First-Citizens Bank & Trust Company

Headquarters

239 Fayetteville St
Raleigh, NC 27601
See all branch locations →

ACH 053100300

Phone 888 323 4732

Notable Rates APY Vs.Others
Savings 0.10% 5.55% →
1-Year CD 0.01% 5.41% →
2-Year CD 0.05% 5.00% →
5-Year CD 0.15% 4.55% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Bank Information

First-Citizens Bank & Trust Company is an FDIC insured institution located in Raleigh, NC. It was founded in 1898 and has approximately $213.62 billion in assets. Customers can open an account at one of its 616 branches.

FDIC Insured Yes
FDIC Certificate # 11063
Date Established 1898
Assets $ 213.62 billion
Loans $ 131.67 billion
Deposits $ 146.08 billion
Capital $ 21.32 billion
 

For a more detailed analysis of First-Citizens Bank & Trust Company's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - April 17, 2024

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
SAV
0.10% $25 $250,000 Learn More
Money Market
0.07% $25,000 $99,999 Learn More
Money Market
0.10% $100,000 $499,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.01% $500 $250,000 Learn More
11 Month CD Special
5.00% $5,000 $250,000 Learn More
12 Month CD
0.01% $500 $250,000 Learn More
18 Mo CD
0.02% $500 $250,000 Learn More
24 Mo CD
0.05% $500 $250,000 Learn More
36 Mo CD
0.05% $500 $250,000 Learn More
48 Mo CD
0.15% $500 $250,000 Learn More
60 Mo CD
0.15% $500 $250,000 Learn More

Int Checking Rates APY MIN MAX
INTCK
0.05% $0 - Learn MoreShow Less

Online Only Savings Rates of OneWest Bank, a division of First-Citizens Bank and Trust

Online Savings Rates APY MIN MAX
Online Savings
0.10% $50 - Learn More

Online Only CD Rates of OneWest Bank, a division of First-Citizens Bank and Trust

Online CD Rates APY MIN MAX
6 Month CD
0.01% $500 - Learn More
12 Month CD
0.01% $500 - Learn More
18 Month CD
0.02% $500 - Learn More
24 Month CD
0.05% $500 - Learn More
36 Month CD
0.05% $500 - Learn More
48 Month CD
0.15% $500 - Learn More
60 Month CD
0.15% $500 - Learn More

Online Only CD Rates of CIT Bank, a division of First-Citizens Bank and Trust

Online CD Rates APY MIN MAX
6 Month Online CD
5.00% $1,000 - Learn More
11 Month No Penalty CD
4.90% $1,000 - Learn More
12 Month Term CD
0.30% $1,000 - Learn More
13 Month CD
4.65% $1,000 - Learn More
18 Month Term CD
4.60% $1,000 - Learn More
24 Month Term CD
0.40% $1,000 - Learn More
36 Month Term CD
0.40% $1,000 - Learn More
48 Month Term CD
0.50% $1,000 - Learn More
60 Month Term CD
0.50% $1,000 - Learn More
Checking Rates APY MIN FEE
Free Checking 0.00% $0 $0.00 Learn MoreShow Less
Premier Checking 0.05% $5,000 $18.00 Learn MoreShow Less
Select Checking 0.00% $1,500 $12.00 Learn MoreShow Less

Bank Online Offers

CIT Has New 2.15% Savings Builder Rate
Oct 5, 2018

CIT has raised its online savings rate to 2.15% today for accounts over $25,000 or for accounts over $100 so long as you also transfer in $100 each month.  Those customers already in CIT money market accounts may be able to convert to this new rate.


CIT Raises Savings Builder Rate to 2.25%
Nov 21, 2018

CIT Bank has raised the rate on its Savings Builder account to 2.25%.   In order to get this rate, depositors must either (a) maintain a $25,000 account balance, or (b) maintain a $100 balance and deposit at least $100 in each monthly observation period.  BestCashCow has rated CIT Bank as a Best Bet for 2019 (read more here).


CIT Raises Savings Builder Rate to 2.45%
Jan 3, 2019

CIT Bank has raised its Savings Builder rate to 2.45%.   The Savings Builder account requires either a $25,000 minimum deposit, but can also be opened with as little as $100 with the rate extended each month that you add over $100 to the account each month.


CIT Bank Lowers Savings Builder
Sep 10, 2019

CIT has lowered its savings builder rate to 2.20% from 2.30%.   The account peaked at 2.45% earlier this year.   It continues to require a $25,000 balance or a $100 monthly deposit.   This Savings Builder account is still more competitive than the savings and money market account rates at most other major online banks.


CIT Money Market Rate Lowered to 1.20% APY
Jun 10, 2020

CIT Bank has lowered its money market rate from 1.30% to 1.20%.


CIT's Money Market Rate is Now 1.06% APY
Jun 25, 2020

CIT has lowered its money market rate to 1.06% APY.   This rate is still higher than the Savings Builder rate which now stands at 1.01% APY.


CIT Money Market Rate Lowered to 1.00% APY
Jul 7, 2020

CIT Bank has lowered its money market rate from 1.06% to 1.00% APY.


CIT Raises Online Money Market Rate to 0.55% APY
Mar 30, 2022

CIT has raised its online money market rate from 0.45% to 0.55% APY.



