Frank B Holding Jr

President and Chief Administrative Officer, First Citizens BancShares, Inc. (banking and investment services), Raleigh, North Carolina. Mr. Holding is also a director of First Citizens BancShares, Inc. Frank Holding Jr. and his four sisters Olivia Holding, Hope Bryant, Carson Brice and Claire Bristow collectively own about 20% of First Citizens’ stock and have close to 50% voting power in the company, according to SEC filings, for a cumulative stake worth $2.7 billion thanks to 54% stock gain following the deal to purchase the retail operations of Silicon Valley Bank (SVB). Holding’s sister Hope Bryant is the vice chairwoman of First Citizens, and his brother-in-law Peter Bristow is its president. Bryant also serves on the board of Mount Olive’s $4.8 billion (assets) Southern Bancshares and $4 billion (assets) Fidelity Bancshares of Fuquay Varina, two other North Carolina banks that count the Holding family as controlling shareholders. Frank is the chairman of the board of Blue Cross and Blue Shield of North Carolina, the state’s largest health insurer, and is also on the board of the Mount Olive Pickle Company, His cousin George Holding was a four-term Republican congressman from 2013 to 2021, and his sisters Hope Bryant and Olivia Holding are listed as directors or principal owners of North Carolina companies including Twin States Farming and E&F Properties, which own thousands of acres of land.