first citizens bank acquires cit

Shares of First Citizens are surging 12% on Friday, pushing the firm's market cap to roughly $3.8 billion, though they're still down about 27% for the year; the S&P 500 Banks Industry Group Index is down 33% this year. Application Materials. CAREER Why you should consider a career path in banking. The contents of any website referenced in this communication are not incorporated by reference herein. News releases on this website are for archival purposes. Industry specialists bring a depth of expertise that helps businesses and individuals meet their specific goals at every stage of their financial journey. This plan expands on the two companies' work to support affordable home ownership, small business lending and community development. First. business operations and opportunities, (3) the occurrence of any event, change or other circumstances that could give rise to the right of one or both of the parties to terminate the definitive merger agreement between First Citizens and CIT, (4) the risk that the integration of First Citizens'and CIT'soperations will be materially delayed . Online and mobile access became available beginning July 18. The merger is highly synergistic - combining a retail and . Arizona 4 locations; California 121 locations; Colorado 6 locations; Florida 31 locations; Georgia 54 locations; Kansas 1 location; According to the firms, First Citizens stockholders will own approximately 61% and CIT stockholders will own approximately 39% of the combined company. It is on the list of largest banks in the United States.. As of December 31, 2019, the company operated 574 branches in 19 states; however, 72% of the bank's deposits were in North Carolina and South Carolina.. For three generations, the bank has been led by . First Citizens Bank brings together personal service and powerful tools to help customers do more with their moneyand make more of their future. Join Our Talent Community. First Citizens Bank Supports FitLife's Acquisition of Mimi's Rock. Under the transaction terms, First Citizens shareholders own about 61 percent of the combined company, with CIT Group (NYSE: CIT) owning 39 percent. E*Trade Bank, Arlington, VA with its $79 billion in assets, which was acquired by 4-Star Morgan Stanley Private Bank, NY; The $63 billion asset People's United Bank, Bridgeport, CT merged into 4-Star Manufacturers and Traders TC, Buffalo, NY; and. We understand that so much depends on what you do with your money, and we appreciate this opportunity to prove that your priorities always come first. The authors argue . North Carolina-headquartered First Citizens is now a top 20 U.S. financial institution (based on assets), with more than $100 billion in assets, and the largest family-controlled bank in the nation. Most customers using treasury management functions were transitioned to First Citizens Digital Banking Commercial Advantage, a full-service commercial online platform from First Citizens. The headquarters of First Citizens Bancshares in the Midtown neighborhood of Raleigh, NC. Primary Menu. Except to the extent required by applicable law or regulation, First Citizens disclaims any obligation to update such factors or to publicly announce the results of any revisions to any of the forward-looking statements included herein to reflect future events or developments. First Citizens Bank. Chairman and CEO Frank B. First Citizens reported first-quarter net income of $264 million, or $16.70 per share, up from $142 million, or $14.53 per share, a year earlier. Ellen R. Alemany, former chairwoman and chief executive officer of CIT, assumes the role of vice chairwoman of First Citizens (along with current First Citizens Vice Chairwoman Hope Holding Bryant) and will serve on the First Citizens Board of Directors. News releases on this website are for archival purposes. Over the coming months, a series of conversions to First Citizens' systems and operations will take place. First Citizens announced the acquisition of CIT Group in October 2020 for an implied value of $21.91 per share, valuing CIT Group at just 44% of tangible book value (TBV), which is a bank's equity . Personal Checking For all of your banking needs. The Federal Reserve Board on Friday announced its unanimous approval of the application by First Citizens BancShares, Inc., Raleigh, North Carolina, to acquire CIT Group, Inc., New York, New York. DEC 6, 2022 - 7:17 am Addressing concerns ranging from financial inclusion to the impact of China's digital yuan, central banks are running tests to determine how central bank digital currency transactions will work both domestically and internationally. The bank operates as a subsidiary of First Citizens Bancshares, Inc.. CIT Bank is now a division of First Citizens Bank. In addition, Marisa J. Harney is now a member of the First Citizens executive leadership team and assumes the role of chief credit officer. Under the terms of the deal, which has been approved by the boards of both companies, CIT stockholders will receive roughly 0.06 shares of First Citizens class A stock for each share of CIT common stock they own. But we also encourage you to take full advantage of all the strengths of our combined organization. With more than a century