{"id":509857,"date":"2021-07-06T13:48:04","date_gmt":"2021-07-06T17:48:04","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/matt-martin-joins-first-citizens-bank-as-chief-counsel\/"},"modified":"2021-07-06T13:48:04","modified_gmt":"2021-07-06T17:48:04","slug":"matt-martin-joins-first-citizens-bank-as-chief-counsel","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/matt-martin-joins-first-citizens-bank-as-chief-counsel\/","title":{"rendered":"Matt Martin Joins First Citizens Bank as Chief Counsel"},"content":{"rendered":"
\n

RALEIGH, N.C., July 06, 2021 (GLOBE NEWSWIRE) — Matthew \u201cMatt\u201d G.T. Martin has joined First Citizens Bank as Chief Counsel. He is responsible for overseeing the company\u2019s corporate and general bank legal functions, litigation management and advising executive management and its corporate board on legal matters. He will also hold the position of Corporate Secretary to the First Citizens BancShares Board of Directors.<\/p>\n

\u201cMatt is an exceptional legal professional who brings significant experience to First Citizens,\u201d said Chief Risk Officer Lorie Rupp. \u201cHis background aligns with the expected direction of our growing company; he has advised on major corporate integration projects and is a former partner with a leading North Carolina firm that serves financial institutions. We are excited to have an accomplished in-house counsel like Matt who will provide us with valuable insight and guidance.\u201d<\/p>\n

Prior to joining First Citizens, Martin served as U.S. Attorney for the Middle District of North Carolina. He was the chief federal law enforcement officer for the district, which encompasses 24 counties and approximately three million people in central North Carolina. He led the U.S. Department of Justice prosecution office responsible for all federal investigations and prosecutions in the Middle District.<\/p>\n

Prior to serving as U.S. Attorney, Martin was Associate General Counsel of Duke Energy, where he was responsible for litigation, risk management and dispute resolution and chaired an internal leadership development program. Before joining Duke Energy, Martin was partner with the law firm of Smith Anderson in Raleigh, N.C. He began his legal career with the law firm of Covington & Burling in Washington, D.C.<\/p>\n

Martin received his bachelor\u2019s degree from the University of North Carolina and his Juris Doctor degree from the University of North Carolina School of Law, where he served as editor in chief of the North Carolina Law Review.<\/p>\n

Martin has served in leadership positions on the boards of the Food Bank of Central and Eastern North Carolina, Meals on Wheels and the Marbles Kids Museum and on several committees of the North Carolina Bar Association. He also spent three years as chair of the Wake County Planning Board. He was raised in Jackson County, North Carolina, and is a graduate of the North Carolina School of Science and Math. He and his family reside in Raleigh.<\/p>\n

Founded in 1898 and headquartered in Raleigh, North Carolina, First Citizens Bank serves customers at more than 500 branches in 19 states. First Citizens Bank is a wholly owned subsidiary of First Citizens BancShares Inc. (Nasdaq: FCNCA), which had approximately $54 billion in assets as of March 31, 2021. BancShares and New York-based CIT Group Inc. have announced a pending merger of the two companies, subject to customary closing conditions, including the receipt of regulatory approvals. For more information about First Citizens, visit firstcitizens.com. First Citizens Bank. Forever First\u00ae<\/sup>.<\/p>\n

\n Forward-Looking Statements<\/strong>
\n
This communication contains \u201cforward-looking statements\u201d within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the financial condition, results of operations, business plans and future performance of BancShares and CIT. Words such as \u201canticipates,\u201d \u201cbelieves,\u201d \u201cestimates,\u201d \u201cexpects,\u201d \u201cforecasts,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cprojects,\u201d \u201ctargets,\u201d \u201cdesigned,\u201d \u201ccould,\u201d \u201cmay,\u201d \u201cshould,\u201d \u201cwill\u201d or other similar words and expressions are intended to identify these forward-looking statements.\u00a0 These forward-looking statements are based on BancShares\u2019 and CIT\u2019s current expectations and assumptions regarding BancShares\u2019 and CIT\u2019s businesses, the economy, and other future conditions.<\/p>\n

