First Citizens BancShares is the holding company of First-Citizens Bank & Trust Company. It operates through four segments: General Banking, Commercial Banking, Rail, and Corporate. The General Banking segment delivers deposit products, loans, and various fee-based services to individuals and businesses, provides wealth management products and services, as well as offers deposit, cash management, and lending to homeowner associations and property management companies. The Commercial Banking segment provides lending, leasing, capital markets and other financial and advisory services, as well as asset-based lending, factoring, receivables management products, and supply chain financing. The Rail segment offers equipment leasing and secured financing to railroads and shippers. The Corporate segment specializes in income on investment securities, income on bank owned life insurance, a portion of interest expense primarily related to brokered deposits and corporate funding costs, mark-to-market adjustments on equity securities and foreign currency hedges, merger-related expenses, intangible assets amortization expenses, as well as certain unallocated interest income and other costs.