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RALEIGH, N.C. – October 15, 2025 – For the third year in a row, First Citizens Bank has been named Super Regional Bank 504 Lender of the Year by the National Association of Development Companies (NADCO).
By partnering with Certified Development Companies (CDCs) on 163 loans and lending more than $292 million in permanent financing to small businesses from August 2024 to August 2025, First Citizens Bank earned the “Super Regional Bank” award from NADCO. This award is presented to the Bank partner with total assets of $100 billion to $500 billion and has provided the highest number of Small Business Administration (SBA) 504 loans. First Citizens Bank will be honored with a NADCO Community Impact Award on October 15th, 2025 for its ongoing commitment to supporting small businesses through SBA loan programs.
“For over a decade our SBA team at First Citizens Bank has been partnering with clients across the country to deliver tailored financing solutions to support both short-term and long-term business needs,” said Adrienne Sipe, Executive Director of SBA Lending, First Citizens Bank. “As strong believers in the power of the SBA 504 program, we are thrilled to receive this recognition of our lending partnership.”
“We are honored to recognize First Citizens Bank with the NADCO Community Impact Award, 2025 Super Regional Bank 504 Lender of the Year,” said Rhonda Pointon, President and CEO of NADCO. “First Citizens Bank’s partnership is critical to advancing the mission of the SBA 504 program. Their commitment and dedication ensure small business owners across the country get the access to capital they need to succeed and make a positive impact in their community.”
With decades of experience working with clients nationwide across multiple industries, First Citizens Bank has a department of 85 specialists supporting its SBA division and offers access to the SBA 7(a), SBA 504 and SBA Express loan programs. Over the last three fiscal years, First Citizens Bank has issued more than $1.5 billion in SBA 504 loans in partnership with CDCs.
“The SBA 504 program plays a vital role in driving economic growth by empowering small businesses to invest in long-term assets, create jobs and contribute to the economic stability of their local community,” said Bill Sommer, Senior Director of SBA Lending, First Citizens Bank.
“We are proud to play a part in supporting the ambitions of entrepreneurs and small business owners at every stage of their growth.”
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 with 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 Contact
Liz Shapiro
Elizabeth.shapiro@firstcitizens.com
Please select the option that best matches your needs.
Customers with account-related questions who aren't enrolled in Digital Banking or who would prefer to talk with someone can call us directly.