RALEIGH,
N.C., Dec. 15, 2023 /PRNewswire/ -- David G. Leitch has been appointed to the board
of directors of First Citizens BancShares, Inc. ("BancShares") and
its subsidiary, First-Citizens Bank & Trust Company ("First
Citizens Bank"), effective Jan. 1,
2024.
A distinguished leader, executive and lawyer, Leitch brings
extensive experience and valuable insight to the board. He retired
from Bank of America Corp., where he served as vice chair from 2021
to 2022 and as its global general counsel from 2016 to
2021. During his tenure at Bank of America, his
responsibilities included oversight of that bank's legal functions
and relationships with regulatory and legal authorities around the
world. In addition, he was chief legal advisor to the company's
board of directors and senior management, participating on several
management level committees overseeing risk management,
including matters relating to operational and technology related
risks, compensation practices and disclosure requirements. Prior to
his role at Bank of America, he served as general counsel and group
vice president of Ford Motor Co. from 2005 to 2015.
"I am delighted to welcome David to our board of directors, as
he will bring considerable legal and banking industry knowledge to
this role," said Frank B. Holding
Jr., chairman and CEO of First Citizens. "David's executive
leadership experience will also provide valuable insight and
perspectives, helping our bank continue to successfully navigate
the ever-changing landscape for large financial institutions."
Before joining Ford, Leitch spent several years working for the
federal government in a range of roles, including deputy counsel to
the president of the United
States, chief counsel for the Federal Aviation
Administration and deputy assistant attorney general in the U.S.
Department of Justice.
During his time in private practice, Leitch was a partner in the
appellate litigation group at Hogan & Hartson L.L.P. (now Hogan
Lovells US LLP) in Washington,
D.C.
After graduating first in his class from the University of Virginia School of Law in 1985,
Leitch worked first as a law clerk for Circuit Judge J. Harvie Wilkinson III of the U.S. Court of
Appeals for the Fourth Circuit and later for Chief Justice
William H. Rehnquist of the Supreme
Court of the United States. He
earned his bachelor's degree from Duke
University.
Leitch will serve on the board's audit committee and
compensation, nominations and governance committee.
About First Citizens BancShares
First Citizens BancShares, Inc. (Nasdaq: FCNCA), a top 20 U.S.
financial institution with more than $200
billion in assets, is the financial holding company for
First Citizens Bank. Headquartered in Raleigh, N.C., and now celebrating the 125th
anniversary of its founding, First Citizens Bank has built a unique
legacy of strength, stability and long-term thinking that has
spanned generations. First Citizens Bank 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. Discover more at firstcitizens.com.
Contact:
|
Deanna Hart
|
Barbara
Thompson
|
|
Investor
Relations
|
Corporate
Communications
|
|
919-716-2137
|
919-716-2716
|
View original content to download
multimedia:https://www.prnewswire.com/news-releases/leitch-appointed-to-first-citizens-bancshares-board-of-directors-302016191.html
SOURCE First Citizens BancShares, Inc.