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 ...
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 ...
The Business Journals

Could First Citizens deal for CIT Group benefit the competition? One bank CEO says yes

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Raleigh-based First Citizens’ pending buy of CIT Group ...
The Motley Fool

3 Reasons Investors Love the First Citizens-CIT Group Merger

After the deal was announced, shares of both banks soared. Following the announcement of the deal on Oct. 16, stocks for both companies surged, with First Citizens climbing more than 11% on the day ...
The Business Journals

Raleigh's First Citizens Bank to merge with CIT Group

The bank merger will create an institution with more than $100 billion in assets. In one fell swoop, Raleigh’s First Citizens Bank & Trust (NASDAQ: FCNCA) could soon become the 19th-biggest bank in ...
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 ...
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 ...