First Citizens Bank Unveils New Innovation Banking Division to Drive Growth

First Citizens Bank Unveils New Innovation Banking Division

On October 6, 2026, First Citizens Bank, ranked among the top 20 banks in the United States, announced an exciting new chapter in its history. The bank has officially launched First Citizens Innovation Banking, a division focused on servicing the innovation economy both within the U.S. and internationally. This new launch is a testament to the bank's commitment to fostering growth and innovation in various sectors such as technology and healthcare.

Previously known as the Technology & Healthcare Banking division of Silicon Valley Bank, First Citizens Innovation Banking has been instrumental in supporting innovation-based economies for over four decades. By providing tailored financial solutions along with industry expertise, this division has established a strong reputation for aiding startups, high-growth companies, and investors in navigating the complexities of the market.

Frank Holding, Jr., the Chairman and CEO of First Citizens Bank, expressed his enthusiasm about the launch, stating, "Today marks an exciting milestone as we introduce First Citizens Innovation Banking. We are building on the legacy of Silicon Valley Bank and bringing greater scale and resources to make our platform even stronger. Investing in and strengthening this business remains a priority for First Citizens. We are committed to the innovation economy for the long term, and our clients can count on us to provide leading solutions and insights necessary for their success."

To accompany the official launch, First Citizens Bank has kicked off a significant marketing campaign themed "Where Silicon Valley Banks." This campaign is set to feature prominently across digital, print, and outdoor media in key innovation markets across the nation. The campaign aims to spotlight the bank's commitment to the entrepreneurial spirit synonymous with Silicon Valley.

Marc Cadieux, the President of First Citizens Innovation Banking, highlighted the significance of Silicon Valley in the world of innovation, stating, "Silicon Valley is more than just a region in California – it's synonymous with innovation, entrepreneurship and growth. For decades, we have helped founders, entrepreneurs and investors build and scale industry-defining companies. While our name has changed, our expertise and dedication remain steadfast, ensuring we will continue to be where Silicon Valley banks."

Earlier in the year, First Citizens Bank had announced the transition of its Silicon Valley Bank division into two distinct entities—First Citizens Innovation Banking and First Citizens Fund Banking. Along with this, the Wine Division also adopted the First Citizens Bank name, showcasing its comprehensive transition.

First Citizens Innovation Banking operates in key innovation hubs throughout the United States and is committed to supporting companies on an international scale with their U.S. banking needs. This approach allows the bank to cater to a diverse range of clients, ensuring they have the financial support necessary to break new ground in their respective industries.

First Citizens Bank, headquartered in Raleigh, North Carolina, is a 125-year-old institution. Through a relationship-focused approach, it provides specialized expertise and customized solutions designed to support clients at every step of their financial journey. The bank's parent company, First Citizens BancShares, Inc., is a Fortune 500 organization with over $225 billion in assets, ensuring it possesses the resources to back its ambitious clientele in the competitive innovation sector.

In conclusion, the launch of First Citizens Innovation Banking signifies a robust commitment to the innovation economy, embodying a forward-thinking philosophy that prioritizes growth, partnership, and support for the next generation of industry leaders. As it steps into this new chapter, First Citizens Bank reinforces its role as a key player in fostering creativity and innovation across the financial landscape.