First Citizens BancShares, Inc. (BancShares) is a financial holding company. The Company conducts operations through its banking subsidiary, First-Citizens Bank & Trust Company (First Citizens Bank). First Citizens Bank operates around 570 branches in 18 states. The Company provides treasury services products; cardholder and merchant services, and wealth management services, among others. The Company invests the liquidity generated from the funding sources in interest-earning assets, including loans and leases, investment securities and overnight investments. The Company also invests in bank premises, hardware, software, furniture and equipment used to conduct its commercial banking business. BancShares also conducts banking activities through IronStone Bank (ISB), a federally-chartered thrift institution. The Company�s loan portfolio is divided into commercial and non-commercial based on the type of borrower, purpose, collateral, and underlying credit management processes.