First Citizens BancShares, Inc. ·FCNCA

Family-led bank with Vice Chair and President reporting to CEO

Financials · Fortune #293 · Hybrid structure · 17K employees · Raleigh, North Carolina

View as of:
4
CEO span
↓ tighter than peers (avg 10)
3.2
Avg span
moderate
4
Max depth
4 levels
12.2 yr
Avg tenure
stable vs FY2024
75%
Internal hires
↑ above industry avg
Consolidated financials FY2025 · period end 2025-12-31 · 10-K
Revenue
$9.5B
Net income
$2.2B
Total assets
$229.7B

Sourced from First Citizens BancShares, Inc. DEF 14A · filed 2026-03-23 ↗ View on SEC

Interactive org chart

First Citizens BancShares, Inc. organizational chart

Explore the executive structure, reporting layers, and scenario-ready operating model from public filings.

Open editable chart

Family-led governance defines First Citizens BancShares, with the CEO’s sister and brother-in-law serving as Vice Chairwoman and President. This page details the enterprise structure, executive team, recent leadership changes, and peer comparisons.

What to model

Use the chart to test org decisions, not just view reporting lines

Start with the public baseline, then use the scenario views and source-backed changes to ask what happens when leadership, span, or team ownership shifts.

Latest signal Lorie K. Rupp departed as Chief Risk Officer

Announced retirement effective June 1, 2026 (Jan 12, 2026).

Source · See change log

Scenario views in the chart

  • Add Chief AI Officer Introduce a Chief AI Officer reporting to the CEO to formalize AI and data strategy across banking segments.
  • CRO Retirement Transition Remove the outgoing CRO role upon retirement, creating a short-term risk leadership gap until successor assumes duties.

Atlas work this supports

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The people

Who's running this

5 executives identified as Named Executive Officers in the most recent SEC proxy. Bar length scales with tenure.

internal

Frank B. Holding, Jr.

Chairman and Chief Executive Officer

Executive

18 yr

12 reports

internal

Peter M. Bristow

President

Executive

12 yr

5 reports

internal

Craig L. Nix

Chief Financial Officer

Finance

11 yr

1 reports

internal

Hope H. Bryant

Vice Chairwoman

Executive

14 yr

1 reports

Lorie K. Rupp

Chief Risk Officer

Risk

6 yr

0 reports

The pay

Executive compensation

From the most recent DEF 14A Summary Compensation Table. 2 named executive officers disclosed. Bar length scales with total compensation.

Frank B. Holding, Jr. $10.2M
Base salary
$1.04M
Non-equity incentive
$8.70M
Pension change
$496K
Other
$16K
Fiscal year
FY2025
Source
SEC DEF 14A ↗
Craig L. Nix $5.2M
Base salary
$725K
Non-equity incentive
$4.29M
Pension change
$210K
Other
$16K
Fiscal year
FY2025
Source
SEC DEF 14A ↗

The businesses

How First Citizens BancShares, Inc. divides the work

4 divisions report into the group CEO. Tile size scales with estimated headcount.

General Bank

9K employees

President (Peter M. Bristow)

Retail, small business, wealth management, and digital banking services.

Commercial Bank

6K employees

President (Peter M. Bristow)

Middle-market, corporate, and innovation economy banking including SVB.

Rail

300 employees

President (Peter M. Bristow)

Railcar and locomotive leasing operations.

Corporate Functions

2K employees

Chairman & CEO (Frank B. Holding, Jr.)

Finance, risk, legal, HR, and technology oversight.

The thesis

Why this org is unusual

Family control is the defining structural feature: the CEO, Vice Chairwoman, and President are immediate family members, all reporting directly to the CEO.

This concentrates strategic authority at the top while maintaining a traditional banking functional hierarchy beneath.

The structure blends enterprise oversight with segment leadership, as the President oversees the General Bank, Commercial Bank, and Rail segments. Risk and finance remain centralized, reflecting regulatory priorities following the SVB acquisition.

Succession planning is visible in the announced CRO transition, with the Treasurer elevated into the role, reinforcing the firm’s preference for internal continuity.

  • CEO, Vice Chairwoman, and President are family members
  • No standalone COO role

The comparison

How First Citizens BancShares, Inc. stacks up

Compared with other large U.S. regional banks, First Citizens maintains a more family-centric governance model. Peers such as PNC and Truist separate chair and CEO roles and rely more heavily on non-family executives. The absence of a standalone COO contrasts with peers that added operating chiefs post-2020 to manage …

C-suite size

First Citizens BancShares, Inc.
5
PNC Financial Services
9
Truist Financial
10
U.S. Bancorp
11
Regions Financial
9

Reporting depth

First Citizens BancShares, Inc.
4 levels
PNC Financial Services
5 levels
Truist Financial
5 levels
U.S. Bancorp
6 levels
Regions Financial
5 levels

Avg C-suite tenure

First Citizens BancShares, Inc.
12 yr
PNC Financial Services
6 yr
Truist Financial
5 yr
U.S. Bancorp
7 yr
Regions Financial
6 yr

Has COO / Has CAIO

First Citizens BancShares, Inc. — no COO — no CAIO
PNC Financial Services ✓ COO — no CAIO
Truist Financial ✓ COO — no CAIO
U.S. Bancorp ✓ COO — no CAIO
Regions Financial — no COO — no CAIO

Current signals

What changed recently

The most significant change is the planned retirement of CRO Lorie Rupp and the internal promotion of Treasurer Tom Eklund.

