1. First Citizens Bank signed a vendor finance agreement with Dynapac North America. 2. Agreement enables financing solutions for road construction equipment purchases. 3. Dynapac aims to improve road construction efficiency through this partnership. 4. First Citizens offers robust equipment financing options to support businesses. 5. FCNCA is a top financial institution with over $200 billion in assets.
The new financing agreement provides a growth avenue for FCNCA, enhancing its service offerings. Success in this vendor program can lead to increased revenue from financing solutions.
The reported agreement signifies FCNCA's strategic move into supporting growing industries like construction, inherently driving more business. A strong partnership with Dynapac can significantly improve future financial outcomes.
Immediate positive effects expected from financing agreements stimulating construction activity. Historical trends show financing expansions usually boost short-term stock performance.
NEW YORK, Nov. 3, 2025 /PRNewswire/ -- Dynapac North America LLC and First Citizens Bank Equipment Finance today announced a new vendor finance agreement that will provide Dynapac customers with leasing and lending solutions to secure new road construction equipment.
Based in Fort Mill, South Carolina, Dynapac is a global manufacturer that designs and produces equipment for road construction and compaction, including asphalt rollers, pavers, feeders, and light equipment. Dynapac is a subsidiary of Fayat Group, a French and international construction and industrial company.
The new agreement with First Citizens Bank will provide Dynapac's dealer network and distributors with financing to buy or lease road-paving equipment to help ensure faster, safer and more cost-effective road construction, maintenance and repair operations.
"Dynapac's compaction and paving solutions enable contractors to achieve high-quality and consistent results," stated Yann Monnet, President and General Manager of Dynapac North America. "Collaborating with First Citizens Equipment Finance allows us to provide more flexible financing options for dealers and customers to acquire the equipment needed to operate and grow their businesses."
"Dynapac is a trusted provider recognized for its engineering quality and robust dealer support," said Harold Ray, who leads the construction group at First Citizens Bank Equipment Finance. "This vendor program allows us to provide its dealer network and distributors with a tailored retail and rental financing program to find the equipment that best fits their needs."
First Citizens Bank's Equipment Finance group empowers original equipment manufacturers, vendors and small and mid-size businesses by providing equipment financing solutions via a distinctive inside/outside sales coverage model, seasoned supporting staff, technology-enabled platforms and market-leading structuring expertise.
About First Citizens Bank
First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in Raleigh, N.C., First Citizens has built a unique legacy of strength, stability and long-term thinking that has spanned generations. First Citizens offers an array of general banking services including a network of branches and offices nationwide; commercial banking expertise delivering best-in-class lending, leasing and other financial services coast to coast; innovation banking serving businesses at every stage; and a nationwide direct bank. Parent company First Citizens BancShares, Inc. (NASDAQ:FCNCA) is a top 20 U.S. financial institution with more than $200 billion in assets and a member of the Fortune 500™. Discover more at firstcitizens.com.
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SOURCE First Citizens Bank