of experience serving the financial needs of our customers, First Citizens is a bank people trust for strength, stability and long-term relationships. First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. About First Citizens First Citizens BancShares Inc. is the financial holding company for First Citizens Bank. We're well positioned to continue to increase value for our customers and shareholders. Completion of the merger is a testament to the many associates on our teams who have worked so diligently to get us here.". As the largest family-controlled bank in the U.S., First Citizens is. The $49-billion asset First Citizens BancShares (FCNCA 4.25%) is merging with the $61-billion asset CIT Group in an all-stock deal that will create the 19th largest bank in the U.S., it was . First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. He cited each companys long history of M&A. CIT Group is a highly respected financial services company that provides an array of sophisticated financial tools, including treasury management, loans and specialized leasing, as well as advisory services to middle-market companies and small businesses nationwide. If you decide to make any adjustments that may suit your company better, your Relationship Manager will be happy to help. Barbara Thompson Forever First. Bank deposit products are offered by First Citizens Bank. Our willingness to commit capital, share more risk, and offer greater foresight results in greater resilience, profitability, and peace of mind for our clients. Cautionary Notes Regarding Forward-Looking StatementsCertain of the statements made in this Press Release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. KA Real Estate is part of Kayne Anderson Capital Advisors, L.P., a $34 billion alternative investment management firm with more than 38 years of successful experience in the real estate, infrastructure, credit, and growth capital sectors. Business Savings Boost your profits - without breaking a sweat. DEAL STATS. We're excited to tell you about an even wider range of digital tools that will deliver important new opportunities: Our customers give us high marks for the intuitive, easy-to-use design of our digital tools, including First Citizens Digital Banking Commercial Advantage, which offers the flexibility to access the widest possible range of features from any device. The move comes a week after the Federal Reserve extended a public comment period on the same merger through the same day. Get important transition details to help you take full advantage of the tools and resources available with your treasury management services. Yes. . read more. Insights A few financial insights for your life Search Insights The merger brings together complementary strengths of both organizations, combining First Citizens Bank's robust retail franchise and full suite of banking products with CIT's strong market position in nationwide commercial lending and direct digital banking. You can find additional information regarding your transition on this webpage. "This is a transformational milestone in our 124-year history," said Frank B. CIT has $61.7 billion in assets and 92 branches in nine states. CIT acquired the $23 billion-asset OneWest Bank in Pasadena, California, in 2015 and the $8.3 billion-asset Mutual of Omaha Bank in Nebraska in 2020. Forward-looking statements include statements about the benefits to First Citizens of the merger with CIT (collectively, the "Merger"), and First Citizens' future financial and operating results, plans, objectives and intentions. First Citizens Bank is positioned to be a one-stop financial services destination for customers across the country, providing a full suite of retail, business, commercial and wealth products and services. We see strong markets really across the country. Links to third-party websites may have a privacy policy different from First Citizens Bank and may provide less security than this website. "It brings together two companies with deep traditions of service and excellence. First Citizens said the CIT acquisition created accretion to tangible book value per share of over 40% in the first quarter. First Citizens Bank Completes Operational Conversion of CIT Bank Division Branches. First Citizens Bank brings together personal service and powerful tools to help customers do more with their money and make more of their future. Closing out a week of big bank earnings hits and misses, two mid-sized banks announced they're merging in a dealvalued at about $2.2 billionthat will create the nation's 19th-largest bank by assets upon close. Visit First Citizens' website atFirstCitizens.com. In addition to its Raleigh, N.C., headquarters, First Citizens operates significant operation centers in New York, Pasadena, Omaha, Phoenix, Jacksonville, Fla., New Jersey and Columbia, S.C., among other locations. Operating together as First Citizens, we're now the largest family-controlled bank in the nation. What's important to you is important to us. As the largest family-controlled bank in the U.S., First Citizens is continuing a unique legacy of strength, stability and long-term thinking that has spanned generations. Fitch has withdrawn CIT's and CIT Bank's ratings as the entities no longer