving line of credit to Winona Foods in Green Bay, Wisconsin.Winona Foods is a...
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December 21, 2023, 07:45 AM
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First Citizens Bank and Jupiter Power announced that First Citizens Bank's Energy Finance business and Jupiter Power have closed on $65.2 million in financing for construction of a 200-megawatt (MW) / 400 megawatt-hour (MWh) battery energy storage...
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December 20, 2023, 07:36 AM
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First Citizens Bank announced that its Equipment Finance business has named Joy Shanks as senior vice president and head of business development dedicated to supporting and growing equipment finance vendor acquisition business. Shanks will be...
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December 18, 2023, 07:08 AM
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First Citizens Bank's Technology, Media and Telecommunications Finance business served as lead arranger of $345 million in financing on behalf of DataBank for construction of a new hyperscale data center in the Atlanta, Georgia, area. A leading...
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December 13, 2023, 07:45 AM
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First Citizens Bank's Healthcare Finance business served as joint lead arranger and joint bookrunner on financing for The Halifax Group's acquisition of the Worldwide Home Care division of Sodexo, a global home care services platform for personal and...
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December 08, 2023, 07:39 AM
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First Citizens Bank announced its Middle Market Banking business provided $10 million in financing to FitLife Brands Inc., a provider of innovative and proprietary nutritional supplements and wellness products, for the strategic acquisition of the...
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December 07, 2023, 07:52 AM
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First Citizens Bank announced that CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management LLC, served as administrative agent on a $75 million revolving credit facility for Stella & Chewy's. Headquartered in Oak Creek...
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December 06, 2023, 08:02 AM
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First Citizens Bank's Middle Market Banking business has named Nathan Pusey as managing director and Northeast market executive and John Tyson as managing director and relationship manager. Both will be based in Boston to support the expansion of...
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December 04, 2023, 08:00 AM
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First Citizens Bank's Asset-Based Lending business, part of the bank’s Commercial Finance group, served as co-collateral agent on $75 million in financing for branded consumer products company Turning Point Brands Inc.Based in Louisville, Kentucky...
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December 01, 2023, 08:00 AM
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Grindr, the world’s largest social network for the LGBTQ community, completed a refinancing via a new $300 million Term Loan A facility and a $50 million Revolving Credit facility. The joint lead arrangers of the transaction are J.P. Morgan, Bank of...
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November 30, 2023, 08:10 AM
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First Citizens Bank's Healthcare Finance business completed two transactions totaling $99.3 million with joint ventures managed by Kayne Anderson Real Estate and Remedy Medical Properties. One joint venture received $75 million in loan proceeds for...
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November 30, 2023, 07:40 AM
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First Citizens Bank announced that its Asset-Based Lending business provided a credit facility to The Stepping Stones Group to accommodate the business’ seasonal working capital needs during the school year. The Stepping Stones Group, a portfolio...
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November 20, 2023, 07:00 AM
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First Citizens Bank announced that its Energy Finance business acted as co-lead arranger on a $250 million financing on behalf of a portfolio of 327MW, 1hr duration battery storage projects developed in California by Middle River Power.First Citizens...
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November 17, 2023, 07:32 AM
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First Citizens Bank announced that its Healthcare Finance business provided $17.5 million in financing to Norvin Healthcare Properties for the acquisition of PAM Health Warm Springs Rehabilitation Hospital located in Northeast San Antonio, Texas. The...
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November 16, 2023, 07:15 AM
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First Citizens Bank announced that its Energy Finance business served as lead agent on a $170 million credit facility for esVolta, a leading developer, owner and operator of utility-scale battery energy storage projects in North America. The facility...
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November 15, 2023, 07:27 AM
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First Citizens Bank announced that its Middle Market Banking business has named Matthew Tollenaer as a managing director and market leader dedicated to originating and cultivating business in Atlanta and the surrounding region.Tollenaer will be...
