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FIRST CITIZENS BANCSHARES INC /DE/ FILES (8-K) Disclosing Change in Directors or Principal Officers

February 21, 2014



Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensation Arrangement of Certain Officers

On February 14, 2014, Frank B. Holding, who serves as a director and Executive Vice Chairman of the Boards of First Citizens BancShares, Inc. ("BancShares") and its subsidiary, First-Citizens Bank & Trust Company (the "Bank"), notified BancShares' management that he would retire from his position as a director at BancShares' annual meeting of shareholders on April 29, 2014, and, as a result, that he wished to withdraw his name as a candidate for reelection at the annual meeting. He also notified BancShares that he would retire from his positions as an officer of BancShares and the Bank effective on September 2, 2014. Mr. Holding's service as a director and his position as Executive Vice Chairman of the Boards of BancShares and the Bank will terminate at the annual meeting. He will remain an employee of the Bank and receive salary at his current annual rate until his retirement date.


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Source: Edgar Glimpses


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