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Stock impact report

First Citizens BancShares, Inc. Announces Chief Risk Officer Transition, Names Successor [Yahoo! Finance]

First Citizens BancShares, Inc. - Class A (FCNCA) 
Company Research Source: Yahoo! Finance
Rupp intends to retire as Executive Vice President and Chief Risk Officer, following an exemplary 13-year career at the bank and more than 30 years in the financial services industry. BancShares plans for Tom Eklund, current Treasurer and 20-year First Citizens Bank veteran, to succeed Rupp as Chief Risk Officer. Rupp's retirement and Eklund's appointment will be effective June 1, 2026, providing time to ensure a smooth transition. Rupp has served as the Chief Risk Officer since March 2017, playing a pivotal role in strengthening the company's risk management framework during a period of significant growth. Previously, she held the role of Chief Accounting Officer joining the bank in 2013. "Lorie has been an outstanding leader, and her strategic insight and unwavering commitment have been instrumental to our success," said Frank Holding, Chairman and Chief Executive Officer. "Throughout her long and distinguished career in banking, she has exhibited high standards of excellence an Show less Read more
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