North Carolina-based First Citizens BancShares has completed its acquisition of 138 branches across 11 states, deepening its presence in the Midwest and Great Plains regions. The move marks a significant expansion for the bank, which is headquartered in Raleigh.
In other banking news, City National Bank has appointed Chad Lloyd as senior vice president and head of RBC U.S. Mortgage. Additionally, London-based payments processor Checkout.com has launched its U.S. subsidiary in Georgia.
First Citizens BancShares Completes Branch Acquisition
First Citizens BancShares has finalized its purchase of 138 branches spanning 11 states. The acquisition extends the bank’s reach into the Midwest and Great Plains, regions where it previously had a limited presence. The branches were acquired from another financial institution, though the seller was not named in the announcement.
The completion of this deal follows regulatory approvals and is part of First Citizens’ broader strategy to grow its national footprint. The bank now operates a larger network across the United States, with a strengthened position in the central states.
City National Bank Appoints Chad Lloyd to Lead RBC U.S. Mortgage
City National Bank has named Chad Lloyd as senior vice president and head of RBC U.S. Mortgage. In this role, Lloyd will oversee the bank’s mortgage operations in the United States. City National Bank is a subsidiary of Royal Bank of Canada (RBC).
Lloyd brings extensive experience in the mortgage and banking sectors. His appointment is effective immediately, according to the announcement.
Checkout.com Launches U.S. Subsidiary in Georgia
Checkout.com, a London-based payments processor, has established a U.S. subsidiary in Georgia. The new entity will allow the company to expand its payment processing services to American merchants and partners.
The launch of the U.S. subsidiary is part of Checkout.com’s global growth strategy. The company provides online payment solutions and works with businesses to optimize their payment operations.
Other Banking News Roundup
This week’s banking news also includes several other developments:
- First Citizens BancShares completed its acquisition of 138 branches across 11 states.
- City National Bank appointed Chad Lloyd as senior vice president and head of RBC U.S. Mortgage.
- Checkout.com launched its U.S. subsidiary in Georgia.
These stories reflect ongoing consolidation and expansion in the banking and payments industries.