The Bank Slate


First Citizens adding BofA executive to its board

First Citizens BancShares in Raleigh, N.C., has added a former Bank of America executive to its board.

The $200 billion-asset company said in a press release that David Leitch will become a director on Jan. 1. He will serve on the audit committee and the compensation, nominations and governance committee.

Leitch was global general counsel at Bank of America from 2016 to 2021 and the company’s vice chairman from 2021 to 2022. Before joining BofA, he was general counsel and group vice president of Ford Motor Co.

“David’s executive leadership experience will … provide valuable insight and perspectives, helping our bank continue to successfully navigate the ever-changing landscape for large financial institutions,” Frank B. Holding Jr., First Citizens’ chairman and CEO, said in the release.

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