First Citizens Bank of South Carolina is a subsidiary of First Citizens BancShares, Inc., of Raleigh, North Carolina; it is the largest bank in the United States controlled by a single family.
[1] Prior to its acquisition by First Citizens BancShares Inc. of Raleigh, First Citizens Bancorporation, Inc. was a bank holding company based in Columbia, South Carolina with over $8 billion in assets.
In 1964, the Holding brothers — Frank, Lewis and Robert, who were part owners of First Citizens Bank and Trust of North Carolina - acquired a controlling interest in Anderson Bank of Dillon, South Carolina, which had one location and sixteen employees.
In 2005, First Citizens bought Greenville-based Summit Financial Corporation and People's Community Bank in Aiken.
[3] On July 23, 2010, First Citizens took over the operations and five branches of Kingstree, South Carolina-based Williamsburg First National Bank from the Federal Deposit Insurance Corporation.