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November 14, 2023, 07:55 AM
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First Citizens Bank's Commercial Real Estate business provided $44 million in construction financing to Greek Real Estate Partners ('GREP') — a leading New Jersey-based, vertically-integrated real estate firm focused on industrial development — to...
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November 03, 2023, 08:00 AM
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First Citizens Bank announced that its Energy Finance business has served as lead agent on $60 million in financing to Gore Street Energy Storage Fund plc for the development of a 200-megawatt battery storage project located in Imperial County...
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October 25, 2023, 07:40 AM
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First Citizens announced leadership changes in its Community Association Banking business - including naming Nick Mirabal as its new head of Association Banking and expanding the roles of several leaders - to drive continued collaboration and synergy...
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October 20, 2023, 07:00 AM
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First Citizens Bank announced that its CIT Commercial Services subsidiary, a national leader in factoring, credit protection and accounts receivable management solutions, recently closed three major client financing transactions. CIT Commercial...
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October 19, 2023, 07:12 AM
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First Citizens Bank announced that its Energy Finance business has served as coordinating lead arranger on three battery storage project financings for Plus Power, collectively representing $672 million in financing and 700 megawatts (MW) of energy...
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October 18, 2023, 07:20 AM
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Silicon Valley Bank (SVB), a division of First Citizens Bank, provided a debt facility to Harness, a leading software delivery platform provider that was recently recognized on the Forbes 2023 Cloud 100 list. SVB acted as the sole lender on the...
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October 17, 2023, 06:22 AM
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First Citizens Bank is extending its brand to cover numerous commercial business verticals that previously fell under First Citizens' CIT division. This effort represents another major step towards First Citizens fully integrating CIT since its 2022...
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October 03, 2023, 07:05 AM
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First Citizens Bank's Healthcare Finance business, part of the CIT division, provided $29 million to Onicx Group to refinance two medical office buildings located on the campuses of Florida Trinity Hospital and Poinciana Hospital in...
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September 15, 2023, 07:42 AM
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Nearly eight out of 10 small business owners feel a strong degree of confidence that their companies will grow over the next year even amid rocky market conditions, according to a new survey.The ninth annual First Citizens Bank Small Business...
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September 12, 2023, 06:41 AM
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First Citizens Bank announced CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management, provided a $55 million revolving credit facility to National CineMedia to support their emergence from Chapter 11 bankruptcy.National...
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September 08, 2023, 08:00 AM
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First Citizens Bank's Capital Equipment Finance group, part of the CIT division, served as lead arranger on $200 million in financing for New Fortress Energy Inc.Headquartered in New York, New Fortress Energy is a global energy infrastructure company...
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August 30, 2023, 07:33 AM
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First Citizens Bank served as syndication agent, joint lead arranger and joint bookrunner on a $400 million senior credit facility for Alex Lee Inc. The five-year revolving credit facility refinanced existing debt and increased the facility size to...
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August 24, 2023, 07:54 AM
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First Citizens Bank announced that its CIT Commercial Services subsidiary has completed a $6.5 million credit facility with a California-based home furnishings and apparel importer.Under the agreement, CIT Commercial Services will also take the lead...
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August 22, 2023, 07:08 AM
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First Citizens Bank announced that its Middle Market Banking business has named Tony Hurtado as its relationship manager dedicated to cultivating business in Orange County, California. Hurtado will be responsible for establishing and maintaining a...
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August 21, 2023, 07:00 AM
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First Citizens Bank's Healthcare Finance business, part of the CIT division, provided a loan to refinance American House St Petersburg, a senior living community located in St. Petersburg, Florida. The financing was provided to a joint venture...
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August 16, 2023, 07:06 AM
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First Citizens Bank's Middle Market Banking business arranged $58 million in financing for Tanger Houston, an open-air outlet center located in Texas City, serving an attractive Texas metropolitan area."Tanger Outlets is known nationwide for...
