RALEIGH, N.C., Jan. 25, 2011 (GLOBE NEWSWIRE) -- Hope Holding Connell has been elected vice chairman of First Citizens BancShares Inc. (Nasdaq:FCNCA) and its First Citizens Bank subsidiary by the company's board of directors.
Also in 2002, Connell was elected to the board of directors of First Citizens Bank and IronStone Bank and the executive committee of First Citizens Bank and First Citizens BancShares. Along with her brother, Chairman and CEO Frank B. Holding Jr., she is among the third generation of the Holding family to lead the company. Her father, Frank B. Holding Sr., is executive vice chairman.In 2005, Connell's prominence in the financial services industry led to her being named the first woman to serve as chair of the North Carolina Bankers Association (NCBA), a one-year position previously held by her grandfather and her uncle. Connell provides key leadership on several boards and organizations. She is a member of the boards of directors of Southern BancShares (N.C.) Inc., the Yadkin Valley Company and the North Carolina Community Foundation of Wake County. She also works with the YMCA of the Triangle on its long-range planning and personnel committees and as treasurer of the Frank B. and Ella Ann Holding Foundation. She also served on the steering committees for the 2001 and 2007 U.S. Women's Open Golf Championships. A native of Smithfield, N.C., Connell earned bachelor's degrees (1985) in English and Economics and an MBA (1990) from the University of North Carolina at Chapel Hill. She resides in Raleigh. Raleigh-headquartered First Citizens BancShares, Inc. (Nasdaq:FCNCA) is the 46th largest financial holding company in the United States with $20.8 billion in assets. BancShares recently ranked fourth-best in the nation on a Forbes' list of the 100 largest banks and thrifts. Subsidiary First Citizens Bank and its IronStone Bank division are committed to providing superior financial services to individual customers and small to mid-sized businesses. Founded in 1898, First Citizens Bank has received multiple national awards for customer satisfaction and overall stability and security, including a five-star superior ranking by independent bank rating firm BauerFinancial Inc. of Coral Gables, Fla., (bauerfinancial.com). For more information, visit firstcitizens.com or call toll-free 1-888-FC DIRECT (1-888-323-4732). The photo is also available via AP PhotoExpress
CONTACT: Frank Smith First Citizens BancShares (919) 716-4121