First Citizens CEO Frank Holding Joins Fed Advisory Council; Bank Has $200B Assets
Frank B. Holding, Chairman and CEO of First Citizens Bank, has been appointed to the Federal Reserve Board of Governors’ Federal Advisory Council representing the Fifth District for 2026. His appointment underscores First Citizens BancShares’ standing as a top-20 US bank with over $200 billion in assets and 18,000 associates.
1. Appointment Details
Frank B. Holding, who has led First Citizens Bank since 2009, has been selected to represent the Fifth District on the Federal Reserve Board of Governors’ Federal Advisory Council for a one-year term beginning in 2026.
2. Federal Advisory Council Role
The FAC comprises twelve banking industry leaders, one from each Federal Reserve District, who consult with the Board of Governors on monetary policy and banking regulation matters addressing financial system stability.
3. First Citizens BancShares Profile
First Citizens BancShares, Inc. is a Fortune 500 banking group with more than $200 billion in assets, over 18,000 employees and a nationwide branch network offering personal, commercial, wealth and innovation banking services.