American Banker

How First Citizens-CIT deal finally got done

Negotiations over the sale of CIT Group in New York took place in fits and starts for nearly a year before a deal was reached last month. First Citizens BancShares in Raleigh, N.C., agreed on Oct. 16 ...
American Banker

What’s behind the unlikely First Citizens-CIT deal

Last October, as CIT Group was ramping up its integration of Mutual of Omaha Bank, Chairwoman and CEO Ellen Alemany hinted that her New York company was open to buyout offers. “This management team ...
Business Insider

First Citizens, CIT Receive FDIC Approval Of Proposed Merger

RALEIGH, N.C. and NEW YORK, July 14, 2021 /PRNewswire/ -- First Citizens BancShares Inc. (NASDAQ: FCNCA) ("First Citizens"), the parent company of First-Citizens Bank & Trust Company, and CIT Group ...
Business Insider

First Citizens BancShares, Inc. and CIT Group Inc. Announce Transformational Partnership to Create a Top-Performing Commercial Bank

Creates diversified deposit strategy with First Citizens’ 550+ retail banking locations in key growth MSAs, including throughout the Southeast, and CIT’s rapidly growing homeowner association business ...
Winston-Salem Journal

First Citizens completes $2.16B purchase of CIT Group

First Citizens BancShares Inc. said Tuesday that it has completed its $2.16 billion purchase of CIT Group Inc. of New York. It is the largest deal in First Citizens’ 122-year history. First Citizens ...
24/7 Wall St

Is CIT Getting Enough Premium in the First Citizens Merger?

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Friday’s reporting about CIT Group Inc. (NYSE: CIT) was ...
MarketWatch

First Citizens and CIT to merge in all-stock deal that will create 19th biggest U.S. bank by assets

First Citizens BancShares Inc. and CIT Group Inc. said Friday they have agreed to an all-stock merger of equals that will create the 19th biggest bank in the U.S. by assets. Under the terms of the ...
The Motley Fool

First Citizens BancShares and CIT Merging to Create $100B Asset Bank

The deal will create the 19th largest bank in the U.S., spread across many geographic markets. The combined company will be headquartered in Raleigh, North Carolina, and have a significant presence in ...
Nasdaq

First Citizens, CIT Receive Stockholder Approval For Merger

RALEIGH, N.C. and NEW YORK, Feb. 9, 2021 /PRNewswire/ -- First Citizens BancShares, Inc. (NASDAQ: FCNCA) ("First Citizens"), the parent company of First-Citizens Bank & Trust Company, and CIT Group ...
Nasdaq

First Citizens, CIT Receive Stockholder Approval for Merger

RALEIGH, N.C. and NEW YORK, Feb. 09, 2021 (GLOBE NEWSWIRE) -- First Citizens BancShares, Inc. (NASDAQ: FCNCA) (“First Citizens”), the parent company of First ...
Troy Record

First Citizens, CIT Receive FDIC Approval Of Proposed Merger

RALEIGH, N.C. and NEW YORK, July 14, 2021 /PRNewswire/ — First Citizens BancShares Inc. (NASDAQ: FCNCA) (“First Citizens”), the parent company of First-Citizens Bank & Trust Company, and CIT Group Inc ...