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August 02, 2023, 07:00 AM
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First Citizens Bank's Healthcare Finance business, part of the CIT division, provided a $50.3 million loan to a joint venture led by Rethink Healthcare Real Estate to refinance the Medical Pavilion at White Oak, an on campus medical office building...
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August 01, 2023, 07:14 AM
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Settle, a leading cash-flow management platform, secured up to $145 million credit facility with Silicon Valley Bank, a division of First Citizens Bank, increasing their capacity to support high-growth e-commerce and consumer brands and small...
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July 27, 2023, 07:50 AM
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First Citizens Bank's Healthcare Finance group, part of the CIT division, provided $20.5 million toward the acquisition of the Forsyth Physicians Center. The borrower is a joint venture led by Anchor Health Properties. Forsyth Physicians Center is a...
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July 27, 2023, 07:08 AM
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First Citizens Bank's Energy Finance group, part of the CIT division, served as sole lead arranger on $211 million in financing for the 200-megawatt Oak Solar power plant in Gaston, North Carolina. SunEnergy1 LLC, based in Mooresville, North Carolina...
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July 26, 2023, 07:04 AM
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First Citizens Bank announced that its Hemp Business provided a $1 million working capital line of credit to RYJO, parent entity of The Georgia Hemp Company, to help finance a major new promotional initiative.The Georgia Hemp Company currently...
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July 25, 2023, 07:00 AM
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Connectbase secured a $16 million debt facility from Silicon Valley Bank, a division of First Citizens Bank, to be used for growth and market expansion.The news comes on the heels of several major announcements, including the company's first...
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July 19, 2023, 07:47 AM
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First Citizens Bank announced that its Energy Finance group, part of the CIT division, served as the Coordinating Lead Arranger on a $70.4 million construction and term loan financing facility for two standalone battery energy storage projects in...
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July 18, 2023, 07:35 AM
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First Citizens Bank's Real Estate Finance business, a division of CIT, provided $42.2 million in financing to a joint venture between National Resources and Great Point Media for the development of 1050 North Broadway, a new entertainment production...
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July 13, 2023, 07:35 AM
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First Citizens Bank announced that its Maritime Finance business arranged up to $30 million for affiliates of MSea Capital to refinance MR product tankers. MSea Capital founded in 2012 is an international maritime investment and asset manager with...
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July 12, 2023, 07:45 AM
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First Citizens Bank announced its Healthcare Finance business, part of the bank’s CIT division, has named Joe Kernan as its new Relationship Manager. Kernan is based in Pasadena, CA (Los Angeles Metro) supporting healthcare clients in the Western U.S...
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July 06, 2023, 07:39 AM
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First Citizens Bank's Maritime Finance group, part of the CIT division, arranged to provide Nordic Handysize IV AS, a subsidiary of Nordic Hamburg, $10 million to finance two dry bulk ships. Nordic Hamburg is a full-service ship owner and operator...
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June 27, 2023, 07:39 AM
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First Citizens Bank's Real Estate Finance business provided a $19.5 million construction loan for the development of Holbrook Logistics Center in Long Island, N.Y. The borrower, an affiliate of Eagle Cliff Real Estate Partners, is building a new...
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June 22, 2023, 07:30 AM
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First Citizens Bank's Maritime Finance group, part of the CIT division, has successfully completed the acquisition of $123 million of Greek shipping loans, sharply increasing the bank’s maritime financings for clients in Greece.The loan portfolio...
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June 21, 2023, 07:45 AM
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Augmedix, a healthcare technology company that delivers industry-leading ambient medical documentation, amended its existing senior secured term loan facility with Silicon Valley Bank (“SVB”), a division of First Citizens Bank, which may extend the...
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June 14, 2023, 08:05 AM
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Great Rock Capital announced the upsize of its leverage facility with KeyBank. The leverage facility agented by KeyBank provides over $450 million of capital and includes the recent additions of new lending partners First Citizens Bank, Regions Bank...
