First Citizens Bank of South Carolina

First Citizens Mourns the Passing of Director Floyd Keels

Retrieved on: 
Wednesday, November 1, 2023
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RALEIGH, N.C., Nov. 1, 2023 /PRNewswire/ -- First Citizens BancShares, Inc. (Nasdaq: FCNCA) is deeply saddened to announce the death of Floyd Keels, a longtime member of the company's Board of Directors.

Key Points: 
  • RALEIGH, N.C., Nov. 1, 2023 /PRNewswire/ -- First Citizens BancShares, Inc. (Nasdaq: FCNCA) is deeply saddened to announce the death of Floyd Keels, a longtime member of the company's Board of Directors.
  • The former president and CEO of Santee Electric Cooperative Inc., Mr.
  • Keels has served with distinction on the First Citizens board since 2014.
  • "Floyd was an exceptional leader who generously shared his expertise and business knowledge, as well as his warmth, friendship and sense of humor," said Frank B.

First Citizens Bank Launches 2023 Teen Cancer America Campaign

Retrieved on: 
Wednesday, November 1, 2023
Adolescence, First Citizens Bank of South Carolina, Social media, UNC Lineberger Comprehensive Cancer Center, Ward, TCA, First Citizens BancShares, AYA, Research, Citizenship, National Cancer Institute, Quality of life, University of North Carolina at Charlotte, Duke Cancer Institute, Credit card, Internet, Hospital, Young adult, Atrium Health Wake Forest Baptist, University, Vanderbilt, Cancer, Patient, Birth control, Nursing, Pharmaceutical industry

RALEIGH, N.C., Nov. 1, 2023 /PRNewswire/ -- What if you could help a young person with cancer?

Key Points: 
  • That's the message behind First Citizens Bank's 2023 campaign to raise awareness and money for nonprofit Teen Cancer America (TCA), which develops specialized programs and facilities for teens and young adults with cancer.
  • First Citizens is encouraging everyone to donate to the nonprofit this fall and throughout the holiday season.
  • "By supporting Teen Cancer America, we can make a tremendous difference in the lives of the 90,000 young people diagnosed with cancer each year," said Jeff Ward, First Citizens' chief strategy officer and TCA national board member.
  • First Citizens and TCA recently helped dedicate a new infusion clinic at the N.C. Basnight Cancer Hospital at the University of North Carolina's Lineberger Comprehensive Cancer Center in Chapel Hill, N.C.

Industry Expert, Marc Heenan Joins RCN Capital as New Managing Director of Growth and Strategy

Retrieved on: 
Monday, October 30, 2023
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SOUTH WINDSOR, Conn., Oct. 30, 2023 /PRNewswire/ -- RCN Capital , a leading nationwide private lender specializing in providing financing for real estate investors, has announced that real estate finance industry expert, Marc Heenan will be joining the company as its new Managing Director, Growth and Strategy.

Key Points: 
  • SOUTH WINDSOR, Conn., Oct. 30, 2023 /PRNewswire/ -- RCN Capital , a leading nationwide private lender specializing in providing financing for real estate investors, has announced that real estate finance industry expert, Marc Heenan will be joining the company as its new Managing Director, Growth and Strategy.
  • In his role at RCN Capital, Mr. Heenan will be responsible for evaluating new loan products and leading channel opportunities to propel the company's efforts to provide cutting-edge financing options for real estate investors.
  • Additionally, Mr. Heenan will work to identify and develop new strategic partnerships that benefit RCN and its clients.
  • "I am excited to join RCN Capital, a company that I have long admired for its ability to provide creative financing solutions and best-in-class service to its customers, regardless of market cycle, said Marc Heenan, new Managing Director of Growth and Strategy.

