First Citizens BancShares, Inc. Announces Chief Risk Officer Transition, Names Successor

Core Viewpoint - First Citizens BancShares, Inc. announces the retirement of Lorie K. Rupp as Executive Vice President and Chief Risk Officer, effective June 1, 2026, with Tom Eklund set to succeed her, ensuring a smooth transition in leadership [1][2]. Group 1: Leadership Transition - Lorie K. Rupp has served as Chief Risk Officer since March 2017, significantly enhancing the company's risk management framework during a period of growth [2]. - Tom Eklund, a 20-year veteran of First Citizens Bank and current Treasurer, will take over as Chief Risk Officer, bringing extensive experience in managing various risks [1][3]. Group 2: Company Background - First Citizens BancShares, Inc. is a top 20 U.S. financial institution with over $200 billion in assets and is a member of the Fortune 500 [4]. - The company offers a wide range of banking services, including commercial banking, innovation banking, and a nationwide direct bank [4].