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June 14, 2023, 07:55 AM
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First Citizens Bank announced that Marc Cadieux, a 30-year veteran of Silicon Valley Bank (SVB), has been appointed President of Silicon Valley Bank's commercial banking business. Based in the California Bay Area, Cadieux leads an SVB Commercial team...
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June 08, 2023, 08:02 AM
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First Citizens Bank announced Marc Heller has been promoted to the position of Vice Chairman of CIT Commercial Services, a subsidiary of First Citizens Bank, and that Michael Hudgens has been promoted to the role of CIT Commercial Services President...
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June 08, 2023, 08:00 AM
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First Citizens Bank's Asset-Based Lending group, part of the CIT division, has provided a revolving credit facility to Signature Brands.Headquartered in Ocala, Florida, Signature Brands is a leading provider of dessert decoration and seasonal...
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June 07, 2023, 07:35 AM
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First Citizens Bank named noted commercial banking executive Jim Hudak as president of its CIT Commercial Finance group, a division of First Citizens Bank, effective immediately. With more than 20 years as a commercial finance executive, Hudak is...
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June 06, 2023, 08:00 AM
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Reuters reported that First Citizens BancShares, which acquired Silicon Valley Bank, is suing HSBC Holdings PLC accusing it of poaching more than 40 employees in order to launch its own U.S. venture banking business. In the lawsuit, First Citizens...
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May 23, 2023, 07:30 AM
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First Citizens Bank announced that CIT Northbridge Credit, as advised by CIT Asset Management, has provided $45 million to refinance and upsize a secured credit facility for Tubular Synergy Group LP, a privately held sales, marketing and supply chain...
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May 23, 2023, 07:00 AM
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First Citizens Bank announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, has provided $40 million in financing for Tronair, a leader in the manufacturing of ground support equipment, aftermarket replacement parts and...
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May 19, 2023, 07:48 AM
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First Citizens Bank announced that its Healthcare Finance group, part of the CIT division, provided $30 million to refinance the Amavida Living Community in Fort Myers, Florida. Amavida is a 387-unit senior housing community consisting of 251...
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May 18, 2023, 07:30 AM
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J.Jill completed the refinancing of its Asset-Based Revolving Credit Facility, which was previously set to expire in May 2024. The new facility comes in the form of the sixth amendment to the ABL Credit Agreement with CIT, a division of First...
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May 12, 2023, 07:58 AM
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CIT Commercial Services, a subsidiary of First Citizens Bank, announced leadership changes as it continues to align its business to support clients and future growth. Tom Fingleton, who has served as Northeast regional manager since March 2019, has...
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May 09, 2023, 07:47 AM
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Flux Power Holdings, a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, has renewed the available credit under its existing facility with Silicon Valley Bank, a division of First...
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April 28, 2023, 07:50 AM
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First Citizens Bank's Middle Market Banking business provided $16 million in financing to FitLife Brands, Inc., a provider of innovative and proprietary nutritional supplements headquartered in Omaha, Nebraska.The financing includes a $12.5 million...
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April 28, 2023, 06:40 AM
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First Citizens Bank announced that its Real Estate Finance group, part of the CIT division, provided a $48 million senior secured loan to finance the acquisition of the Dunson Grove apartment community in Davenport, Florida. The property consists of...
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April 20, 2023, 07:40 AM
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First Citizens Bank announced its Healthcare Finance group, part of the CIT division, has provided $44.2 million to affiliates of Kayne Anderson Real Estate and Remedy Medical Properties to finance a portfolio of medical office building...
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March 31, 2023, 07:46 AM
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First-Citizens Bank & Trust Company, a subsidiary of Raleigh-headquartered First Citizens BancShares, Inc. entered into an agreement with the Federal Deposit Insurance Corporation (FDIC) to purchase out of FDIC receivership substantially all loans...