First Citizens Bank Coordinates $672 Million in Financings for Plus Power on Three Battery Storage Projects

Retrieved on: 
Tuesday, October 17, 2023
Clean Energy Finance Corporation, Investment, First Citizens Bank of South Carolina, Energy, Bank, ERCOT, Prejudice plus power, Wind, First Citizens BancShares, Renewable energy

The projects, all supporting the ERCOT grid in Texas, consist of:

Key Points: 
  • The projects, all supporting the ERCOT grid in Texas, consist of:
    Rodeo Ranch Battery Storage, a 300MW / 600MWh facility located in Reeves County, which received $276 million in construction and term financing.
  • Ebony Energy Storage, a 200 MW / 400 MWh facility located in Comal County, northeast of San Antonio, which received $196 million in construction and term financing.
  • Plus Power is a leader in developing, owning and operating energy storage systems.
  • "As a leader in battery energy storage financing, First Citizens Bank was pleased to support Plus Power in arranging financing for these three significant projects," said Mike Lorusso, managing director of First Citizens Bank's Energy group.

First Citizens Bank Extends Its Brand to Legacy CIT Business Verticals

Retrieved on: 
Monday, October 2, 2023
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RALEIGH, N.C., Oct. 2, 2023 /PRNewswire/ -- First Citizens Bank today announced that it is extending its brand to cover numerous commercial business verticals that previously fell under First Citizens' CIT division.

Key Points: 
  • RALEIGH, N.C., Oct. 2, 2023 /PRNewswire/ -- First Citizens Bank today announced that it is extending its brand to cover numerous commercial business verticals that previously fell under First Citizens' CIT division.
  • This effort represents another major step towards First Citizens fully integrating CIT since its 2022 merger.
  • "Over many years, First Citizens Bank has built substantial nationwide recognition for its strength, stability, and banking expertise, combined with deep, long-lasting client relationships," said Jim Hudak, president of the Commercial Finance group.
  • The CIT abbreviation, which stood for Commercial Investment Trust, will remain in use in some corners of First Citizens, such as the CIT Rail division, CIT Commercial Services and the CIT Bank online bank.

Bank of South Carolina Corporation Declares Dividend

Retrieved on: 
Thursday, September 28, 2023
OTCQX, Bank, First Citizens Bank of South Carolina, Holding company, Management

CHARLESTON, S.C., Sept. 28, 2023 /PRNewswire/ -- Today, the Board of Directors of Bank of South Carolina Corporation, (OTCQX: BKSC) the parent company for The Bank of South Carolina, declared a quarterly cash dividend of $0.17 per share to shareholders of record October 10, 2023, payable October 31, 2023.

Key Points: 
  • CHARLESTON, S.C., Sept. 28, 2023 /PRNewswire/ -- Today, the Board of Directors of Bank of South Carolina Corporation, (OTCQX: BKSC) the parent company for The Bank of South Carolina, declared a quarterly cash dividend of $0.17 per share to shareholders of record October 10, 2023, payable October 31, 2023.
  • This represents the 136th quarterly cash dividend paid to shareholders.
  • Fleetwood S. Hassell, President and Chief Executive Officer, stated, "We are pleased to declare for the 136th time a quarterly cash dividend to our shareholders."

CapStar Names Bryan Fryar Chattanooga Market President

Retrieved on: 
Friday, September 22, 2023
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NASHVILLE, Tenn., Sept. 22, 2023 (GLOBE NEWSWIRE) -- CapStar Bank, a subsidiary of CapStar Financial Holdings (NASDAQ: CSTR), announces the promotion of Bryan Fryar to Chattanooga Market President and the addition of two local commercial bankers to the Chattanooga banking group, forming one of the region’s strongest banking teams.

Key Points: 
  • NASHVILLE, Tenn., Sept. 22, 2023 (GLOBE NEWSWIRE) -- CapStar Bank, a subsidiary of CapStar Financial Holdings (NASDAQ: CSTR), announces the promotion of Bryan Fryar to Chattanooga Market President and the addition of two local commercial bankers to the Chattanooga banking group, forming one of the region’s strongest banking teams.
  • “Bryan joined our team in 2021 and his energy, experience and reputation have been vital as we’ve grown our presence in the market,” said Mike Hill, CapStar’s East Tennessee Market President.
  • His previous experience includes financial consulting and investment services at SunTrust and AmSouth Investments in the Chattanooga area.
  • Adam joins CapStar after serving as Head Golf Professional at The Lookout Mountain Club in the greater Chattanooga area for the past 14 years.

