In addition to his new responsibilities, Mr Parker will continue to serve as COO and western division president of IronStone Bank. He also is a director for BancShares. Mr 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.

Lewis Holding, chairman of First Citizens BancShares, said: Jay Parker’s industry knowledge and experience make him the right person to oversee our move into the international market. Jay Parker’s industry knowledge and experience make him the right person to oversee our move into the international market.