Company: FCNCB
Filing Date: 2025-06-26
Form Type: 8-K
Source: 0000798941-25-000028
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Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-06-26
Form: 8-K
Item: Item 5.02
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(d)

On June 24, 2025, the Board of Directors (the “ Board”) of First Citizens BancShares, Inc. (“ BancShares”), in accordance with its bylaws, appointed Diane Morais, age 60, to the Board effective July 1, 2025. Ms. Morais will serve as a director until BancShares’ 2026 Annual Meeting of Stockholders and, if re-elected, thereafter until her successor has been duly appointed, or until her earlier death, retirement, resignation, or removal. Ms. Morais has been appointed to serve as a member of the Risk Committee and Technology Committee of the Board.

Ms. Morais retired from Ally Bank (“ Ally”) in 2024 after more than 15 years of leadership and service, most recently in the position of President of Consumer and Commercial Banking which she had held since 2017. Her responsibilities included driving the growth, profitability, and digital evolution of Ally’s consumer and commercial banking division. She had oversight of the deposits, online brokerage and advisory offering, mortgage, point of sale lending, credit card, and corporate-finance businesses. In addition, Ms. Morais oversaw the company’s customer care channels, as well as the Community Reinvestment Act program. Ms. Morais was instrumental in the creation and launch of the Ally brand in 2009. Prior to holding key leadership positions of increasing responsibility at Ally, Ms. Morais spent 12 years at Bank of America, where she served in senior roles in deposit and debit products, national customer experience, card services marketing, and consumer mortgage vendor management. Ms. Morais also spent nine years in Citibank’s credit card division in a variety of marketing, risk, and finance roles. A native of Pittsburgh, PA, Ms. Morais holds a bachelor’s degree from Pennsylvania State University. She is currently a member of the board of directors for the YMCA of Greater Charlotte, Junior Achievement of Central Carolinas, and Charlotte Center City Partners. Ms. Morais was named to American Banker Magazine’s ‘25 Most Powerful Women in Banking’ list for nine consecutive years through 2023. Additionally, she received the 2024 Lifetime Achievement Award from the Charlotte Business Journal, was recognized as the 2022 Charlotte Businesswoman of the Year by Queens University, and was named one of the top 25