First-Citizens Bank & Trust Company

For information concerning OneWest Bank, a division of First-Citizens Bank and Trust online bank, please click here.

First-Citizens Bank & Trust Company ACH Number: 053100300

First-Citizens Bank & Trust Company is an FDIC insured institution headquartered at 239 Fayetteville St, Raleigh, NC 27601.
It was founded in 1898 and has approximately $214 billion in assets. Customers can open an account at one of its 616 branches.

Deposit Rates - February 26, 2024

SAVINGS RATES APY MIN

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 11063
Date Established 1898
Assets $ 213.64 billion
Loans $ 131.63 billion
Deposits $ 146.42 billion
Capital $ 20.41 billion

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 37.36 billion
Interest-bearing balances $ 36.68 billion
Total securities $ 26.74 billion
Federal funds sold and reverse repurchase $ 548.79 million
Net loans and leases $ 131.63 billion
Loan loss allowance $ 1,673.39 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 60.04 million
Goodwill and other intangibles $ 659.11 million
All other assets $ 12.36 billion
     Total Assets $ 193.23 billion

LIABILITIES
Total deposits $ 146.42 billion
      Interest-bearing deposits $ 103.09 billion
      Deposits held in domestic offices $ 146.42 billion
      % insured (estimated) 62.17%
Federal funds purchased and repurchase agreements $ 452.60 million
Trading liabilities N.A.
Other borrowed funds $ 2.70 billion
Subordinated debt $ 584.87 million
All other liabilities $ 3.24 billionn
      Total Liabilities $ 193.23 billion
      Shareholders’ Equity $ 20.41 billion

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 7.29 billion
Total Interest Expense $ 2.46 billion
Net interest income $ 4.83 billion
Provision for loan and lease losses $ 1,126.89 million
Total non interest income $ 11.59 billion
Total non interest expense $ 3.85 billion
Pre-tax Net Operating Income $ 576.31 million

Customer Reviews for First-Citizens Bank & Trust Company (3)

Rated 3.00 stars out of 5 - based on 3 reviews
  • Something changed with CIT. They are offering a higher rate, but funding it by substantially increasing the hold times on transfers out and in. Marcus is terrible with the rates, but I can still get my money in and out fast. I thought CIT was always better. Now, less sure.

  • Sorry, we can not open account for you at this time. ????

  • I just banks by their hold times and this one is out of hand now. Fortunately, they do have a call back option (and they do call back much later). My prior experiences with the bank would lead to a 5-star rating, but I am giving it 4-stars because it does sometimes take hours (even with the call back).


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Branches

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First-Citizens Bank & Trust Company Locations

Savings Comparison

This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.

PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES

Tax Rate: 30%

All calculations are for demonstration purposes only.

  • 1
    ONLINE SAVINGS
    Bank
    -
    $50,000
    N.A.
    0.03%
    0.14x (National Avg. - 0.21%)
    $25
    -
    SCENARIO
    Year Rate
    0.03%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 15 11
    2 50,015 15 11
    3 50,030 15 11
    4 50,045 15 11
    5 50,060 15 11
    6 50,075 15 11
    7 50,090 15 11
    8 50,105 15 11
    9 50,120 15 11
    10 50,135 15 11
    11 50,150 15 11
    12 50,165 15 11
    13 50,180 15 11
    14 50,195 15 11
    15 50,210 15 11
    16 50,225 15 11
    17 50,241 15 11
    18 50,256 15 11
    19 50,271 15 11
    20 50,286 15 11
    TOTAL $301 $211
  • 2
    LOCAL SAVINGS
    Online Bank
    -
    $50,000
    N.A.
    5.10%
    24.29x (National Avg. - 0.21%)
    $0
    -
    SCENARIO
    Year Rate
    5.10%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,550 1,785
    2 52,550 2,680 1,876
    3 55,230 2,817 1,972
    4 58,047 2,960 2,072
    5 61,007 3,111 2,178
    6 64,119 3,270 2,289
    7 67,389 3,437 2,406
    8 70,825 3,612 2,528
    9 74,437 3,796 2,657
    10 78,234 3,990 2,793
    11 82,224 4,193 2,935
    12 86,417 4,407 3,085
    13 90,824 4,632 3,242
    14 95,456 4,868 3,408
    15 100,325 5,117 3,582
    16 105,441 5,378 3,764
    17 110,819 5,652 3,956
    18 116,471 5,940 4,158
    19 122,411 6,243 4,370
    20 128,654 6,561 4,593
    TOTAL $85,215 $59,650