FCNCA News & Events

First Citizens (FCNCA) is exploring acquisition targets that could push it past the $250B asset mark, Lydia Beyoud and Yizhu Wang of Bloomberg reported, citing people familiar with the matter. The bank has reportedly asked advisers to compile a list of potential transactions as it looks to build scale and better absorb rising regulatory and compliance expenses. As part of that review, the company has weighed a possible deal for KeyCorp (KEY), according to sources.

Sonoco Products Company (SON) announced that, Craig Nix, CPA has been appointed to its Board of Directors. Nix serves as Chief Financial Officer of First Citizens BancShares (FCNCA)

Park National (PRK) announced that on February 1, 2026, it successfully completed its previously announced merger transaction with First Citizens Bancshares (FCNCA) through an all-stock transaction. The merger combines two bank subsidiaries - Park National Bank and First Citizens National Bank - and extends Park's presence into the state of Tennessee. "We are excited to begin this next chapter together," said Matthew Miller, CEO and President of Park National Corporation. "With the merger now complete, our combined team is well-positioned to serve more people in meaningful ways. We have long viewed Tennessee as a compelling market, and this expansion aligns perfectly with our growth strategy."