secwatch.observer — SEC 8-K summary
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Issuer:     FIRST CITIZENS BANCSHARES INC /DE/ (FCNCA)
CIK:        0000798941
Form:       8-K
Filed at:   2026-01-14T23:59:59+00:00
Accession:  0000798941-26-000007
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Citizens BancShares CRO Lorie Rupp to retire June 1; Treasurer Tom Eklund to succeed
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- Lorie Rupp to retire as EVP & Chief Risk Officer effective June 1, 2026, after 13-year tenure.
- Tom Eklund, current Treasurer and 20-year veteran, to succeed as CRO on same date.
- Rupp served as CRO since March 2017, previously Chief Accounting Officer; strengthened risk framework.
- Eklund has experience managing capital, market, liquidity, and compliance risks.
- Orderly transition planned; CEO Frank Holding expressed confidence in both executives.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/798941/000079894126000007/0000798941-26-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/798941/000079894126000007/fcnca-20260112.htm
  HTML page:      https://secwatch.observer/filing/0000798941-26-000007

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer