STOCK TITAN

Snow Appointed to First Citizens BancShares Board of Directors

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management

First Citizens BancShares (FCNCA) has appointed Matt Snow to its board of directors and its subsidiary, First-Citizens Bank & Trust Company, effective January 2, 2025. Snow currently serves as chairman of the governing board of Forvis Mazars, a top 10 U.S. accounting firm, and as vice chairman of Forvis Mazars Global's governing board. He is expected to retire from these positions in May 2025.

Snow brings over 30 years of experience, including leadership roles at Dixon Hughes Goodman LLP as CEO and KPMG as an audit partner. He will serve on the joint audit committee of BancShares and First Citizens Bank, as well as First Citizens Bank's trust committee.

First Citizens BancShares (FCNCA) ha nominato Matt Snow nel suo consiglio di amministrazione e nella sua filiale, First-Citizens Bank & Trust Company, a partire dal 2 gennaio 2025. Snow attualmente ricopre la carica di presidente del consiglio direttivo di Forvis Mazars, una delle prime 10 società di contabilità negli Stati Uniti, e di vicepresidente del consiglio direttivo globale di Forvis Mazars. Si prevede che si ritirerà da queste cariche a maggio 2025.

Snow porta con sé oltre 30 anni di esperienza, inclusi ruoli di leadership presso Dixon Hughes Goodman LLP come CEO e KPMG come partner di audit. Farà parte del comitato congiunto di audit di BancShares e First Citizens Bank, così come del comitato fiduciario di First Citizens Bank.

First Citizens BancShares (FCNCA) ha nombrado a Matt Snow en su junta directiva y en su filial, First-Citizens Bank & Trust Company, a partir del 2 de enero de 2025. Snow actualmente sirve como presidente de la junta de gobierno de Forvis Mazars, una de las 10 principales firmas de contabilidad de EE. UU., y como vicepresidente de la junta de gobierno global de Forvis Mazars. Se espera que se retire de estos puestos en mayo de 2025.

Snow aporta más de 30 años de experiencia, incluyendo roles de liderazgo en Dixon Hughes Goodman LLP como CEO y en KPMG como socio de auditoría. Servirá en el comité conjunto de auditoría de BancShares y First Citizens Bank, así como en el comité fiduciario de First Citizens Bank.

퍼스트 시티즌스 뱅크셰어스(FCNCA)는 맷 스노를 이사회 및 자회사인 퍼스트-시티즌스 은행 & 신탁회사에 임명하였으며, 이는 2025년 1월 2일부터 효력이 발생합니다. 스노는 현재 포르비스 마자르스의 이사회 의장직을 맡고 있으며, 미국 상위 10개 회계법인 중 하나입니다. 그는 포르비스 마자르스 글로벌의 이사회 부의장직도 수행하고 있습니다. 그는 2025년 5월에 이직할 예정입니다.

스노는 30년 이상의 경력을 가지고 있으며, 다이슨 휴스 굿맨 LLP에서 CEO로, KPMG에서 감사 파트너로서의 리더십 역할을 포함하고 있습니다. 그는 뱅크셰어스와 퍼스트 시티즌스 은행의 공동 감사위원회 및 퍼스트 시티즌스 은행의 신탁위원회에서 활동할 예정입니다.

First Citizens BancShares (FCNCA) a nommé Matt Snow à son conseil d'administration et à sa filiale, la First-Citizens Bank & Trust Company, à compter du 2 janvier 2025. Snow occupe actuellement le poste de président du conseil d'administration de Forvis Mazars, l'une des 10 plus grandes sociétés de comptabilité aux États-Unis, et est vice-président du conseil d'administration mondial de Forvis Mazars. Il devrait prendre sa retraite de ces postes en mai 2025.

Snow possède plus de 30 ans d'expérience, y compris des postes de direction chez Dixon Hughes Goodman LLP en tant que PDG et chez KPMG en tant que partenaire d'audit. Il siègera au comité d'audit conjoint de BancShares et de First Citizens Bank, ainsi qu'au comité de fiducie de First Citizens Bank.

First Citizens BancShares (FCNCA) hat Matt Snow in seinen Vorstand und seine Tochtergesellschaft, die First-Citizens Bank & Trust Company, berufen, wirksam ab dem 2. Januar 2025. Snow ist derzeit Vorsitzender des Verwaltungsrats von Forvis Mazars, einer der 10 größten US-Wirtschaftsprüfungsgesellschaften, und stellvertretender Vorsitzender des globalen Verwaltungsrats von Forvis Mazars. Er wird voraussichtlich im Mai 2025 von diesen Positionen zurücktreten.

