Frank B. Holding, Jr. has been the President and CEO of First Citizens BancShares since 2008. His journey in banking started at the company in 1984, and he has climbed the ranks for many years. Holding comes from a family...
Frank B. Holding, Jr. has been the President and CEO of First Citizens BancShares since 2008. His journey in banking started at the company in 1984, and he has climbed the ranks for many years. Holding comes from a family steeped in the banking business; his father and brother also hold prominent positions within the company. His finance expertise is reflected in his leadership, especially during significant events like the merger with CIT Group, which shaped the bank's landscape. In 2022, Frank earned a total compensation of $8.1 million, which included a bonus reflecting the company's strong performance. Interestingly, despite the ups and downs of his compensation, he continues to hold a vast number of shares in the company, emphasizing his alignment with shareholder interests. In a recent report, he held over 2.55 million shares of Class A common stock. Frank’s approach is straightforward; he believes in long-term performance metrics that focus on tangible growth.