NEW YORK — May 7, 2025 — First Citizens Bank today announced that its Healthcare Finance business provided $24.9 million to RX Health & Science Trust and Transwestern Investment Group for the recapitalization of Copper Point, a medical outpatient building located in Phoenix, Arizona.

The two-story multi-tenant facility located adjacent to the Mercy Gilbert Medical Center campus offers a diversified set of medical services including oncology, primary care, physical therapy, pediatrics, dermatology, and laboratory services.

“Copper Point is a solid example of the quality medical office buildings we aim to bring to communities,” said Russell Brenner, President, RX Health & Science Trust. “We appreciate the diligence and expertise of First Citizens Bank’s Healthcare Finance team in creating the right financing solution for this transaction.”

“We are delighted to support RX Health & Science Trust with this financing so they can continue to build their high-quality portfolio of medical office buildings and pursue their growth objectives," said William Douglass, group head for Healthcare Finance.

"This transaction is an example of the deep relationships we foster with our clients that enable us to support them through various business endeavors," said Steve Reedy, a managing director and head of medical office banking in Healthcare Finance.

First Citizens Healthcare Finance provides comprehensive financing and banking solutions to middle market healthcare companies across the U.S. Using a client-focused and industry-centric model, Healthcare Finance can tailor its products and services to help clients meet their needs for growth capital.

About First Citizens Bank
First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in Raleigh, N.C., First Citizens has built a unique legacy of strength, stability and long-term thinking that has spanned generations. First Citizens offers an array of general banking services including a network of branches and offices nationwide; commercial banking expertise delivering best-in-class lending, leasing and other financial services coast to coast; innovation banking serving businesses at every stage; and a nationwide direct bank. Parent company First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial institution with more than $200 billion in assets and a member of the Fortune 500™. Discover more at firstcitizens.com.

MEDIA RELATIONS:
Ella Bristow
212-461-5322
Ella.bristow@firstcitizens.com