NasdaqGS:FCNC.ABanks
How Investors Are Reacting To First Citizens BancShares (FCNC.A) US$500 Million Capital Raise and Leadership Shift
Earlier this month, First Citizens BancShares completed a US$500 million fixed-income offering of non-convertible depositary shares and announced the appointment of Lee Erby as the new region head for Northern California at First Citizens Wealth.
The capital raise signals a substantial move to strengthen the company's financial flexibility, while the executive hire aims to expand its presence among high-net-worth and innovation economy clients in Northern California.
With the recent US$500...