First-Citizens Bank & Trust Company

Headquarters

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

ACH 053100300

Notable Rates	APY	Vs.Others
Savings	0.10%	5.50% →
1-Year CD	N.A.	4.65% →
2-Year CD	N.A.	4.25% →
5-Year CD	N.A.	4.05% →
30-Year Mortgage	N.A.	4.91% →
15-Year Mortgage	N.A.	4.39% →
HELOC	N.A.	0.99% →

Reviewed by MrBond | 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.

Overview
Deposit Rates
Loan Rates
Branches
Climate
Financial Details
FAQs
Reviews

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 $219.69 billion in assets. Customers can open an account at one of its 616 branches.


FDIC Insured	Yes
FDIC Certificate	# 11063
Date Established	1898
Assets	$ 219.69 billion
Loans	$ 137.77 billion
Deposits	$ 151.39 billion
Capital	$ 22.17 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 - December 18, 2024

Your Current Location: Ohio, OH 43085

Savings and Money Market Rates	APY	MIN	MAX
SAV	0.10%	$25	$250,000	Learn More Reviews

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 Reviews

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

Online Savings Rates	APY	MIN	MAX
Platinum Savings	4.55%	$5,000	-	Learn More Reviews

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 Reviews
12 Month CD	0.01%	$500	-	Learn More Reviews
18 Month CD	0.02%	$500	-	Learn More Reviews
24 Month CD	0.05%	$500	-	Learn More Reviews
36 Month CD	0.05%	$500	-	Learn More Reviews
48 Month CD	0.15%	$500	-	Learn More Reviews
60 Month CD	0.15%	$500	-	Learn More Reviews

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	3.00%	$1,000	-	Learn More Reviews
11 Month No Penalty CD	3.50%	$1,000	-	Learn More Reviews
12 Month Term CD	0.30%	$1,000	-	Learn More Reviews
13 Month CD	3.50%	$1,000	-	Learn More Reviews
18 Month Term CD	3.00%	$1,000	-	Learn More Reviews
24 Month Term CD	0.40%	$1,000	-	Learn More Reviews
36 Month Term CD	0.40%	$1,000	-	Learn More Reviews
48 Month Term CD	0.50%	$1,000	-	Learn More Reviews
60 Month Term CD	0.50%	$1,000	-	Learn More Reviews

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.

Learn More

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.

Learn More

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.

CIT Lowers Platinum Savings to 4.85%

Sep 10, 2024

CIT has lowered its platinum savings rate to 4.85% APY, becoming one of the first major online banks to lower its savings rate.

The Platinum Savings rate is available to depositors with over $5,000.

Note: the Platinum Savings rate has been subsequently lowered from this rate.

Loan Rates - December 18, 2024

Your Current Location: Ohio, OH 43085

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 - Ohio 30 Year Fixed Mortgage Rates 2024

Lender	APR	Rate (%)	Monthly Payment	Learn More
NMLS ID: 1835285	6.344%	6.250% 0.50 points $3,203 fees	$1,971	Learn More
NMLS ID: 66247	6.465%	6.375% 1.00 points $3,034 fees	$1,997	Learn More
NMLS ID: 2578474	6.482%	6.375% 0.75 points $3,610 fees	$1,997	Learn More
NMLS ID: 2592312 License#: RM.805266.000	6.623%	6.500% 0.88 points $4,281 fees	$2,023	Learn More

