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First Citizens Bank

First Citizens Bank, originally known as the Bank of Smithfield, opened on March 1, 1898 in Johnson County, North Carolina.  Crediting the growing agricultural economy, the first bank ever located in Johnson county survived and prospered.  Since the opening of First Citizens Bank, the company has grown, now serving customers in more than 200 cities and towns in North Carolina, Virginia, West Virginia, Tennessee and Maryland.  

With a variety of lending options and services to meet the personal and financial needs of its customers, First Citizens Bank continues its long tradition of excellence and customer service.  Consumers who are interested in consolidating their high-interest credit cards and other debt should consider a lending service or product offered by First Citizens Bank. 

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Features and benefits of First Citizens Bank's programs include:

First Citizens Home Equity Loan
If you own your home, and are in need of some additional cash flow, a home equity loan may be an ideal solution.  Features and benefits of a home equity loan for First Citizens Bank include:

  • Low, fixed interest rate;
  • Fixed repayment term;
  • No early prepayment penalties;
  • Receive funds in one lump sum;
  • Borrow up to the full value of your home, minus what is owed on your existing mortgage;
  • Interest paid may be tax deductible (consult your tax advisor);
  • Use the money to pay off your high-interest credit cards and other debt

First Citizens EquityLine

  • Interest paid may be tax deductible (consult your tax advisor);
  • Variable interest rate;
  • No pre-payment penalties;
  • Borrow up to 100% of the equity in your home (less amount owed on first mortgage);
  • Access funds through the provided checks or EquityLine Visa;
  • Pay interest only on what you use;
  • When accessing your funds through an EquityLine Visa, you will receive additional benefits such as:
    • No annual fees;
    • Pay nothing for fraudulent purchases;
    • Earn BankMiles for every dollar of purchases charged.

Mortgage Refinance
For homeowners who intend to remain at their current residence for the long-term, a mortgage refinance may be the answer.  Features and benefits of refinancing your mortgage through First Citizens Bank include:

  • Receive a lower interest rate on your outstanding mortgage balance;
  • Ideal for those who want to consolidate high-interest debt;
  • Choose your own repayment schedule—monthly or bi-weekly;
  • Extend your repayment term to reduce monthly payments;
  • Change from an adjustable-rate to a fixed-rate mortgage;
  • Repayment terms up to 30 years.

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* Debt Basics is not a lender or broker. We provide information and research on debt help and debt consolidation. Product and service offerings differ by state.