Diane Morais Appointed to First Citizens BancShares Board

By Hao Liu • Friday, June 27 10:11 • Permanent Link

Diane Morais has been appointed to the board of directors of First Citizens BancShares, Inc. and its subsidiary, First-Citizens Bank & Trust Company, effective July 1, 2025. Morais brings over 30 years of experience in the financial services sector, having held key leadership positions at Ally Bank and Bank of America.

At Ally Bank, Morais served as President of Consumer and Commercial Banking, overseeing the growth, profitability, and digital evolution of the bank's consumer and commercial banking division. She was instrumental in the creation and launch of the Ally brand in 2009. Her responsibilities included driving the growth of various business segments such as deposits, online brokerage, mortgage, point of sale lending, credit card, and corporate finance.

Prior to her tenure at Ally, Morais spent 12 years at Bank of America, where she held senior roles in deposit and debit products, national customer experience, card services marketing, and consumer mortgage vendor management. She also spent nine years in Citibank's credit card division in various marketing, risk, and finance roles.

Morais has been recognized for her contributions to the financial services industry, having been named to American Banker Magazine's 25 Most Powerful Women in Banking list for nine consecutive years through 2023. She received the 2024 Lifetime Achievement Award from the Charlotte Business Journal, was recognized as the 2022 Charlotte Businesswoman of the Year by Queens University, and was named one of the top 25 outstanding businesswomen in the Charlotte Business Journal's 2018 Women in Business Awards.

In her new role, Morais will serve on the Joint Risk Committee and Joint Technology Committee of First Citizens BancShares, Inc. and First Citizens Bank. Her appointment is expected to bring invaluable insight to the board.

First Citizens BancShares, Inc., a top 20 U.S. financial institution with more than $200 billion in assets and a member of the Fortune 500, is the financial holding company for First-Citizens Bank & Trust Company. The bank offers a range of general banking services, commercial banking expertise, innovation banking, personalized wealth management services, and a nationwide direct bank. Today the company's shares have moved 2.52% to a price of $1959.99. If you want to know more, read the company's complete 8-K report here.

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