Digital Banking

First Citizens Bank announces innovation banking, fund banking

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October 13, 2026

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First Citizens Bank introduced its Innovation Banking division and Fund Banking for private equity and venture capital. The Innovation Banking division aims to serve Silicon Valley, according to a press release.

To coincide with this announcement, it introduced a marketing campaign called "Where Silicon Valley Banks" in print, digital and outdoor spots.

"Silicon Valley is more than just a region in California – it's synonymous with innovation, entrepreneurship and growth," Marc Cadieux, president of First Citizens Innovation Banking, said in the release. "For decades, we have helped founders, entrepreneurs and investors build and scale industry-defining companies. Our business was purpose-built for the innovation economy, and that will continue. While our name has changed, our expertise, relationships and dedication to the innovation economy have not, which is why we are, and will continue to be, where Silicon Valley banks."

This business is part of the former Silicon Valley Bank. In 2023, Silicon Valley Bank collapsed and was acquired by First Citizens Bank.