Because forward-looking statements relate to future results and occurrences, they are subject to inherent risks, uncertainties, changes in circumstances and other factors that are difficult to predict.\u00a0 Many possible events or factors could affect BancShares\u2019 and\/or CIT\u2019s future financial results and performance and could cause the actual results, performance or achievements of BancShares and\/or CIT to differ materially from any anticipated results expressed or implied by such forward-looking statements.\u00a0 Such risks and uncertainties include, among others, (1) the risk that the cost savings, any revenue synergies and other anticipated benefits of the proposed merger may not be realized or may take longer than anticipated to be realized, including as a result of the impact of, or problems arising from, the integration of the two companies or as a result of the condition of the economy and competitive factors in areas where BancShares and CIT do business, (2) disruption to the parties\u2019 businesses as a result of the announcement and pendency of the proposed merger and diversion of management\u2019s attention from ongoing business operations and opportunities, (3) the occurrence of any event, change or other circumstances that could give rise to the right of one or both of the parties to terminate the definitive merger agreement between BancShares and CIT, (4) the risk that the integration of BancShares\u2019 and CIT\u2019s operations will be materially delayed or will be more costly or difficult than expected or that BancShares and CIT are otherwise unable to successfully integrate their businesses, (5) the outcome of any legal proceedings that may be or have been instituted against BancShares and\/or CIT, (6) the failure to obtain required governmental approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the proposed transaction), (7) reputational risk and potential adverse reactions of BancShares\u2019 and\/or CIT\u2019s customers, suppliers, employees or other business partners, including those resulting from the announcement or completion of the proposed merger, (8) the failure of any of the closing conditions in the definitive merger agreement to be satisfied on a timely basis or at all, (9) delays in closing the proposed merger, (10) the possibility that the proposed merger may be more expensive to complete than anticipated, including as a result of unexpected factors or events, (11) the dilution caused by BancShares\u2019 issuance of additional shares of its capital stock in connection with the proposed merger, (12) general competitive, economic, political and market conditions, (13) other factors that may affect future results of CIT and\/or BancShares including changes in asset quality and credit risk, the inability to sustain revenue and earnings growth, changes in interest rates and capital markets, inflation, customer borrowing, repayment, investment and deposit practices, the impact, extent and timing of technological changes, capital management activities, and other actions of the Federal Reserve Board and legislative and regulatory actions and reforms, and (14) the impact of the global COVID-19 pandemic on BancShares\u2019 and\/or CIT\u2019s businesses, the ability to complete the proposed merger and\/or any of the other foregoing risks.<\/p>\n

Except to the extent required by applicable law or regulation, each of BancShares and CIT disclaims any obligation to update such factors or to publicly announce the results of any revisions to any of the forward-looking statements included herein to reflect future events or developments.\u00a0 Further information regarding BancShares, CIT and factors which could affect the forward-looking statements contained herein can be found in BancShares\u2019 Annual Report on Form 10-K for the fiscal year ended December 31, 2020, its Quarterly Reports on Form 10-Q for the period ended March 31, 2021, and its other filings with the Securities and Exchange Commission (the \u201cSEC\u201d), and in CIT\u2019s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, as amended on Form 10-K\/A, its Quarterly Reports on Form 10-Q for the period ended March 31, 2021, and its other filings with the SEC.<\/p>\n\n\n\n\n
Contact:<\/td>\nBarbara Thompson<\/td>\n<\/tr>\n
\u00a0<\/td>\nFirst Citizens Bank<\/td>\n<\/tr>\n
\u00a0<\/td>\n919-716-2716<\/td>\n<\/tr>\n<\/table>\n

A photo accompanying this announcement is available at https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/8e24b38a-53da-44eb-a4f9-f3b07d6e4d3e<\/a><\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

RALEIGH, N.C., July 06, 2021 (GLOBE NEWSWIRE) — Matthew \u201cMatt\u201d G.T. Martin has joined First Citizens Bank as Chief Counsel. He is responsible for overseeing the company\u2019s corporate and general bank legal functions, litigation management and advising executive management and its corporate board on legal matters. He will also hold the position of Corporate Secretary to the First Citizens BancShares Board of Directors. \u201cMatt is an exceptional legal professional who brings significant experience to First Citizens,\u201d said Chief Risk Officer Lorie Rupp. \u201cHis background aligns with the expected direction of our growing company; he has advised on major corporate integration projects and is a former partner with a leading North Carolina firm that serves financial institutions. We are excited to … <\/p>\n

Continue reading “Matt Martin Joins First Citizens Bank as Chief Counsel”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-509857","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nMatt Martin Joins First Citizens Bank as Chief Counsel - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/matt-martin-joins-first-citizens-bank-as-chief-counsel\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Matt Martin Joins First Citizens Bank as Chief Counsel - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"RALEIGH, N.C., July 06, 2021 (GLOBE NEWSWIRE) — Matthew \u201cMatt\u201d G.T. Martin has joined First Citizens Bank as Chief Counsel. He is responsible for overseeing the company\u2019s corporate and general bank legal functions, litigation management and advising executive management and its corporate board on legal matters. He will also hold the position of Corporate Secretary to the First Citizens BancShares Board of Directors. \u201cMatt is an exceptional legal professional who brings significant experience to First Citizens,\u201d said Chief Risk Officer Lorie Rupp. \u201cHis background aligns with the expected direction of our growing company; he has advised on major corporate integration projects and is a former partner with a leading North Carolina firm that serves financial institutions. 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