Home Commercial trading Flood appointed to the board of directors of First Citizens BancShares

Flood appointed to the board of directors of First Citizens BancShares


RALEIGH, North Carolina, Oct. 28, 2022 (GLOBE NEWSWIRE) — Eugene Flood Jr. has been appointed to the board of directors of First Citizens BancShares (“BancShares”) and its First-Citizens Bank & Trust Company (“First Citizens Bank”) subsidiary, effective January 1, 2023. He fills the vacant position that will be created by the retirement of director Daniel Heavner, effective December 31, 2022. Heavner has been a director since 2007.

“I would like to thank Dan for his many years of dedication and service,” said Frank B. Holding Jr., President and CEO of First Citizens. “I also welcome Gene to First Citizens. The expertise he brings will be an important asset for the board and our company.

Since 2017, Flood has been a member of the board of directors of Janus Henderson Group PLC, where he currently chairs the risk committee. He is a former President and CEO of Smith Breeden Associates, a North Carolina-based fixed income asset manager. Flood also served as Executive Vice President of TIAA CREF until his retirement in 2012 and served on the CREF Board and the TIAA CREF Mutual Fund Board for seven years, including as chairman of the investment committee.

Earlier in his career, Flood held various trading and investment positions at Morgan Stanley from 1987 to 1999 and was an assistant professor of finance at the Stanford Graduate School of Business from 1982 to 1987.

In addition, Flood has served as chair of the advisory board for the Institute for Global Health and Infectious Diseases at the University of North Carolina at Chapel Hill since 2014 and director of the Research Corporation for Science Advancement since 2015. Previously, he served as a director of the Financial Accounting Foundation from 2016 to 2020 and a trustee of The Foundation for the Carolinas from 2012 to 2015.

Since 2013, Flood has been the managing partner of A Cappella Partners, a family-run office that focuses on for-profit and non-profit board business, community service and philanthropic endeavours.

Flood holds a doctorate in economics from the Massachusetts Institute of Technology. He earned a bachelor’s degree in economics from Harvard University. He and his wife reside in Chapel Hill, North Carolina. Flood was appointed as a member of the Risk Committee of BancShares and the Trust Committee of First Citizens Bank.


First Citizens BancShares, Inc. is the financial holding company of First Citizens Bank. In January 2022, First Citizens BancShares and CIT Group Inc. merged, creating one of the top 20 US financial institutions, with over $100 billion in assets.

First Citizens Bank helps individuals, businesses, businesses and high net worth customers build lasting financial strength. As America’s largest family-owned bank, First Citizens continues a unique legacy of strength, stability and long-term thinking that has spanned generations. Its commercial banking segment provides a wide range of best-in-class lending, leasing and banking services to medium and small businesses from coast to coast. Founded in 1898 and headquartered in Raleigh, North Carolina, First Citizens also operates a nationwide direct bank and a network of more than 550 branches in 22 states, many in high-growth markets. Visit firstcitizens.com. First citizen bank. Always First®

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