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Overview
First Citizens BancShares is a financial holding company headquartered in Raleigh, North Carolina. It is the largest family-controlled bank in the United States, with a history dating back to 1898. The bank has over 550 branches in 19 states and Washington D.C., with a strong presence in the Southeast and Southwest regions of the country. The company's primary subsidiary, First Citizens Bank, offers a range of banking and financial services, including personal and commercial banking, wealth management, trust and investment services, mortgage lending and insurance. The bank has over $51 billion in assets and is consistently ranked as one of the strongest and most financially stable banks in the country. First Citizens BancShares is known for its conservative and disciplined approach to banking, with a focus on customer service and long-term relationships. The majority of the bank's stock is held by the family of its founders, the Holding family, which has maintained a controlling interest in the company for over a century. The company has a strong commitment to its communities, supporting a variety of charitable organizations and initiatives. It also has a tradition of promoting from within, with many of its senior executives starting as tellers or in other entry-level positions. Overall, First Citizens BancShares has a strong reputation as a reliable and trusted banking institution, with a long track record of success and a commitment to its customers, employees, and communities.
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