Snow bringt über 30 Jahre Erfahrung mit, darunter Führungsrollen bei Dixon Hughes Goodman LLP als CEO und bei KPMG als Wirtschaftsprüfungspartner. Er wird im gemeinsamen Prüfungsausschuss von BancShares und First Citizens Bank sowie im Treuhandausschuss von First Citizens Bank tätig sein.

Positive
  • Appointment of experienced financial executive with over 30 years in leadership and audit roles
  • Addition of expertise from a top 10 U.S. accounting firm to the board
  • Strengthening of audit committee with seasoned professional
Negative
  • None.

RALEIGH, N.C., Dec. 16, 2024 /PRNewswire/ -- Matt Snow has been appointed to the board of directors of First Citizens BancShares, Inc. ("BancShares") and its subsidiary, First-Citizens Bank & Trust Company ("First Citizens Bank"), effective Jan. 2, 2025.

For the past two years, Snow has served as chairman of the governing board of Forvis Mazars, LLP ("Forvis Mazars") in the United States, a top 10 U.S. accounting firm that provides assurance, tax and consulting services. He also has served as the vice chairman of the governing board of Forvis Mazars Global, Ltd., a global network of accounting firms, since June 2024. Snow is expected to retire from Forvis Mazars and the related board positions in May 2025.

"I am pleased to welcome Matt to our board of directors," said Frank B. Holding Jr., chairman and CEO of First Citizens Bank. "In his more than 30-year career, Matt has led and worked with clients ranging from start-up organizations to large national and global organizations. His considerable experience leading a top accounting firm as well as audits of a wide range of client businesses will provide invaluable insight to our Board."

Prior to his role as chairman of Forvis Mazars, Snow was a partner and served as Chief Executive Officer of Dixon Hughes Goodman LLP ("DHG"), one of Forvis Mazars' predecessors, from June 2014 to May 2022. Before Forvis Mazars and DHG, Snow served as an audit partner at KPMG, where he spent more than 20 years working with public companies in the financial services, manufacturing and restaurant industries. While at KPMG, he served a rotation in the national department of professional practice and was later named an SEC partner through which he served in a technical review role on public company audit engagements.

Snow previously served as the chairman of the Audit and Finance Committee of the board of directors of the American Institute of CPAs (the "AICPA") and as the chairman of the AICPA's Major Firms Group. He also previously served on the board of visitors for the Wake Forest University School of Business and as the chairman of the Finance Committee of the United Way of Central Carolinas' board of directors.

A graduate of Wake Forest University, with a bachelor's degree in accounting, Snow has also completed Harvard University's Executive Education Program, "Leading Professional Services Firms."

Snow will serve on the joint audit committee of BancShares and First Citizens Bank as well as First Citizens Bank's trust committee.

ABOUT FIRST CITIZENS BANCSHARES

First Citizens BancShares, Inc. (Nasdaq: FCNCA), a top 20 U.S. financial institution with more than $200 billion in assets and a member of the Fortune 500TM, is the financial holding company for First Citizens Bank. Headquartered in Raleigh, N.C., First Citizens Bank has built a unique legacy of strength, stability and long-term thinking that has spanned generations. First Citizens offers an array of general banking services including a network of more than 500 branches and offices in 30 states; commercial banking expertise delivering best-in-class lending, leasing and other financial services coast to coast; innovation banking serving businesses at every stage; personalized service and resources to help grow and manage wealth; and a nationwide direct bank. Discover more at firstcitizens.com.

Contact:

Deanna Hart

Angela English


Investor Relations

Corporate Communications


919-716-2137

803-931-1854

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/snow-appointed-to-first-citizens-bancshares-board-of-directors-302332800.html

SOURCE First Citizens BancShares, Inc.

FAQ

When will Matt Snow join First Citizens BancShares (FCNCA) board of directors?

Matt Snow will join First Citizens BancShares (FCNCA) board of directors effective January 2, 2025.

What committees will Matt Snow serve on at First Citizens BancShares (FCNCA)?

Matt Snow will serve on the joint audit committee of BancShares and First Citizens Bank, as well as First Citizens Bank's trust committee.

What is Matt Snow's current role before joining FCNCA's board?

Matt Snow currently serves as chairman of the governing board of Forvis Mazars, a top 10 U.S. accounting firm, and vice chairman of Forvis Mazars Global's governing board.

When will Matt Snow retire from his positions at Forvis Mazars?

Matt Snow is expected to retire from his positions at Forvis Mazars in May 2025.

First Citizens BancShares Inc

NASDAQ:FCNCA

FCNCA Rankings

FCNCA Latest News

FCNCA Stock Data

28.97B
10.72M
20.46%
68.39%
2.7%
Banks - Regional
State Commercial Banks
Link
United States of America
RALEIGH