Press release
First Citizens Wealth Expands Support for Entrepreneurs and Business Owners in Fast-Growing Atlanta Market
RALEIGH, N.C., Aug. 1, 2024 /PRNewswire/ -- First Citizens Wealth today announced it is expanding its presence in Atlanta to better support growing demand
About this update from First Citizens Bancshares, Inc.
[{"type":"text","content":"RALEIGH, N.C., Aug. 1, 2024 /PRNewswire/ -- First Citizens Wealth today announced it is expanding its presence in Atlanta to better support growing demand from its core clientele of entrepreneurs and business owners.\n\n \n \n \n \n \n \n\n \nContinued growth is driving the recent addition of a portfolio strategist and the impending additions of a wealth consultant and two private bankers to the First Citizens Wealth team as it expands its capacity to help clients meet their financial objectives.\nThe First Citizens Wealth team in Atlanta specializes in private banking and wealth consulting, with an emphasis on certified exit-planning services for business owners. The team leverages its expertise to assist business owners in evaluating the best ways of transitioning out of their business, which may include transferring to family members, selling to insiders, or selling to a third party.\n\"Atlanta is an exceptional market with an abundance of entrepreneurs and business owners seeking assistance in preserving and growing the value of their enterprise,\" said Michael Wilson, executive vice president and lead executive for First Citizens Wealth.\n\"By expanding our talent and capabilities, we ensure we are ready with the services and guidance needed to help entrepreneurs and business owners reach their financial objectives,\" Wilson added. \"We expect these pending additions to our Atlanta team are only the beginning of its growth trajectory as clients continue to realize the value that our organization offers.\"\nFirst Citizens Wealth serves its clients from three locations in the Atlanta area -- Alpharetta, Duluth and Cumberland. Overall, First Citizens Bank has a presence in 29 locations across Georgia, along with an active middle market banking and commercial lending practice statewide.\n\"We established the First Citizens Wealth team here in Atlanta in early 2020 and have embraced the market with the services and support it needs most,\" said Chad Kidwell, who leads the First Citizens team of wealth consultants, private bankers and portfolio strategists.\n\"First Citizens is a relationship bank with a rich history and a focus on strength, stability and growth,\" Kidwell said. \"We are confident that our services and our expertise can help provide the right answer for entrepreneurs and business owners seeking financial advice a...