See More Mortgage Rates →

Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender	APR (%)^?	Monthly Payment^?	Learn More
Third Federal Savings and Loan See Table	Intro APR 7.240 % After Intro: 7.240 %	$0	Learn More More Info
Conditions… Variable APR of Prime minus 1.01% in all states. Min loan amount $10,000. Max loan amount $200,000. 30-year term. Annual fee waived for the first year. See conditions for guarantee at thirdfederal.com. Third Federal rate are typically 20% lower than other leaders Guaranteed Lowest Rate No closing costs, prepayment penalties, or minimum draw requirements 10 year draw period
Rate See Table	Intro APR 7.900 % After Intro: 7.900 %	$25,000	Learn More More Info
A Guaranteed Rate HELOC is secured with your home as collateral, whereas personal loans and credit cards are not. To check the rates and terms you qualify for, we will conduct a soft credit pull that will not affect your credit score. However, if you continue and submit an application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit. Approval may be granted in five minutes but is ultimately subject to verification of income and employment, as well as verification that your property is in at least average condition with a property condition report. Five business day funding timeline assumes closing the loan with our remote online notary. Funding timelines may be longer for loans secured by properties located in counties that do not permit recording of e-signatures or that otherwise require an in-person closing. Guaranteed Rate Home Equity Line is an open-end product where the full loan amount (minus lender, broker, third party, and governement fees, as applicable) will be 100% drawn at the time of origination. The initial amount funded at origination will be based on a fixed rate; however, this product contains an additional draw feature. As the borrower repays the balance on the line, the borrower may make additional draws during the draw period. If the borrower elects to make an additional draw, the interest rate for that draw will be set as of the date of the draw and will be based on an Index, which is the Prime Rate published in the Wall Street Journal for the calendar month preceding the date of the additional draw, plus a fixed margin. Accordingly, the fixed rate for any additional draw may be higher than the fixed rate for the initial draw. Apply in 5 minutes, get your money in as fast as 5 days. Digital application experience. Funds directly to your bank account. No in-person appraisal needed.
Achieve Loans See Table	Intro APR 10.625 % After Intro: 10.625 %	$0	Learn More More Info
Home Equity loans are available through our affiliate Achieve Loans (NMLS ID #1810501), Equal Housing Lender. All loan requests are subject to eligibility requirements, application review, loan amount, loan term, and lender approval. Product terms are subject to change at any time. Offers are a line of credit. Loans are not available to residents of all states and available loan terms/fees may vary by state where offered. Line amounts are between $15,000 and $300,000 and are assigned based on product type, debt-to-income ratio, and combined loan-to-value ratio. Minimum 640 credit score applies for debt consolidation requests, minimum 700 applies for cash out requests. Other terms, conditions and restrictions apply. Fixed rate APRs range from 8.75% - 15.00% and are assigned based on underwriting requirements; offer APRs include a .50% discount for automatic payment enrollment (autopay enrollment is not a condition of loan approval). Example: average HELOC is $57,150 with an APR of 12.75% and estimated monthly payment of $951 for a 15-year loan. 10, 15, 20, and 30-year terms available (20 and 30 year terms only available for cash out requests). All terms have a 5-year draw period with the remaining term being a no draw period. Payments are fully amortized during each period and determined on the outstanding principal balance each month. Closing fees range from $750 to $6,685, depending on line amount and state law requirements and typically include origination (3.5% of line amount) and underwriting ($725) fees if allowed by law. Property must be owner-occupied and combined loan-to-value ratio may not exceed 80%, including the new loan request. Property insurance is required and flood insurance may be required if the subject property is located in a flood zone. You must pledge your home as collateral. Contact Achieve Loans for further details. Competitive rates, Pre-qualify in minutes Mortgage Advisors standing by to help find the best solution Flexible terms with fast funding Minimum credit score: 640