  • departed
    Lorie K. Rupp Chief Risk Officer

    Announced retirement effective June 1, 2026 (Jan 12, 2026).

    Source
  • Date not confirmed promoted
    Tom Eklund Chief Risk Officer (Incoming)

    Expected to succeed as CRO upon Rupp retirement, effective June 2026.

    Source

Leadership Timeline

Year-over-year executive structure based on SEC proxy and annual filings.

FY2025
DEF 14A filed 2026-03-23
CEO
Frank B. Holding, Jr.
CEO span
4
C-suite
5
Avg tenure
12.2 yr

Family members held three of the top five executive roles.

Named executive officers (5)
  • Frank B. Holding, Jr. - Chairman & CEO since 2008
  • Peter M. Bristow - President since 2014
  • Hope H. Bryant - Vice Chairwoman since 2011
  • Craig L. Nix - Chief Financial Officer since 2014
  • Lorie K. Rupp - Chief Risk Officer since 2019
FY2024
DEF 14A filed 2025-03-18
CEO
Frank B. Holding, Jr.
CEO span
4
C-suite
5
Avg tenure
11.5 yr

Stable executive team following SVB acquisition.

Named executive officers (5)
  • Frank B. Holding, Jr. - Chairman & CEO since 2008
  • Peter M. Bristow - President since 2014
  • Hope H. Bryant - Vice Chairwoman since 2011
  • Craig L. Nix - Chief Financial Officer since 2014
  • Lorie K. Rupp - Chief Risk Officer since 2019
FY2023
DEF 14A filed 2024-03-20
CEO
Frank B. Holding, Jr.
CEO span
4
C-suite
5
Avg tenure
10.8 yr

Executive team oversaw integration of Silicon Valley Bank.

Named executive officers (5)
  • Frank B. Holding, Jr. - Chairman & CEO since 2008
  • Peter M. Bristow - President since 2014
  • Hope H. Bryant - Vice Chairwoman since 2011
  • Craig L. Nix - Chief Financial Officer since 2014
  • Lorie K. Rupp - Chief Risk Officer since 2019

Year-over-year changes

FY2024 → FY2025

Leadership remained stable with only a planned CRO succession announced.

  • retitled Tom Eklund - Incoming Chief Risk Officer (was Treasurer) (Form 8-K, Jan 14 2026)

Frequently Asked Questions

Who is the CEO of First Citizens BancShares?

Frank B. Holding, Jr. has served as Chairman and CEO since 2008.

What type of organizational structure does First Citizens BancShares use?

It uses a hybrid enterprise structure combining centralized control with segment leadership.

How many direct reports does First Citizens BancShares' CEO have?

The CEO has four direct executive reports.

How has First Citizens BancShares' leadership changed recently?

In January 2026, CRO Lorie Rupp announced her retirement, with Treasurer Tom Eklund named as her successor.

Who reports directly to First Citizens BancShares' CEO?

The President, Vice Chairwoman, Chief Financial Officer, and Chief Risk Officer report directly to the CEO.

Sources

  • Form 8-K, Jan 2026
  • SEC EDGAR: First Citizens BancShares, Inc. DEF 14A Proxy Statement
  • SEC EDGAR: First Citizens BancShares, Inc. 10-K Annual Report

Reference

Cite this page

If you reference this page in research, analysis, or news writing, use one of the formats below. Citation includes the SEC filing source where applicable.

APA 7th
Creately. (2026). First Citizens BancShares, Inc. organizational structure. Creately. Retrieved , from https://creately.com/org-chart/fortune-500/first-citizens-bancshares/
MLA 9th
"First Citizens BancShares, Inc. Organizational Structure." Creately, April 1, 2026, https://creately.com/org-chart/fortune-500/first-citizens-bancshares/. Accessed .
Chicago 17
Creately. "First Citizens BancShares, Inc. Organizational Structure." Last modified April 1, 2026. https://creately.com/org-chart/fortune-500/first-citizens-bancshares/.
Original SEC source View on SEC ↗
First Citizens BancShares, Inc.. DEF 14A. Filed 2026-03-23. U.S. Securities and Exchange Commission. https://www.sec.gov/Archives/edgar/data/798941/000119312526119777/d715987ddef14a.htm

Permanent URL: https://creately.com/org-chart/fortune-500/first-citizens-bancshares/ · last updated 2026-04-01

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