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First-Citizens Bank & Trust Company -- Moody's affirms First-Citizens Bank & Trust Company's ratings (deposits at A1/Prime-1); outlook remains stable

Moody's Investors Service ("Moody's") has today affirmed the ratings of First-Citizens Bank & Trust Company ("First Citizens'"), the operating bank subsidiary of unrated First Citizens BancShares, Inc., a financial holding company based in Raleigh, North Carolina, following the affirmation of the bank's a3 standalone baseline credit assessment (BCA). The bank has deposit ratings of A1/Prime-1, a Baa1 issuer rating and A3/Prime-2 counterparty risk ratings.