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What is the largest family-owned bank in the US?

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What is the largest family-owned bank in the US?

First Citizens Bank is a family-owned bank founded in 1898 by Frank Holding Sr. and his family. It has become the largest family-owned bank in the US, with over 500 branches in 19 states. On March 26, 2023, the bank purchased all deposits and loans from Silicon Valley Bridge Bank. This was the financial institution whose collapse in March 2023 was the second-largest in US history and set off a chain reaction that caused the third-biggest bank-fail.

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