Chief Risk Officer Rupp Named to First Citizens Executive Leadership Team

RALEIGH, N.C., Oct. 01, 2018 — North Carolina-headquartered First Citizens Bank announced today the addition of Chief Risk Officer Lorie Rupp to its executive leadership team.

Rupp, a 28-year financial services veteran, has served as First Citizens’ Chief Risk Officer since March 2017.

“Lorie is an exceptional leader and has been instrumental in driving and enhancing our risk management efforts over the last year and a half,” said Chairman and CEO Frank B. Holding Jr. “Her track record leading complex risk management environments will serve our team, our company and our shareholders well. We welcome her valuable expertise and insight.”

As First Citizens’ Chief Risk Officer, Rupp oversees all aspects of the company’s corporate risk function and risk oversight activities. Rupp reports jointly to Holding and the risk committee of the First Citizens Board of Directors.

As of Oct. 1, Rupp joins Holding on the First Citizens Bank executive leadership team. Its other members are the bank’s Vice Chairman Hope Bryant, President Peter Bristow, Chief Operating Officer Ed Willingham, Chief Financial Officer Craig Nix and Chief Strategy Officer Jeff Ward.

Rupp’s background and expertise in accounting, financial modeling and reporting and financial project management augments the chief risk officer role with a strong financial dimension.

In March 2013, Rupp joined First Citizens as Chief Accounting Officer, coming from KPMG, where she assisted clients with comprehensive capital analysis and review (CCAR) processes as mandated by Dodd-Frank. She also worked with mid-sized bank clients managing their merger and financial integration.

Before that, Rupp served as senior vice president of accounting and finance at Regions Financial, where she was responsible for accounting and financial operations, including capital planning and reporting. Prior to that, she spent 19 years at Bank of America in a number of finance leadership roles.

Rupp earned a bachelor’s degree in accounting from St. Ambrose University in Davenport, Iowa. 

Founded in 1898 and headquartered in Raleigh, N.C., First Citizens Bank serves customers at more than 500 branches in 19 states. First Citizens Bank is a wholly owned subsidiary of First Citizens BancShares Inc. (Nasdaq: FCNCA), which has more than $35 billion in assets. For more information, call toll free 1.888.FC DIRECT (1.888.323.4732) or visit firstcitizens.com. First Citizens Bank. Forever First®.

Contact:     Barbara Thompson
      First Citizens Bank
      919.716.2716

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/68bd126a-f1e9-4c89-abaf-524d2430ad6a

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Lorie Rupp, Chief Risk Officer, First Citizens Bank

North Carolina-headquartered First Citizens Bank announced the addition of Chief Risk Officer Lorie Rupp to its executive leadership team.