#USA #Raleigh #First Citizens #Matt Snow #Forvis Mazars

New Leadership at First Citizens BancShares

In a strategic move to bolster its leadership team, First Citizens BancShares, Inc. has announced the appointment of Matt Snow to its board of directors. This transition is set to take place on January 2, 2025, marking a significant milestone in both Snow's career and the ongoing development of First Citizens BancShares.

Matt Snow brings with him a wealth of experience from his tenure as chairman of the governing board of Forvis Mazars, LLP, a leading U.S. accounting firm known for its comprehensive services in assurance, tax, and consulting. His leadership in this esteemed firm has put him at the forefront of the accounting industry, giving him a distinct perspective on financial management and corporate governance.

As a seasoned executive, Snow has held pivotal roles, including that of the Chief Executive Officer at Dixon Hughes Goodman LLP from June 2014 until May 2022. His journey also includes over 20 years at KPMG, where he made significant contributions in audit services for various sectors such as financial services and manufacturing. His extensive background equips him with the unique capability to guide First Citizens BancShares through the complexities of the financial landscape.

Frank B. Holding Jr., chairman and CEO of First Citizens Bank, expressed enthusiasm regarding Snow's appointment. Holding emphasized that Snow's experience with a diverse range of clients—ranging from startups to large multinational corporations—would provide invaluable insight to the board, thereby enhancing its strategic decision-making capacity.

Snow's career achievements extend beyond corporate leadership. He has also been actively involved in professional organizations, having served as chairman of the Audit and Finance Committee for the American Institute of CPAs (AICPA), as well as having leadership roles in finance committees for various community organizations. His commitment to service and governance reflects the values upheld by First Citizens BancShares.

In preparation for his new role, Snow is expected to retire from Forvis Mazars in May 2025, following which he will immerse himself fully in his responsibilities at First Citizens. He will also participate in the joint audit committee for both BancShares and First Citizens Bank, which will further enforce the institution's commitment to transparency and rigorous financial oversight.

Snow's academic prowess is equally impressive. A graduate of Wake Forest University with a degree in accounting, he furthered his education with Harvard University's Executive Education Program, specializing in leading professional services firms. This educational background, combined with his vast experience, positions him as a key asset to First Citizens BancShares as it navigates the evolving financial landscape.

Established in Raleigh, North Carolina, First Citizens BancShares has emerged as a leading financial institution in the U.S., boasting over $200 billion in assets. Its commitment to strength and stability has proven foundational to its growth and reputation.

Snow's appointment is set against a backdrop of increasing competitiveness in the financial sector, where innovative leadership is essential for sustained success. As First Citizens continues to expand its services nationwide, the insights and leadership qualities brought by Matt Snow are anticipated to play a crucial role in the bank's strategic direction moving forward.

The future looks promising for First Citizens BancShares with the addition of Matt Snow to its board, as the company remains dedicated to providing exceptional banking services and maintaining its legacy of excellence.

For more information on First Citizens BancShares, you can visit firstcitizens.com.