Company: FCNCB
Filing Date: 2025-03-18
Form Type: DEF 14A
Source: 0001193125-25-056659
Chunk: 17

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-18
Form: DEF 14A
Chunk 17
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� Former Member, Board of Visitors, Wake Forest University School of Business ∎  Former Board Member and Chairman of Finance Committee, United Way of Central Carolinas |
| Age: 61   Director Since: 2025   Independent Director: Yes   Current Board Committee Service: ∎  Audit Committee ∎  Trust Committee of FCB’s Board   Other Current Public Company Directorships ∎  None |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |

Our Board of Directors unanimously recommends that you vote “ F OR ” each of the 11 nominees named above. The 11 nominees who receive the highest numbers of votes will be elected .

| 20 |     | 2025 Annual Proxy Statement |

Corporate Governance CORPORATE GOVERNANCE Our Board has adopted Corporate Governance Guidelines that, together with our Bylaws, establish various processes related to the structure and leadership of our Board and the governance of our organization, including those processes described in the following sections. Our Corporate Governance Guidelines and our Bylaws are available on our website at ir.firstcitizens.com/corporate-governance/governance-documents. Board Leadership Structure As described under the heading “COMMITTEES OF OUR BOARDS,” the Boards perform their oversight roles through various committees whose members are appointed by the Boards after consideration of the recommendations of our independent CNG Committee. Board committees may be established as separate committees of our or FCB’s Board or as joint committees of the Boards. Each Board annually elects a Chairman whose duties are described in our and FCB’s Bylaws. Under our Corporate Governance Guidelines, if the Chairman elected by our Board is not an independent director, then each year our CNG Committee will nominate, and our independent directors will select, a separate “Lead Independent Director.”

| CHAIRMAN AND CHIEF EXECUTIVE OFFICER FRANK B. HOLDING, JR. |     | LEAD INDEPENDENT DIRECTOR ROBERT T. NEWCOMB |

Chairman and Chief Executive Officer.Our Chief Executive Officer, Frank B. Holding, Jr., has served as Chairman of both Boards since 2009. Although our Bylaws contemplate that our Chairman will be considered an officer, under our Corporate Governance Guidelines our Board will exercise its judgment and discretion in the selection of its Chairman and may select any of its members as Chairman. The Board has no formal policy as to whether our Chief Executive Officer will or may serve as Chairman