Rebranding & Expansion OneWest Bank recently rebranded to First Citizens Bank, signaling an expansion or shift in their strategic focus. This transition may open up new sales opportunities for businesses providing services related to branding, marketing, and integration of technology systems.
Financial Stability & Growth With a reported revenue of over $1 billion, First Citizens Bank demonstrates financial stability and potential for growth. This presents an opportunity for financial service providers, consulting firms, and investment companies seeking partnerships or expansion within the banking industry.
Technological Investment First Citizens Bank utilizes a diverse tech stack including RSA Archer, Azure DevOps, and Veracode, indicating a commitment to technology innovation. Tech companies offering cybersecurity solutions, software development tools, and digital transformation services could find sales prospects by aligning with the bank's technology needs.
Market Positioning Within a competitive landscape of similar banks like City National Bank and Union Bank, First Citizens Bank's position as a larger institution can be leveraged for partnerships or collaborations. Sales professionals can explore offerings that differentiate them in the market and provide added value to a well-established bank like First Citizens.
Regulatory Compliance & Risk Management Considering the use of governance tools like RSA Archer and Veracode, First Citizens Bank emphasizes regulatory compliance and risk management. Companies specializing in compliance software, risk assessment services, and regulatory consulting have an opportunity to engage with the bank to enhance their risk-related capabilities.