BUIES CREEK, N.C. – Campbell University’s Lundy-Fetterman School of Business has received a $250,000 gift from First Citizens Bank to support the establishment of a wealth management center that will expand experiential learning and research opportunities for students, faculty, and the community.
The Campbell Board of Trustees’ Executive Committee approved the construction and naming of the First Citizens Wealth Management Center on March 25. First Citizens Bank provided the lead gift for the $1 million project.
“We are so proud to garner support for this important project from First Citizens Bank,” said Campbell Business Dean Keith Faulkner. “The center will become an integral part of our community and a key instructional space as we prepare business students for service in the financial services and wealth management industries.”
The new, state-of-the-art center will serve as a learning lab that simulates an investment firm environment, a trading room and a trust center. It will be equipped with the latest tools, technology, and data that business leaders, commercial banks, and financial advisors around the world use. Such resources will include Bloomberg and other cutting-edge financial planning banking systems software and a fiduciary accounting system.
The center will enable students to apply what they are learning in the classroom to real-world, real-time situations, Faulkner said. It will open in August 2015 and be located on the first floor of the School of Business.
“First Citizens Bank is extremely pleased to join with the Lundy-Fetterman School of Business in establishing this cutting-edge financial technology center that will allow Campbell students to learn firsthand what it takes to succeed in today’s financial world,” said Michael Wilson, manager of Wealth Management at First Citizens. “The need for qualified wealth managers has never been greater, and the advanced tools offered at the center will help develop future leaders for careers in finance and wealth management. Our partnership with Campbell University reflects our Forever First commitment to the communities we serve.”
The naming of the center comes just a few weeks after Campbell Business announced it will begin offering an undergraduate major in finance beginning with the 2015-16 academic year.
“The First Citizens Wealth Management Center will help Campbell Business students apply the theoretical knowledge they acquire and blend it seamlessly with practical skills learned through application,” Faulkner said. “This financial laboratory will prepare the next generation of financial services and wealth management leadership.”
Campbell Business offers nine undergraduate degree programs, including classic business degrees in accounting, business administration, economics/economics pre-law, international business, and marketing. Innovative business programs offered include healthcare management, PGA Golf management, and the trust and wealth management program, which is the only one of its kind in the U.S.
Campbell Business also offers the BBA/MBA — 3/2 Option in which students can earn a Bachelor of Business Administration and a Master of Business Administration in five years, as well master’s programs in business administration and trust and wealth management. In September 2014 Campbell Business launched five international certificate programs with the University of Reading in Reading, England.
Founded in 1898 and headquartered in Raleigh, North Carolina, First Citizens Bank serves customers at more than 560 branches in 18 states and the District of Columbia. First Citizens Bank is a major subsidiary of First Citizens BancShares Inc. (Nasdaq: FCNCA), which has $30 billion in assets. For more information, visit firstcitizens.com. First Citizens Bank. Forever First®.
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The Campbell University Lundy-Fetterman School of Business strives to be recognized as a premier business school known for its free enterprise based curriculum, distinctive academic programs, practical work experiences, and values-based entrepreneurial emphasis. For more information, visit http://ww2.campbell.edu/business.
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