First Citizens Bank Launches New Innovation Banking Brand
PR Newswire•06/10/2026•08:00 ET
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Key Highlights
- ➤First Citizens launches Innovation Banking, formerly Silicon Valley Bank’s Technology & Healthcare Banking division
- ➤First Citizens launches Fund Banking for private equity and venture capital clients
- ➤First Citizens Innovation Banking serves technology, life science and healthcare companies internationally
- ➤First Citizens BancShares (FCNCA) reports more than $225 billion in assets
Expert Statements
Frank Holding, Jr., Chairman and CEO of First Citizens Bank
“Today marks an exciting milestone as we introduce First Citizens Innovation Banking. We are building on the legacy of Silicon Valley Bank and bringing greater scale and resources to make our platform even stronger. Investing in, and strengthening, this business remains a priority for First Citizens. We are committed to the innovation economy for the long term, and, as First Citizens Innovation Banking, we will continue to provide market leading solutions, services and insights our clients rely on to succeed.”
Marc Cadieux, President of First Citizens Innovation Banking
“Silicon Valley is more than just a region in California – it's synonymous with innovation, entrepreneurship and growth. For decades, we have helped founders, entrepreneurs and investors build and scale industry-defining companies. Our business was purpose-built for the innovation economy, and that will continue. While our name has changed, our expertise, relationships and dedication to the innovation economy have not, which is why we are, and will continue to be, where Silicon Valley banks.”
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