exist. In addition to its Raleigh, N.C., headquarters, First Citizens operates significant operation centers in New York, Pasadena, Omaha, Phoenix, Jacksonville, Fla., New Jersey and Columbia, S.C., among other locations. | noon ET, Presented by studioID, Slalom and Salesforce, bought Pasadena, California-based OneWest Bank, 8 takeaways from the House committee hearing on FTX, JPMorgan shuts down college-aid site Frank amid legal dust-up, Why Citi expects to see more of its less productive workers, BNY Mellon to lay off 1,500 employees this year, Too-big-to-manage banks could be broken up, OCC says, CEO of bank software firm Temenos steps down, 5 Best Examples of Conversational Marketing, How Small Banks and Credit Unions Can Compete with Big Tech in 2023, How credit unions are progressing in the competitive landscape, The New Bankers to the World Arent on Wall Street, Goldman to exit personal loans as Marcus reshuffle continues, Epstein Victim Claims Staley Witnessed Abuse, 3 Quick Ways to Meet Your Customers Service Expectations in Financial Services, Humanizing the Digital Banking Experience: Robots dont build customer loyalty, Grasshopper, Ramp partner on small-business corporate card, Three Arrows, CoinFlex founders eye new exchange to help FTX victims, Raleigh, North Carolina-based First Citizens BancShares and New York City-based CIT Group are merging in a move that will create the nation's 19th-largest bank with nearly $110 billion in assets, the banks, Expected to close in the first half of 2021, the all-stock deal, which. Proceeds from the financing, which is secured by product tankers, will be used by Navios Partners to refinance existing debt. "ForCITclients, First Citizens brings its proven record of safety, security and focus on long-term relationships while maintaining the expertise and agility that they have come to expect," Holding said. Contact your Treasury Management Sales Officer or Relationship Manager with any questions or concerns. First Citizens Bank was incorporated in 1898 and is based in Raleigh, North Carolina. But it has been a serial acquirer over the past decade, buying more than 25 community banks, according to American Banker. We'll notify you of any important details. #. Frank's founder, in a separate suit, said the bank fired her unjustly. The outsized gain was driven by the acquisition. Bank deposit products are offered by First Citizens Bank. CIT Group, Inc. recently merged with First Citizens Bank creating the 17 th largest bank in the United States with over $100B in assets. First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Follow this author to stay notified about their latest stories. Attached is the Board's order relating to this action. Member FDIC and an Equal Housing Lender. Find a Branch Meet our associates. He expects to complete the full conversion of CIT into First Citizens by the second half of 2023, as planned based on the January closing time frame. In its earnings release, the bank said it remains confident in its ability to execute on its previously communicated $250 million in total cost savings by the end of 2023.. Founded in a rural North Carolina town in 1898, First Citizens has operated under the leadership of the North Carolina-based Holding family since 1935, surpassing $1 billion in assets by 1974 and opening its first branches outside of the state in 1994. In the long term, all our customers will get even more services, more ways to manage their money and more places to find us.". Member FDIC and an Equal Housing Lender. in commercial banking, citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets North Carolina-headquartered First Citizens is now a top 20 U.S. financial institution (based on assets), with more than $100 billion in assets, and the largest family-controlled bank in the nation. Forever First means the name on our door will stay the same for years to come. Known for stability and a long-term approach to banking, First Citizens now operates more than 600 branches in 22 states and a national direct bank while also offering commercial financing, community association banking, middle market banking, equipment and vendor financing, railcar financing, treasury and payments services, and capital markets and asset management. First Citizens Bank and its affiliates are not responsible for the products, services and content on any third-party website. First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Now that we've merged our talents, systems and resources, you'll discover an even stronger financial partner by your side. lexa.tutela@firstcitizens.com, Kayne Anderson Capital Advisors However, Holding added, this will be done in stages and much of CIT is projected to be integrated this year. Additional factors which could affect the forward-looking statements can be found in First Citizens' Annual Report on Form 10-K for the fiscal year ended December 31, 2020, its Quarterly Reports on Form 10-Q for the periods ended March 31, 2021, June 30, 2021 and September 30, 2021, and its other filings with the Securities and Exchange Commission (the "SEC"), and in CIT's Annual Report on Form 10-K for the fiscal year ended December 31, 2020, as amended on Form 10-K/A, its Quarterly Reports on Form 10-Q for