First-Citizens Bank & Trust Company
First-Citizens Bank and Trust Company is a North Carolina-based commercial bank founded in 1898, offering comprehensive personal banking, business banking, trust, investment, and wealth management services nationwide.
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Data source: SBA 7(a) FOIA loan-level data, covering activity through June 30, 2026 across the trailing 3 years (45 loan records for this lender). Refreshed quarterly from public loan-level records; figures are not supplied or reviewed by the lender.
First-Citizens Bank & Trust Company ranks #52 of 564 SBA 7(a) lenders nationally by acquisition-loan volume.
Most of First-Citizens Bank & Trust Company’s 7(a) acquisition lending falls in the $500K-$1M range: 16 loans, 35.6% of the portfolio.
| Loan size | Share of loans | Loans | % of portfolio |
|---|---|---|---|
| $0-$500K | 3 | 6.7% | |
| $500K-$1M | 16 | 35.6% | |
| $1M-$2M | 13 | 28.9% | |
| $2M-$3M | 3 | 6.7% | |
| $3M-$4M | 4 | 8.9% | |
| $4M-$5M | 6 | 13.3% |
Industries with highest loan volume
Landscaping Services
3
loans
$676K
avg. amount
Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance
3
loans
$1.1M
avg. amount
General Automotive Repair
2
loans
$1.1M
avg. amount
Computer Facilities Management Services
2
loans
$1.1M
avg. amount
Offices of Mental Health Practitioners (except Physicians)
2
loans
$1.4M
avg. amount
Full-Service Restaurants
2
loans
$1.9M
avg. amount
Marketing Consulting Services
2
loans
$2.0M
avg. amount
Bowling Centers
1
loans
$2.9M
avg. amount
Water Supply and Irrigation Systems
1
loans
$961K
avg. amount
Child Care Services
1
loans
$1.7M
avg. amount
10-Year
2.2%
Percentile Ranking
89th
89th percentile
First-Citizens Bank & Trust Company’s median variable rate is + 2.00%, against a market median of Prime + 1.88%, 13 above market.
It priced below the market median in 4 of the last 8 quarters. 9 of the 45 loans in its trailing three-year book carried a fixed rate; the rest were variable.
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 1.92% |
| $500K-$1M | Prime + 2.04% |
| $1M-$2M | Prime + 1.97% |
| $2M-$3M | Prime + 1.50% |
| $3M-$4M | Prime + 2.50% |
| $4M-$5M | Prime + 2.38% |
over at time of loan origination
| Quarter | This lender | Market median | Market range | Loans |
|---|---|---|---|---|
| Q3 '22 | Prime + 1.00% | Prime + 1.75% | Prime + 1.25% – Prime + 2.25% | 3 |
| Q3 '24 | Prime + 1.50% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 3 |
| Q4 '24 | Prime + 2.50% | Prime + 2.25% | Prime + 1.50% – Prime + 2.75% | 6 |
| Q2 '25 | Prime + 1.50% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 3 |
| Q3 '25 | Prime + 1.88% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 6 |
| Q4 '25 | Prime + 2.25% | Prime + 2.25% | Prime + 1.67% – Prime + 2.75% | 6 |
| Q1 '26 | Prime + 2.50% | Prime + 2.00% | Prime + 1.50% – Prime + 2.50% | 3 |
| Q2 '26 | Prime + 2.00% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 3 |
First-Citizens Bank & Trust Company has originated 7(a) acquisition loans in 13 states, most actively in North Carolina (8), South Carolina (8) and Florida (7). Darker states on the map carry more volume.
| State | Loans | % of Total |
|---|---|---|
| North Carolina | 8 | 17.8% |
| South Carolina | 8 | 17.8% |
| Florida | 7 | 15.6% |
| Virginia | 5 | 11.1% |
| California | 4 | 8.9% |
| Georgia | 3 | 6.7% |
| Texas | 2 | 4.4% |
| Massachusetts | 2 | 4.4% |
| Washington | 2 | 4.4% |
| Kansas | 1 | 2.2% |
| Nevada | 1 | 2.2% |
| Maryland | 1 | 2.2% |
| Tennessee | 1 | 2.2% |
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