First Citizens BancShares, Inc.
First Citizens BancShares, Inc. (BancShares) is a financial holding company. The company principally is engaged in the personal banking, business banking and wealth management services through its two wholly owned subsidiaries namely First-Citizens Bank & Trust Company (FCB) and IronStone Bank (ISB). BancShares offers a wide range of financial products and services through its subsidiaries. These products and services include deposit, loans and cash management products, merchant, wealth management services and other products. The subsidiary FCB conducts its banking operations through a net work of 343 branches in North Carolina, West Virginia, Virginia, Maryland and Tennessee. BancShares other subsidiary ISB conducts its banking operations through a net work of 58 branches in Florida, Arizona, California, Colorado, Georgia, Texas, New Mexico, Washington, Oregon and Missouri. The company is headquartered at Raleigh, North Carolina in the US.The company reported revenues of (U.S. Dollars) USD 814.72 million during the fiscal year ended 2008, a decrease of 9.88% from 2007. The operating profit of the company was USD 499.77 million during the fiscal year 2008, an increase of 4.04% over 2007. The net profit of the company was USD 91.06 million during the fiscal year 2008, a decrease of 16.17% from 2007.