RALEIGH, North Carolina, December 13 /PRNewswire/ --
Lewis R. Holding, chairman of First Citizens BancShares Inc. (Nasdaq:
FCNCA), today announced that James M. (Jay) Parker has been named vice
chairman of the company's international division.
(Photo: http://www.newscom.com/cgi-bin/prnh/20071213/CLTH085 )
In late November, BancShares announced plans to open a Representative
Office in London, England. The office, opening in the first quarter of 2008,
will be BancShares' first expansion outside of the United States.
"Jay Parker's industry knowledge and experience make him the right person
to oversee our move into the international market," said Holding. "Jay has
long played an important role in the development of our company. His
leadership will help us continue to grow BancShares and maximize our global
BancShares' new Representative Office will be located in Kingsbury House
at 15-17 King Street, one of London's premier business venues. The office
will serve as an information and referral extension of the bank. Foreign
companies that want to invest in the United States will be able to coordinate
key relationships with BancShares' two subsidiaries: First Citizens Bank and
IronStone Bank. The London office will not conduct any financial
transactions. The company currently is conducting a search in the United
Kingdom for personnel to staff the new office.
In addition to his new responsibilities, Parker will continue to serve as
chief operating officer and western division president of IronStone Bank. He
also is a director for BancShares. Parker joined First Citizens in 1966 and
served in a number of key management positions, including executive vice
president for the eastern region of North Carolina. The Clinton, N.C., native
attended the University of North Carolina at Wilmington and Chowan College.
He also served in the U.S. Navy.
First Citizens BancShares Inc. is a US$16.3 billion financial holding
company headquartered in Raleigh, N.C. Its two major subsidiaries are
109-year-old First Citizens Bank headquartered in Raleigh, N.C., and
IronStone Bank of Fort Myers, Fla. The subsidiaries provide a broad range of
financial services through a network of 396 branch offices in 17 states from
For more information on First Citizens BancShares, visit the company's
Web site at firstcitizens.com.
Web site: http://www.firstcitizens.com