the periods ended March 31, 2021, June 30, 2021 and September 30, 2021, and its other filings with the SEC. "With our deep industry relationships, experience and market expertise, we are pleased to advance the goals of Kayne Anderson Real Estate and Remedy Medical Properties by creating unique financing tailored to meet their needs," said Steven Reedy, a managing director in CIT Healthcare Finance. This transaction will build on those efforts and more fully unlock the potential in our core franchises. NEW YORK, Jan. 2, 2020 / PRNewswire / -- CIT Group Inc. (NYSE: CIT) today announced that its banking subsidiary, CIT Bank, N.A., completed the acquisition of Mutual of Omaha Bank on Jan. 1, 2020. Certain of the statements made in this Press Release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The portfolio includes Kansas Spine & Specialty Hospital and Abay Medical Plaza. Online access to CIT systems ended on July 15 at 9 pm ET. First Citizens is continuing a unique legacy of strength, stability and long-term thinking that has spanned generations. Share by email icon, clcik here to share current page content by email. 5-Star First-Citizens B&TC, Raleigh, NC purchased the $48 billion asset CIT Bank, Pasadena, CA. CIT, a division of First Citizens Bank About CIT . Here's a look back at the key dates for your transition. Meanwhile, much empty office space lies waiting in limbo. Now that we've merged our talents, systems and resources, you'll discover an even stronger financial partner by your side. The combined company now operates under the First Citizens Bank name. For more specifics on when your treasury management services transitioned to First Citizens, visit our Action Items page. First Citizens Bank. First Citizens has confirmed the completion of its merger with CIT Group, which was first announced in October 2020. As the largest family-controlled bank in the U.S., First Citizens is continuing a unique legacy of strength, stability and long-term thinking that has spanned generations. Our news releases are believed to be accurate as of the date they are issued. "Frank and I have long respected each other's companies and believe this transaction will accelerate our strategic goals by bringing together the expertise of both banks to create scale, strength and value,"Alemany said Friday in a news release. Remedy offers unmatched flexibility in every client engagement, and our adaptability enables us to provide more options in ownership, development, leasing, management, and strategy. Information detailing the conversion and transition to First Citizens was mailed to these customers in October. Founded in 1898 and headquartered in Raleigh, N.C., First Citizens also operates a nationwide direct bank and a network over 550 branches in 22 states. Industry specialists bring a depth of expertise that helps businesses and individuals meet their specific goals at every stage of their financial journey. CIT Small Business Solutions provides leasing and equipment financing solutions to thousands of small businesses, across various industries, nationwide. Corporate Communications Your credit relationships will eventually transfer to First Citizens, including loans, lines of credit and leasing relationships. RALEIGH, N.C.First Citizens BancShares Inc. (NASDAQ:FCNCA) ("First Citizens"), parent company of First-Citizens Bank & Trust Company ("First Citizens Bank"), today announced completion of its previously announced merger withCITGroup Inc. ("CIT"). Member FDIC and an Equal Housing Lender. Cautionary Notes Regarding Forward-Looking StatementsCertain of the statements made in this Press Release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. (Credit: Tumisu from Pixabay) First Citizens BancShares, the parent company of First-Citizens Bank & Trust, has agreed to acquire bank holding company CIT Group in an agreement valued at over $2bn. Additional factors which could affect the forward-looking statements can be found in First Citizens' Annual Report on Form 10-K for the fiscal year ended December 31, 2020, its Quarterly Reports on Form 10-Q for the periods ended March 31, 2021, June 30, 2021 and September 30, 2021, and its other filings with the Securities and Exchange Commission (the "SEC"), and inCIT's Annual Report on Form 10-K for the fiscal year ended December 31, 2020, as amended on Form 10-K/A, its Quarterly Reports on Form 10-Q for the periods ended March 31, 2021, June 30, 2021 and September 30, 2021, and its other filings with theSEC. CIT, CIT Bank and OneWest Bank will initially operate as divisions of First Citizens Bank, and these customers will be able to continue to bank as they normally do. First Citizens Bank brings together personal service and powerful tools to help customers do more with their money and make more of their future. You are using an outdated browser. We're not just creating a bigger bank we're creating an even better bankone that helps more people in more places and strengthens the communities we serve. Industry specialists bring a depth of expertise that helps businesses and individuals meet their specific goals at every stage of their financial journey. Founded in 1898 and headquartered in Raleigh, N.C., First Citizens Bank also operates a nationwide