Bowyer Research Submits a Shareholder Proposal to First Citizens Bancshares
March 26, 2024 at 05:26 pm EDT
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On March 26, 2024, Bowyer Research filed an exempt solicitation statement submitting a shareholder proposal on behalf of Alliance Defending Freedom and urged the shareholders of First Citizens Bancshares, Inc. to vote for a shareholder proposal, seeking an evaluation of risks related to discrimination against potential clients on a range of grounds that would impact their participation in the market (and, consequently, their exercise of constitutionally protected rights in the United States). The Proposal would assist both the Company and shareholders by identifying sources of these risks?risks that have already materialized to the substantial detriment of other companies that have engaged in various forms of corporate activism in recent years, at the Company?s annual shareholders meeting.
First Citizens BancShares, Inc. is a holding company of First-Citizens Bank & Trust Company. The Company has four segments. General Banking segment delivers products and services to consumers and businesses through its network of branches and various digital channels. Commercial Banking segment provides a range of lending, leasing, capital markets, asset management and other financial and advisory services, primarily to small and middle market companies in a range of industries, including energy, healthcare, tech media and telecom, asset-backed lending, capital finance, maritime, corporate banking, aerospace and defense, and sponsor finance. Silicon Valley Banking segment offers products and services to commercial clients in key innovation markets, such as the healthcare and technology industries, as well as to private equity and venture capital firms. Rail segment offers customized leasing and financing solutions on a fleet of railcars and locomotives to railroads and shippers.
FIRST CITIZENS BANCSHARES, INC. 
