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First Citizens Bank Commits $2 Million to Support Relief Efforts for Southern California Wildfires

1. First Citizens Bank commits $2 million for wildfire relief efforts. 2. Support includes aid for associates affected by Southern California wildfires. 3. Bank emphasizes support for revitalization of impacted communities in the region.

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Why Bullish?

The donation enhances community reputation and customer loyalty, positive for stock outlook.

How important is it?

The article shows corporate responsibility which can positively influence company image and stock stability.

Why Long Term?

Long-term support can strengthen community ties and customer relations over time.

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FCNCA
, /PRNewswire/ -- First Citizens Bank announced today that it has committed $2 million in donations and financial support to aid in critical humanitarian and small business relief efforts for those impacted by the Southern California wildfires.  This commitment is intended to bolster the mobilization of resources to impacted areas through a variety of organizations and support the longer-term revitalization and stabilization of the region. In addition, a portion will directly benefit the immediate and ongoing needs of First Citizens associates who have been impacted by the wildfire devastation. "Southern California is home to more than 1,000 of our associates, and we have 30 branches and offices in the region serving clients across our company," said Frank B. Holding, Jr., chairman and CEO at First Citizens Bank. "The impact of the wildfires has been devastating for many of our customers, colleagues and community members, and we assure them that they have our support now and in the days, months and years to come." Bank associates continue to work with customers to understand their needs and develop flexible solutions to support their recovery. For more information on First Citizens' commitment to supporting communities affected by the wildfires, visit Southern California Wildfires Relief on firstcitizens.com. About First Citizens BankFirst 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 more than 500 branches and offices in 30 states; 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. MEDIA RELATIONS:Name: Angela EnglishPhone: 803-931-1854Email: [email protected]  SOURCE First Citizens BancShares, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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