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First Citizens Wealth Appoints Phillip Strickland to Lead Combined Personal and Institutional Trust Organization

RALEIGH, N.C. — March 5, 2024 — First Citizens Wealth today announced that Phillip Strickland has been named to lead the bank’s newly combined Personal and Institutional Trust organization.

In his expanded role as executive director, Trust and Fiduciary Services, Strickland will oversee all trust and fiduciary areas on a national scale while leading the newly combined Personal and Institutional Trust organization.

For the last four years, Strickland has led First Citizens Wealth’s Institutional Trust group, which has delivered consistent results while forging strong partnerships across the bank.

“Phillip is well versed in the trust and fiduciary world and has been a valuable part of First Citizens Wealth since he joined the bank in 2005,” said Michael Wilson, Wealth executive director. “I’m confident his expertise and leadership abilities will help us realize the full potential of our newly combined Personal and Institutional Trust organization.”

Strickland holds master’s degrees in trust and wealth management and business administration from Campbell University, where he serves as adjunct professor at the Lundy Fetterman School of Business. He also teaches at the Trust Advisor Institute.

“I am pleased and honored by the confidence Michael and all my colleagues have placed in me,” Strickland said. “We have an awesome opportunity in front of us to better serve clients by combining personal and institutional trust into a single unit. I’m looking forward to the challenge of taking this business to the next level.”

First Citizens Wealth empowers clients with a comprehensive set of services and solutions to meet their unique and evolving needs. The team's holistic approach, goals-based strategy and personalized service help ensure clients can make smart decisions at every stage of their financial journey.

About First Citizens Bank
First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in Raleigh, N.C., First Citizens has built a unique legacy of strength, stability and long-term thinking that has spanned generations. First Citizens offers an array of general banking services including a network of more than 500 branches and offices in 30 states; commercial banking expertise delivering best-in-class lending, leasing and other financial services coast to coast; innovation banking serving businesses at every stage; and a nationwide direct bank. Parent company First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial institution with more than $200 billion in assets. Discover more at

John M. Moran