Loan Rates - April 17, 2024

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for First-Citizens Bank & Trust Company

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
7.463% 7.375%
0.88 points
$2,800 fees
$2,211 Learn More
Neighbors Bank
NMLS ID: 491986

points
fees
Learn More
FHAloans.com
NMLS ID: Not a Lender

points
fees
Learn More
MortgageResearch.com
NMLS ID: Not a Lender

points
fees
Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
7.490 %
$0 Learn More
More Info

Note to First-Citizens Bank & Trust Company
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Branches

First-Citizens Bank & Trust Company branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


First-Citizens Bank & Trust Company Locations



Climate Policy and Initiatives


First-Citizens claims to fund both conventional and renewable energy, and has no policy to favor the latter over the former.

Updated April 3, 2024


Climate Score: C

First-Citizens funds carbon producing installations and pipelines. It seeks to fund renewable energy installations, but has outlined no climate action plan.


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Financial Details

First-Citizens Bank & Trust Company Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First-Citizens Bank & Trust Company. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
First-Citizens Bank & Trust Company U.S. Bank Average
4.99% 3.96%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2024, First-Citizens Bank & Trust Company had $1,092,723,000 in non-current loans and $58,449,000 in owned real estate. To cover these potential losses it had $21,324,217,000 in equity and $1,746,413,000 in loans loss reserves. That gives it a Texas Ratio of 4.99%.

Return on Equity
First-Citizens Bank & Trust Company U.S. Bank Average
63.17% 12.20%

First-Citizens Bank & Trust Company has a Return on Equity of 63.17% versus the BestCashCow average of 12.20%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
First-Citizens Bank & Trust Company U.S. Bank Average
9.98% 10.76%

First-Citizens Bank & Trust Company has a Capitalization of 9.98% versus the BestCashCow average of 10.76. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

First-Citizens Bank & Trust Company Balance Sheet Analysis

As of December 31, 2023, First-Citizens Bank & Trust Company had assets of $213,617,760,000, loans of $131,672,707,000, and deposits of $146,075,591,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2024
ASSETS
Cash & Balances due from depository institutions $ 34.23 billion
Interest-bearing balances $ 33.37 billion
Total securities $ 29.91 billion
Federal funds sold and reverse repurchase $ 473.34 million
Net loans and leases $ 131.67 billion
Loan loss allowance $ 1,746.41 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 58.45 million
Goodwill and other intangibles $ 641.99 million
All other assets $ 12.36 billion
     Total Assets $ 192.29 billion
LIABILITIES
Total deposits $ 146.08 billion
      Interest-bearing deposits $ 106.05 billion
      Deposits held in domestic offices $ 146.07 billion
      % insured (estimated) 63.10%
Federal funds purchased and repurchase agreements $ 484.79 million
Trading liabilities N.A.
Other borrowed funds $ 2.70 billion
Subordinated debt $ 570.80 million
All other liabilities $ 3.24 billion
      Total Liabilities $ 192.29 billion
      Shareholders’ Equity $ 21.32 billion

Summary Income Statement

December 31, 2024
INCOME AND EXPENSES
Total Interest Income $ 10.41 billion
Total Interest Expense $ 3.66 billion
Net interest income $ 6.75 billion
Provision for loan and lease losses $ 1,375.45 million
Total non interest income $ 12.14 billion
Total non interest expense $ 5.34 billion
Pre-tax Net Operating Income $ 576.31 million

Bank Loan Profile?

The top three loan types in First-Citizens Bank & Trust Company’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks, First-Citizens Bank & Trust Company’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 10.61
Multifamily
Mortgages
1.67
Credit Card Loans 0.21
Consumer Auto Loans 1.02
Small Business Loans 2.99
Construction and Development Loans 2.41
Commercial Real Estate 15.58
Commercial and Industrial Loans 14.39
Farm Loans 0.21

Customer Reviews for First-Citizens Bank & Trust Company


  • February 25, 2023 |

    I have been working for this company more than 5 years. I would not recommend any investment with First Citizens Bank. They are the worst performer on the market based on the customer and employee reviews, because all smart people have already left this company. Very poor management, toxic, politic based, cheep environment. Lots of lawsuits with the companies they acquire. They do not maintain quality employees and management only cares about their own bonus. HR does not exist and covers management wrong doing. During my career, I have been volunteering and working hard and doing a great job, may manager was Orlando.Torres. I was never reworded, no promised bonuses. Their politics to keep people scared, instead of rewording for a good job. They changed my remote work from home status to work in the office and without any explanation. They were sending emails to all current employees and asking people on writing positive revues to cover up their chaos. I have been dismissed during taking medical leave on PTO and my PTO has never been paid. Overall, I would not recommend this job to a friend.

  • December 9, 2020 |

    Too bad I can't give a MINUS 10!!! Stay far away!!!! Worst bank ever! Mgr. Carlos was so nasty so I told him to just close my cd and give me the check, he said "Don't give me orders! I'm not your slave"! He gave me an argument about everything! And when I went to another bank with the check, they had to verify check cleared so called that same branch. No answer for 1/2 hour!! And when new bank manager spoke to Carlos next day about confirming the check, his answer was "how long have you been in the banking industry because this is absolutely unnecessary"!!!!! This branch was the University Parkway branch in Lakewood Ranch Florida but I would have nothing to do with any branch! I complained and someone from Tampa called and hardly showed any interest in the way I was treated!!! Carlos should not be dealing with the public!

  • January 29, 2019 |

    Waste of time trying to establish a IRA CD in the Plano office. It is a commercial banking location with no one there who knows the process.


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