First Citizens Bancshares, Inc.
Climate Impact & Sustainability Data (2015)
Reporting Period: 2015
Environmental Metrics
ESG Focus Areas
- Teammates
- Customers
- Shareholders
- Risk Management
- Community
Social Achievements
- Ranked #4 Best Banks to Work For in USA (3rd year in a row) by American Banker Magazine and Best Companies Group
- Ranked #30 Best Banks to Work For in USA (Cleveland branch) by American Banker Magazine and Best Companies Group
- #3 Top Giving Campaign by United Way of West Tennessee
- Expanded market footprint from four branches in Dyer County to 19 branches including Obion, Weakley, Shelby, Tipton, Fayette and Williamson Counties.
- Number of Teammates under management grew from 150 to 280.
Governance Achievements
- Siefried & Brew Top 15% of Community Banks based on a total risk/return rating (4th year in a row)
- American Banker Magazine’s #49 among the Top 200 Community Banks in USA (7th year in a row) based on three-year average return on equity
- Bauer 5-Star Rating (5th year in a row)
Climate Goals & Targets
Short-term Goals:
- Branch transformation to be completed in Union City by June 2016
Environmental Challenges
- Integration of Southern Heritage Bank into First Citizens National Bank
- Projected decrease in commodity prices impacting agricultural customers in 2016
Mitigation Strategies
- Plan to integrate Southern Heritage Bank operations while maintaining its name and reputation
- Continued partnership with long-term agricultural customers to navigate challenging times