First Citizens CEO Frank Holding named to Federal Advisory Council
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First Citizens BancShares logo is seen in this illustration taken March 19, 2023. REUTERS/Dado Ruvic/Illustration
Feb 10 (Reuters) - First Citizens BancShares said on Tuesday its CEO Frank Holding has been appointed to the Federal Reserve Board of Governors' advisory council for 2026.
Holding will represent the Fifth District on behalf of the Federal Reserve Bank of Richmond.
The Federal Advisory Council, one of the Federal Reserve's key advisory bodies, is made up of senior banking executives and provides the U.S. central bank with assessments of credit conditions, lending standards and broader market risks across the banking system.
FAC comprises 12 representatives of the banking industry, one from each Federal Reserve District. Members customarily serve three one-year terms. The council convenes at least four times in a year.
Jeffrey Ludwig, president and CEO of Midland States Bancorp, and Robert Harrison, CEO of First Hawaiian Bank, were also named the council's members.
(Reporting by Pritam Biswas in Bengaluru; Editing by Leroy Leo)
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