First Citizens Bancshares, Inc.
To act as a standing committee of the Board of Directors authorized to make business decisions between meetings of the full Board. The Executive Committee is considered to always be in session.
The Committee is responsible to address major policy making functions and decisions, approve loans in accordance with authority delegated by loan policy and to act on behalf of the full board between regularly scheduled meetings.
Membership of the committee shall include officers and directors of the Bank. The Committee will always include the Chairman of the Board and President and CEO and such other officers deemed necessary by the Board.