OTC Markets Group Welcomes Bank of South Carolina Corporation to OTCQX

Retrieved on: 
Friday, September 15, 2023
OTCQX, Bank, First Citizens Bank of South Carolina, Security (finance)

NEW YORK, Sept. 15, 2023 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Bank of South Carolina Corporation (OTCQX: BKSC), the parent company for The Bank of South Carolina, has qualified to trade on the OTCQX® Best Market.

Key Points: 
  • NEW YORK, Sept. 15, 2023 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Bank of South Carolina Corporation (OTCQX: BKSC), the parent company for The Bank of South Carolina, has qualified to trade on the OTCQX® Best Market.
  • Bank of South Carolina Corporation previously traded on the NASDAQ Capital Market but completed its voluntarily delisting from that exchange on September 14, 2023.
  • Bank of South Carolina Corporation begins trading today on OTCQX under its long-time symbol “BKSC”.
  • Keefe Bruyette & Woods, Inc. acted as Bank of South Carolina Corporation’s OTCQX sponsor.

Bank of South Carolina Corporation Announces Voluntary NASDAQ Delisting and SEC Deregistration

Retrieved on: 
Thursday, August 24, 2023
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CHARLESTON, S.C., Aug. 24, 2023 /PRNewswire/ -- Today, the Board of Directors of Bank of South Carolina Corporation, (NASDAQ: BKSC) (the "Company") the parent company for The Bank of South Carolina (the "Bank"), announced that it has notified the NASDAQ Stock Market of the Company's intent to voluntarily delist its common stock from the NASDAQ Capital Market.

Key Points: 
  • CHARLESTON, S.C., Aug. 24, 2023 /PRNewswire/ -- Today, the Board of Directors of Bank of South Carolina Corporation, (NASDAQ: BKSC) (the "Company") the parent company for The Bank of South Carolina (the "Bank"), announced that it has notified the NASDAQ Stock Market of the Company's intent to voluntarily delist its common stock from the NASDAQ Capital Market.
  • The Company expects the last trading day of its shares of common stock on the NASDAQ Capital Market will be on or about September 14, 2023.
  • As a bank holding company, the Company is eligible to deregister with the SEC because it has fewer than 1,200 shareholders of record.
  • The Bank will also continue to report detailed quarterly financial reports to its primary federal regulator, which are publicly available.

Silicon Valley Bank Appoints Head of Global Payments and Head of Global Digital Solutions

Retrieved on: 
Tuesday, August 22, 2023
Murrell, First Citizens BancShares, University, Amalgamated Bank, Integration, Global Payments, American Express, Silicon Valley Bank, Digital Solutions, First Citizens Bank of South Carolina, LaSalle Bank, McKinsey & Company, Capital One, Silicon, Nuclear physics, Acquisition, SVB, Investment, Risk, Saving, Physics, Bank, Durham University, Cryptocurrency, Sales

SANTA CLARA, Calif., Aug. 22, 2023 /PRNewswire/ --  Silicon Valley Bank (SVB), a division of First Citizens Bank, today announced Martin Murrell has been named Head of Global Payments and Milton Santiago was named Head of Global Digital Solutions. The new leaders will further SVB's commitment to innovative products, client solutions and exceptional client experience.

Key Points: 
  • SANTA CLARA, Calif., Aug. 22, 2023 /PRNewswire/ -- Silicon Valley Bank (SVB), a division of First Citizens Bank, today announced Martin Murrell has been named Head of Global Payments and Milton Santiago was named Head of Global Digital Solutions.
  • As Head of Global Payments, Murrell will lead the teams responsible for SVB's core payments products, including commercial card, merchant services and embedded payments.
  • As Head of Global Digital Solutions, Santiago is responsible for defining SVB's digital strategy and aligning technology investments in support of the strategy.
  • With more than 30 years of digital transformation experience, Santiago has led transformation for several global commercial banks and has founded numerous digital solutions, including CashPro.