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March 27, 2023, 08:00 AM
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First Citizens Bank announced that its Middle Market Banking group is expanding yet again – this time to better support the financial needs and goals of midsize businesses in the Midwest and South Central U.S. First Citizens Middle Market Banking has...
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March 15, 2023, 07:50 AM
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First Citizens Bank announced that its Maritime Finance group, part of the CIT division, provided financing to Purus Clean Energy, a subsidiary of Purus Marine, to support the acquisition of the MV Green Power, a 40,000 cbm ammonia carrier. Purus...
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March 03, 2023, 07:33 AM
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On March 1, First Citizens Bank celebrated its 125th year of delivering long-term value and excellent service to clients and strong results to shareholders. First Citizens is recognizing this significant service milestone with a celebration...
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March 02, 2023, 07:39 AM
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First Citizens Bank announced that its Healthcare Finance group, part of the CIT division, provided $50.3 million in financing to Montecito Medical Real Estate to recapitalize a portfolio of medical office buildings. The portfolio consists of an...
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February 23, 2023, 07:08 AM
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CIT Commercial Services, a wholly-owned subsidiary of First Citizens Bank, closed a non-recourse factoring arrangement and $8 million senior secured facility for a Los Angeles-based company that sells men's and boys' clothing to retailers. CIT worked...
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February 16, 2023, 07:35 AM
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First Citizens Bank announced that its Healthcare Finance group, part of the CIT division, provided $31.2 million to Montecito Medical Real Estate to finance the acquisition of a cancer treatment center in Columbia, South Carolina. The treatment...
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February 09, 2023, 07:36 AM
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First Citizens Bank announced its Middle Market Banking business is launching a business-focused webinar series to provide a range of expert insight to owners, executives, service providers and others engaged with middle market companies.The first...
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February 08, 2023, 07:13 AM
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First Citizens Bank announced that its Real Estate Finance group, part of the CIT division, served as lead arranger on $65.7 million in financing to MainStreet Property Group for the development of The Spark Apartments, a 211-unit, Class A...
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February 03, 2023, 07:48 AM
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First Citizens Bank announced that its Healthcare Finance group, part of the CIT division, has provided $52.4 million to affiliates of Kayne Anderson Real Estate and Remedy Medical Properties to finance a portfolio of medical office building...
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February 01, 2023, 07:12 AM
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First Citizens Bank announced that its Maritime Finance group, part of the CIT division, served as sole lead arranger on $44.2 million in debt financing for Navios Maritime Partners L.P. ("Navios Partners"). Proceeds from the financing, which is...
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January 19, 2023, 07:50 AM
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First Citizens Bank announced that its Middle Market Banking business provided a total of $65.8 million in senior secured financing for affiliates of Morningstar Properties, a leading investor in and operator of self-storage facilities, marinas, and...
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January 12, 2023, 07:43 AM
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First Citizens Bank announced that its CIT Bank division has completed its conversion of its branches to First Citizens’ operations and systems. This conversion integrates CIT Bank branch customer accounts into First Citizens products and...
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November 15, 2022, 07:10 AM
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First Citizens Bank announced that its Middle Market Banking business provided $19 million in financing to Truckee-Tahoe Lumber Company to provide support for their expanding business operations. Headquartered in Reno, Nevada, Truckee-Tahoe Lumber...
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October 14, 2022, 07:49 AM
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First Citizens Bank announced that James Ligman has joined as a managing director in its Middle Market Banking business to lead expansion efforts in the Orange County and Inland Empire regions.In this role, Ligman will be responsible for developing...
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October 14, 2022, 07:45 AM
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First Citizens Bank announced the expansion of its Middle Market Banking unit to support the financial needs and goals of midsize businesses across Southern California and the Southwest region. The expansion follows the official launch of First...
