About First Citizens Bancshares

First Citizens Bancshares, Inc., through its subsidiary, First Citizens National Bank, provides various commercial banking services to individuals and corporate customer to in the mid-southern United States with a focus in Tennessee. The company’s primary products are checking and savings deposits and residential, commercial and consumer lending. The company has one wholly-owned subsidiary, First Citizens Investments, Inc. The principal activity of First Citizens Investments, Inc. is to acquire and sell investment securities and collect income from the securities portfolio. First Citizens Holdings, Inc., a wholly owned subsidiary of First Citizens Investments, Inc., acquires and sells certain investment securities, collects income from its portfolio, and owns First Citizens Properties, Inc., a real estate investment trust. First Citizens Properties, Inc. is a real estate investment trust organized and existing under the laws of the state of Maryland, the principal activity of which is to invest in participation interests in real estate loans made by the bank and provide it with an alternative vehicle for raising capital. First Citizens Holdings, Inc. owns 100% of the outstanding common stock and 60% of the outstanding preferred stock of First Citizens Properties, Inc. The company has three wholly owned subsidiaries, which are First Citizens (TN) Statutory Trusts III and IV and Southern Heritage Bancshares Statutory Trust I. Loans As of December 31, 2020, the company’s loans included commercial, financial and agricultural loans, real estate – construction loans, real estate – mortgage loans, installment loans to individuals, and all other loans. Securities As of December 31, 2020, the company’s investment securities included U.S. treasury securities and obligations of U.S. government agencies and corporations; and obligations of states and political subdivisions. Deposits As of December 31, 2020, the company’s deposits included time deposits and non-maturity transaction and savings deposits. History First Citizens Bancshares, Inc. was founded in 1889. The company was incorporated in Tennessee in 1982.