Diane Morais Joins First Citizens BancShares Board of Directors
Financial industry leader brings extensive experience
Diane Morais has been appointed to the board of directors of First Citizens BancShares, Inc. and its subsidiary, First-Citizens Bank & Trust Company. This decision reflects the bank's commitment to enhancing its governance practices.
Morais’s Prosperous Career in Finance
With over 30 years in the financial services sector, Morais has cultivated an impressive career. She played a pivotal role in the establishment of the Ally brand back in 2009 and recently served as President of Consumer and Commercial Banking at Ally until her retirement in 2024. In this leadership role, she was responsible for the growth and digital evolution of their banking division, overseeing various services including deposits and mortgage lending.
Experience with Leading Banks
Prior to her time at Ally, Morais honed her skills at Bank of America for over a decade, holding various senior positions. She also spent nine years at Citibank, working in diverse roles within the credit card division. Her extensive background uniquely positions her to add value to First Citizens Bank.
A Warm Welcome from First Citizens
Frank B. Holding, Jr., chairman and CEO of First Citizens, expressed enthusiasm about Morais joining the board. He praised her as a results-driven executive renowned for her customer-centric approach, aligning perfectly with the long-term values and relationship-focused philosophy of First Citizens Bank.
Recognized for Excellence in Banking
Morais has received numerous accolades throughout her career, including being named one of the 25 Most Powerful Women in Banking by American Banker for nine straight years, reflecting her influence and contributions to the industry. She also received a Lifetime Achievement Award from the Charlotte Business Journal, signifying her commitment to excellence in financial services.
Community Involvement and Future Roles
Beyond her professional achievements, Morais is deeply involved in her community. She has served as an 'Executive in Residence' for Queens University and actively volunteers with organizations like Habitat for Humanity and Dress for Success.
Morais will be part of the Joint Risk Committee and Joint Technology Committee at First Citizens BancShares and First Citizens Bank. Her insights and experience are expected to contribute significantly to their ongoing success.
About First Citizens BancShares
First Citizens BancShares, Inc. (NASDAQ: FCNCA) ranks among the top 20 financial institutions in the U.S., boasting more than $200 billion in assets. Headquartered in Raleigh, the organization prides itself on a legacy of strength and innovation in banking, offering a wide variety of services to meet the needs of consumers and businesses alike. For additional information, visit their website.
Frequently Asked Questions
1. Who is Diane Morais?
Diane Morais is a seasoned financial industry executive with over 30 years of experience, recently appointed to the board of directors of First Citizens BancShares.
2. What positions did Diane hold before joining First Citizens BancShares?
Before her appointment, Morais served as President of Consumer and Commercial Banking at Ally Bank and held senior roles at Bank of America and Citibank.
3. What committees will Diane Morais serve on at First Citizens?
Morais will serve on the Joint Risk Committee and Joint Technology Committee of First Citizens BancShares.
4. What recognitions has Diane Morais received?
Morais has been listed as one of the 25 Most Powerful Women in Banking multiple times and received the Lifetime Achievement Award from the Charlotte Business Journal.
5. What is First Citizens BancShares known for?
First Citizens BancShares is recognized as a top financial institution in the U.S. with a commitment to strength, stability, and comprehensive banking solutions.