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October 12, 2022, 08:02 AM
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First Citizens Bank announced the official launch of its Middle Market Banking unit to support the financial needs and goals of midsize businesses across the Southeastern U.S. Headquartered in Charlotte, First Citizens Middle Market Banking is now...
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September 06, 2022, 08:10 AM
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First Citizens Bank announced that its Middle Market Banking business provided a $60 million loan to Bahakel Communications to refinance existing debt and help finance future growth opportunities. Bahakel Communications is a family owned-and-operated...
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May 11, 2022, 07:40 AM
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First Citizens Bank announced that its Middle Market Banking business provided up to $50 million as a senior secured line of credit to an affiliate of Morningstar Properties, a leading investor in and operator of self-storage facilities. The line of...
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May 05, 2022, 07:35 AM
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First Citizens Bank hired experienced banker Linda Stanley as a relationship manager in its Middle Market Banking business.In this role, Stanley will be responsible for developing, maintaining and expanding client and prospect relationships in the...
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April 20, 2022, 07:55 AM
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CIT, a division of First Citizens Bank, announced that CIT Northbridge Credit, as advised by CIT Asset Management, served as sole lead arranger on a $20 million senior lending facility for Davey Coach Holdings, a portfolio company of Progress Equity...
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February 15, 2022, 08:05 AM
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CIT, a division of First Citizens Bank, announced that its Real Estate Finance business provided financing for the acquisition of the Morada Plano Apartments in Plano, Texas.Built in 2019 and 2020, the Morada Plano Apartments is a 183-unit...
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February 11, 2022, 07:00 AM
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CIT, a division of First Citizens Bank, announced that its Asset-Based Lending business served as sole lender on a $35 million senior secured credit facility for D.P. Nicoli Inc.D.P. Nicoli is a leading provider of trench shoring rental equipment to...
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February 03, 2022, 07:38 AM
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CIT, a division of First Citizens Bank, announced that its Asset-Based Lending business arranged a senior secured credit facility for FPA WhiteHawk III-Plus Master Fund L.P. to facilitate the Fund's investments. The FPA WhiteHawk Fund seeks to earn...
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January 26, 2022, 07:53 AM
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CIT, a division of First Citizens Bank, announced its Aerospace, Defense and Government business provided financing for seven leased helicopters managed by Thora Capital.The helicopters, used for emergency medical transport services, are on long-term...
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January 13, 2022, 07:15 AM
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First Citizens BancShares, parent company of First-Citizens Bank & Trust Company announced completion of its previously announced merger with CIT Group. North Carolina-headquartered First Citizens is now a top 20 U.S. financial institution (based on...
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January 04, 2022, 08:00 AM
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First Citizens BancShares, the parent company of First-Citizens Bank & Trust Company, and CIT Group the parent company of CIT Bank, jointly announced that their previous proposal to merge the two companies has received approval from the Board of...
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December 20, 2021, 07:47 AM
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First Citizens BancShares, the parent company of First-Citizens Bank & Trust Company, and CIT Group, the parent company of CIT Bank, jointly announced that the two companies have agreed to extend the merger agreement from October 15, 2021, to March 1...
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October 01, 2021, 08:00 AM
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First Citizens BancShares Inc., the parent company of First-Citizens Bank & Trust Company, and CIT Group Inc., the parent company of CIT Bank, N.A., jointly announced the proposal to merge the two companies has received regulatory approval from the...
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July 15, 2021, 08:01 AM
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First Citizens BancShares, Inc., the parent company of First-Citizens Bank & Trust Company, and CIT Group Inc., the parent company of CIT Bank, N.A., jointly announced they have entered into a definitive agreement under which the companies will...
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October 16, 2020, 08:33 AM
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United Capital Funding Corp.announced the hiring of Tom Musante as a senior business development officer.
Musante will lead and manage United Capital Funding’s Charlotte Regional office. Tom has 30 years of experience in the factoring and...
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October 22, 2013, 07:14 AM
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