Business

First Citizens among '10 best' midsized banks

By Bill Moss, Published: September 22, 2012

Money magazine has named First Citizens one of the 10 Best Banks in America in its October issue, which is on newsstands now.
The Raleigh-based bank was one of four institutions from the midsize category included in the top 10, and the magazine singled out the bank for its good checking account options.

"We're honored to receive this recognition. This accolade is a testament to our company's dedication to providing our customers with the quality financial products and services they want from their bank today," said Frank B. Holding Jr., chairman and chief executive officer of First Citizens Bank. "I especially applaud our associates who work diligently to ensure our clients achieve their business and personal goals and who help to make this bank one of the best in the nation."

The magazine's 10 Best Banks were broken down into three groupings: National Banks (more than $50 billion in deposits), Midsize/Regional and Specialty Accounts. First Citizens is one of four Midsize/Regional top performers.

For its second annual banking survey, Money analyzed banks and looked at data related to deposit size, number of branches, performance in independent customer service studies and checking, savings and CD account terms.

Other national awards or rankings the bank has received are:

• Ninth-place ranking in Forbes 2012 Best Banks in America ranking
• Second-place ranking in the Southeast Region in J.D. Power and Associates' 2012 U.S. Retail Banking Satisfaction Study
• One of two top winners of 2012 Greenwich Excellence Awards for small business and middle market banking
• Superior Five Star Rating from BauerFinancial Inc. of Coral Gables, Fla. (Bauerfinancial.com)

Founded in 1898, First Citizens Bank serves clients at more than 400 offices in 17 states and Washington, D.C., It three branches in Hendersonville including the main branch at 539 N. Main St.