See More Home Equity Rates →

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:
Columbus,Ohio

First-Citizens Bank & Trust Company Locations around zip code 43085

Branch	Distance	Map	View Lobby Hours
Marlinton Main	195.16	A	View Lobby Hours
Arbovale Branch	199.99	B	View Lobby Hours
Lewisburg Branch	201.22	C	View Lobby Hours
Fairlea Express Branch	202.10	D	View Lobby Hours
White Sulphur Springs Branch	207.06	E	View Lobby Hours
Clifton Forge Branch	224.23	F	View Lobby Hours
Blacksburg-Harris Teeter Branch	234.22	G	View Lobby Hours
Christiansburg Main	238.68	H	View Lobby Hours
Daleville Botetourt Commons Branch	241.24	I	View Lobby Hours
Salem Main Office Branch	241.57	J	View Lobby Hours
South 11 Branch	242.21	K	View Lobby Hours
Staunton Branch	242.67	L	View Lobby Hours
Roanoke Herberger	243.64	M	View Lobby Hours
Harrisonburg Main Branch	243.65	N	View Lobby Hours
Roanoke Main	246.59	O	View Lobby Hours
Electric Road Branch	247.24	P	View Lobby Hours
Roanoke Mcclanahan Branch	247.27	Q	View Lobby Hours
Vinton Branch	248.53	R	View Lobby Hours
Johnson City Main Office	252.54	S	View Lobby Hours
Galax Plaza Branch	252.68	T	View Lobby Hours
West Jefferson Branch	258.46	U	View Lobby Hours
Bedford Branch	258.62	V	View Lobby Hours
Sparta Branch	259.19	W	View Lobby Hours
2800 Valley Ave Branch	261.04	X	View Lobby Hours
Front Royal Branch	264.84	Y	View Lobby Hours
Old Forest Road Branch	267.11	Z	View Lobby Hours

View Branches Nationwide →

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
5.65%	4.48%

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 June 30, 2024, First-Citizens Bank & Trust Company had $1,293,000,000 in non-current loans and $56,000,000 in owned real estate. To cover these potential losses it had $22,165,000,000 in equity and $1,700,000,000 in loans loss reserves. That gives it a Texas Ratio of 5.65%.

Return on Equity

First-Citizens Bank & Trust Company	U.S. Bank Average
13.51%	10.46%

First-Citizens Bank & Trust Company has a Return on Equity of 13.51% versus the BestCashCow average of 10.46%. 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
10.09%	10.84%

First-Citizens Bank & Trust Company has a Capitalization of 10.09% versus the BestCashCow average of 10.84. 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 June 30, 2024, First-Citizens Bank & Trust Company had assets of $219,685,000,000, loans of $137,773,000,000, and deposits of $151,388,000,000. 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

June 30, 2024

ASSETS
Cash & Balances due from depository institutions	$ 25.86 billion
Interest-bearing balances	$ 25.13 billion
Total securities	$ 37.59 billion
Federal funds sold and reverse repurchase	$ 392.00 million
Net loans and leases	$ 137.77 billion
Loan loss allowance	$ 1,700.00 million
Trading account assets	N.A.
Bank premises and fixed assets	N.A.
Other real estate owned	$ 56.00 million
Goodwill and other intangibles	$ 611.00 million
All other assets	$ 12.36 billion
Total Assets	$ 197.52 billion

LIABILITIES
Total deposits	$ 151.39 billion
Interest-bearing deposits	$ 111.06 billion
Deposits held in domestic offices	$ 151.39 billion
% insured (estimated)	62.63%
Federal funds purchased and repurchase agreements	$ 386.00 million
Trading liabilities	N.A.
Other borrowed funds	$ 2.70 billion
Subordinated debt	$ 550.00 million
All other liabilities	$ 3.24 billion
Total Liabilities	$ 197.52 billion
Shareholders’ Equity	$ 22.17 billion

Summary Income Statement

June 30, 2024

INCOME AND EXPENSES
Total Interest Income	$ 6.22 billion
Total Interest Expense	$ 2.57 billion
Net interest income	$ 3.64 billion
Provision for loan and lease losses	$ 159.00 million
Total non interest income	$ 1,293.00 million
Total non interest expense	$ 2.75 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	10.14		✓
Multifamily Mortgages	1.60		✓
Credit Card Loans	0.21		✓
Consumer Auto Loans	0.97		✓
Small Business Loans	2.84	✓
Construction and Development Loans	2.30		✓
Commercial Real Estate	14.89		✓
Commercial and Industrial Loans	13.76		✓
Farm Loans	0.20		✓

Customer Reviews for First-Citizens Bank & Trust Company

MrBond

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.

Is this review helpful? Yes:0 / No: 0
SJANE39

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!

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702bdr

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.

Is this review helpful? Yes:0 / No: 0

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