Early Life
Olivia Holding is one of four sisters of Frank Holding, Chairman and CEO of First Citizens Bank. Her grandfather, Robert Powell Holding, began working at the bank in 1918 and became president in 1935, passing it down to her father, Lewis Holding.
Rise to Success
Olivia Holding, along with her three sisters and her brother Frank, collectively own approximately 20% of First Citizens Bank. First Citizens Bank has expanded through strategic acquisitions, particularly since the 2008 financial crisis, increasing its assets significantly. First Citizens Bank doubled its size in March 2023 with the acquisition of Silicon Valley Bank.
Key Business Strategies
The Holding family has strategically grown First Citizens Bank through opportunistic acquisitions, including FDIC-assisted purchases of failing banks. This strategy has been key to the bank's expansion and success.
Philanthropy
Olivia Holding is also involved in philanthropy. She is the President of the Ella Ann L & Frank B Holding Foundation and North State Foundation Inc. However, the specific amounts of philanthropy are not available in the search results.