Company: FCNCB
Filing Date: 2025-03-18
Form Type: DEF 14A
Source: 0001193125-25-056659
Chunk: 32

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-18
Form: DEF 14A
Chunk 32
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 Committee,   ●  the Technology & Security Risk Committee,   ●  the Asset and Liability Committee,   ●  the Capital and Stress Testing Committee,   ●  the Regulatory Activities Oversight Committee, and   ●  the Technology Investment Committee. |

Certain matters within the scope of the Risk Committee’s oversight responsibilities also may fall within the scope of the oversight responsibilities of other committees of the Boards. To minimize the duplication of time and effort, the Risk Committee may defer to those other committees with respect to any such specific matters, but it may request reports or information from those other committees to determine whether those matters are being adequately addressed within our and FCB’s Risk Management Framework. The Risk Committee also reviews risk related to compensation and generally holds at least one joint meeting with the CNG Committee on an annual basis. Additional information regarding the Risk Committee’s processes is contained in the discussion under the caption “CORPORATE GOVERNANCE —Boards’ Role in Risk Management.”

| 2025 Annual Proxy Statement |     | 33 |

Committees of Our Boards Trust Committee

| John M. Alexander, Jr. Chairman   Committee Meetings in 2024: 5 |     | Other Committee Members (1):   Hope H. Bryant, Dr. Eugene Flood, Jr., and R. Mattox Snow III               (1) Mr. Snow was appointed as a member of the Trust Committee effective January 2, 2025. |

| In accordance with guidance from banking regulators that applies to banks with trust departments, FCB’s Board of Directors has a separate Trust Committee. The Committee must be comprised of not less than three members of FCB’s Board, including at least one independent director, who will be voting members and one of whom will be appointed as the Committee chairperson. The Committee may include no more than one director who also serves as an officer of FCB (who may not be an officer who participates significantly in the administration of FCB’s fiduciary responsibilities).   In addition to its other responsibilities listed in the table, the Trust Committee’s primary purpose is to assist FCB’s Board in its oversight and supervision of FCB’s administration and exercise of fiduciary responsibilities and other trust activities and in its oversight of risks associated with those activities. Management subcommittees of the Trust Committee include the Trust Risk Management Committee, Trust