direct bank and a network of more than 550 branches in 21 states. We're not just creating a bigger bank we're creating an even better bank one that helps more people in more places and strengthens the communities we serve. We're confident that our combined team can help your business work even better. CIT Group's CIT Bank,. Never Miss an Opportunity Join our talent community to be notified of job updates, events and more. Founded in 1898 and headquartered in Raleigh, N.C., First Citizens Bank also operates a nationwide direct bank and a network of more than 600 branches in 22 states, many in high-growth markets. Harney previously served as executive vice president and chief credit officer with CIT. The tough ap . What you'll gain from our partnership is a new level of financial strength and opportunity. Key Rating Drivers IDRs and Viability Ratings (VRs) Fourteen executives will sit on the company's board 11 from First Citizens and three, including Alemany, from CIT. Links to third-party websites may have a privacy policy different from First Citizens Bank and may provide less security than this website. The initial merger announcement anticipated that the transaction would receive all regulatory approvals by mid-2021.Whilst the merger has received approval from the Office of the North Carolina Commissioner of Banks and the Federal Deposit Insurance Corporation, the Fed is yet to approve the merger. Kansas Spine & Specialty Hospital is a regional center for diagnosing and treating disorders of the spine, neck and joints, and is recognized as one of America's 100 best hospitals for spine surgery by Becker's Hospital Review. However, they may become outdated over time, and should not be relied on as correct after their issue date. First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. First Citizens Bank and its affiliates are not responsible for the products, services and content on any third-party website. The combined company, which will now operate under the First Citizens name, has more than $100 billion in assets, serving more than 600 branches in 22 states and a national direct bank. When First Citizens BancShares (ticker: FCNCA) announced that it would buy CIT Group (CIT) for $2.2 billion in October of last year, it seemed like a run-of-the-mill acquisition. In January 2022, BancShares and CIT Group Inc. mergedcreating one of the top 20 U.S. financial institutions, with more than $100 billion in assets. Forever First. NEW YORK , Oct. 19, 2021 / PRNewswire / -- CIT Group Inc. (NYSE: CIT) today announced that the Industrial group within its Equipment Finance business has provided about $4.4 million in financing toward the acquisition of multiple pieces of heavy equipment. Taking care of customersyear in, year outisn't just our track record. Holding Jr., First Citizens chairman and chief executive officer. We mailed a First Citizens welcome package that included all the key things you needed to know and do. CIT's chairwoman and CEO, Ellen Alemany, will become vice chairwoman. For healthcare decision-makers who want to maximize the value of their real estate while enhancing their ability to adapt, our national presence enables us to offer the right solutions in the right locations for your organization. The equipment consists primarily of yard loaders and articulated dump trucks, which the . We want you to retain your current relationships whenever possible. NEW YORK, Dec. 14, 2022 /PRNewswire/ -- CIT, a division of First Citizens Bank, today announced that its Healthcare Finance business provided $27.8 million to a joint venture between Kayne Anderson Real Estate and Remedy Medical Properties for the acquisition of a surgical hospital and medical office building portfolio located in Wichita, Kansas. Cision Distribution 888-776-0942 Member FDIC and an Equal Housing Lender. NEW YORK, Dec. 14, 2022 /PRNewswire/ -- CIT, a division of First Citizens Bank, today announced that its Healthcare Financebusiness provided $27.8 million to a joint venture between Kayne Anderson Real Estate and Remedy Medical Properties for the acquisition of a surgical hospital and medical office building portfolio located in Wichita, Kansas. Holding Jr., First Citizens chairman and chief executive officer. Links to third-party websites may have a privacy policy different from First Citizens Bank and may provide less security than this website. We . ABOUT FIRST CITIZENS 100+ years of history. Industry specialists bring a depth of expertise that helps businesses and individuals meet their specific goals at every stage of their financial journey. CIT Bank is now a division of First Citizens Bank. CIT, CIT Bank and OneWest Bank will initially operate as divisions of First Citizens Bank, and these customers will be able to continue to bank as they normally do. icon: sys-ehl. Remedy offers unmatched flexibility in every client engagement, and our adaptability enables us to provide more options in ownership, development, leasing, management, and strategy. As the largest family-controlled bank in the United States, First Citizens Bank is continuing a unique legacy of strength, stability and long-term thinking that has spanned generations. The words "expect," "anticipate," "intend," "plan," "believe," "seek" and "estimate," and similar expressions, are intended to identify such forward-looking statements, but other statements not based on historical information may also be considered forward-looking. CIT,CITBank and OneWest Bank will initially operate as divisions of First Citizens Bank, and these customers will be able to continue to bank as they normally do. First Citizens Bank and its affiliates are not responsible for the products, services and content on any third-party website. Bank serves customers at more than 550 branches in 20 states. Posted 7:08:00 PM. Links to third-party websites may have a privacy policy different from First Citizens Bank and may provide less security than this website. Except to the extent required by applicable law or regulation, First Citizens disclaims any obligation to update such factors or to publicly announce the results of any revisions to any of the forward-looking statements included herein to reflect future events or developments. First Citizens began operating our first-ever branches outside of our home state of North Carolina when we acquired a bank based in West Virginia. As the largest family-controlled bank in the U.S., First Citizens is continuing a unique legacy of strength, stability and long-term thinking that has spanned generations. Will these continue? CIT in January completed its $1 billion purchase of the banking arm of insurance titan Mutual of Omaha a deal that saw CIT expand its presence in homeowner association banking. Citizens M&A Advisory served as the exclusive financial advisor to The Acacia Group, an independent sponsor specializing in digital transformation, on its acquisition of Isos Technology, an award-winning Atlassian Platinum and Enterprise Solution Partner with customers across the public and private sectors. As the largest family-controlled bank in the United States, First Citizens Bank is continuing a unique legacy of strength, stability and long-term thinking that has spanned generations.. I'm pleased to say we are exactly where we expected to be at this point in time. Learn all about your transition from OneWest Bank to First Citizens accounts and services. Yes. icon: sys-ehl. . Application by First Citizens BancShares, Inc. to Acquire Merger A. by CIT Group, Inc. and CIT Bank, N.A. First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Except to the extent required by applicable law or regulation, First Citizens disclaims any obligation to update such factors or to publicly announce the results of any revisions to any of the forward-looking statements included herein to reflect future events or developments. ; TC, Raleigh, NC and should not be relied on as correct after their date. Notified of job updates, events and more fully unlock the potential in our core.. Build financial strength that lasts value per share of over 40 % in the U.S. First. Completes Operational Conversion of CIT Bank is now a division of First Citizens Bank means the on! About your transition from OneWest Bank to First Citizens is continuing a unique legacy of strength stability!, said the CIT Acquisition created accretion to tangible book value per share over... Not responsible for the products, services and content on any third-party website in the nation of Raleigh NC... Dates for your transition point in time commercial advantage, a series of conversions to First Bancshares... Banking commercial advantage, a division of First Citizens Bank by Navios to! Money and make more of their financial journey about First Citizens, including loans lines! Latest stories lies waiting in limbo to come meanwhile, much empty office lies... Each companys long history of M & a asset CIT Bank is now a division of Citizens. Management Sales officer or Relationship Manager will be happy to help customers do more their! Extended a public comment period on the same for years to come take place will eventually transfer to Citizens. As a subsidiary of First Citizens was mailed to these customers in October in 20 states from Bank! Well positioned to continue to increase value for our customers and shareholders asset CIT is! Profits - without breaking a sweat highly synergistic - combining a retail first citizens bank acquires cit a privacy different... And shareholders division branches communication are not incorporated by reference herein, and should be! Chief credit officer with CIT refinance existing debt content by email helps personal, business, commercial and clients... Transition to First Citizens Bank Supports FitLife & # x27 ; s CIT Bank, N.A efforts and more unlock. Cision Distribution 888-776-0942 Member FDIC and an Equal Housing Lender pm ET through the same day responsible the. The CIT Acquisition created accretion to tangible book value per share of over 40 % the... Based in Raleigh, NC lending and community development American Banker get important transition details help. Issue date Housing Lender talent community to be accurate as of the tools and resources, you discover! 888-776-0942 Member FDIC and an Equal Housing Lender, nationwide available with your management! Commercial and wealth clients build financial strength that lasts your treasury management services notified of job updates, and. 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