Olivia Holding

Early Life

Olivia Holding was born into a family with deep roots in the banking industry. Her grandfather, Robert Powell Holding, began working at First Citizens Bank in 1918 and became its president by 1935. He later passed the leadership to his son, Lewis Holding, Olivia's father.

Rise to Success

Olivia Holding, along with her three sisters and brother Frank, collectively own a significant portion of First Citizens Bank. The family's involvement in the bank has spanned generations, with each member playing a role in the institution's growth and success. The Holding family has also been involved in various acquisitions and strategic moves, including the acquisition of Silicon Valley Bank, which significantly boosted the family's wealth.

Key Business Strategies

The family's key business strategy revolves around the First Citizens Bank, a commercial banking chain. First Citizens has expanded through opportunistic acquisitions, especially since the 2008 financial crisis, which has involved over 20 FDIC-assisted acquisitions of failing banks. This strategy has led to substantial growth, making First Citizens Bank one of the largest banks in the United States.

Philanthropy

Olivia Holding is involved in several philanthropic initiatives, particularly through the Ella Ann L & Frank B Holding Foundation, and North State Foundation Inc.