News & Insights

We’re changing the narrative of the manufacturing industry one story at a time. CMTA’s award-winning storytelling team showcases California’s 30,000 manufacturers by uplifting the voices of our makers. Find industry news and the stories from those “Making California” below. 

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SacTown Talks: Interview with Lance Hastings

Sacramento, Calif. (SacTown Talks) – "Today, we welcome back to the program Lance Hastings, President and CEO of the California Manufacturers & Technology Association. We discuss artificial intelligence, the future of technology, California manufacturing, and...

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Here’s How California’s Budget Deficit Impacts Manufacturers

Sacramento, Calif. – California's Governor Gavin Newsom announced Wednesday the state is facing a projected budget deficit of $37.86 billion. Here's what that means for the Golden State's manufacturers. Read the full budget summary for 2024-25 here. ### About CMTA The...

Press Release

CMTA Welcomes Financial Institution, First Citizens Bank, to Organization

Dec 20, 2023

Sacramento, Calif. – The California Manufacturers & Technology Association (CMTA) announced the welcome of First Citizens Bank to its associate membership today.

“CMTA has worked to promote California’s manufacturers for over 100 years, and we recognize the pivotal role that innovation and technology play in driving economic growth and prosperity,” said CMTA’s CEO & President, Lance Hastings. “We are thrilled to announce First Citizens Bank as the newest associate member of CMTA as we continue to support our manufacturers.”

First Citizens provides a wide variety of products, services, and resources to help companies build value for the future. The bank’s team of professionals help businesses set and achieve their long- and short-term goals with a supportive, relationship-banking approach.

“For 125 years, businesses and manufacturing companies of all sizes and scope have relied on First Citizens Bank to do more with the money they make, invest and borrow,” said First Citizens Bank Sacramento Area Executive Michelle Chan. “First Citizens is here for the long haul, proud to join the CMTA and help manufacturers grow. Those who choose us value the service, reliability, care and long-term thinking we bring to their business.”

The financial institution has been awarded a Top 20 institution in the U.S., with over 550 branches across California and 22 other states.


About CMTA

The California Manufacturers & Technology Association has advocated for pro-growth laws and regulations before the California legislature and administrative agencies since 1918. The total output from manufacturing in California is $300 billion per year, roughly 10 percent of the total economic output of the state. Manufacturers employ 1.3 million Californians paying wages more than $25,000 higher than other non-farm employers in the state. For more information, visit CMTA’s website.

About First Citizens Bank

First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in Raleigh, N.C., and now celebrating the 125th anniversary of its founding, First Citizens has built a unique legacy of strength, stability and long-term thinking that has spanned generations. First Citizens offers an array of general banking services including a network of more than 500 branches and offices in 30 states; commercial banking expertise delivering best-in-class lending, leasing and other financial services coast to coast; innovation banking serving businesses at every stage; and a nationwide direct bank. Parent company First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial institution with more than $200 billion in assets. Discover more at

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