The board of governors of the Federal Reserve approved the previously proposed merger of First Citizens BancShares, the parent company of First-Citizens Bank & Trust Company, and CIT Group, the parent company of CIT Bank. read more

DEC 20, 2021 - 6:59 am

First Citizens BancShares, the parent company of First-Citizens Bank & Trust, and CIT Group, the parent company of CIT Bank, agreed to extend their merger agreement from Oct. 15, 2021, to March 1, 2022. read more

OCT 1, 2021 - 6:23 am

Eduard Vernède joined CIT Group as managing director in its Aerospace, Defense & Government Services business. Vernède will focus on lending activity to serve the multibillion-dollar government and defense contractor industry, as well as supporting the aerospace segment. read more

SEP 9, 2021 - 6:30 am

The Federal Deposit Insurance Corporation approved the proposed merger of First Citizens BancShares, the parent company of First Citizens Bank & Trust Company, and CIT Group, the parent company of CIT Bank. read more

JUL 15, 2021 - 6:41 am

CIT Group’s healthcare finance business served as sole lead arranger on an $18.5 million loan to finance the acquisition of the Singing River Cancer Center by Cypress West Partners. read more

APR 7, 2021 - 6:01 am

CIT Group’s asset-based lending business committed to $25 million in financing while serving as joint lead arranger on an asset-based credit facility of up to $145 million for a commercial finance company serving government contractors. read more

FEB 18, 2021 - 6:34 am

CIT Group received a score of 100 on the Human Rights Campaign Foundation's 2021 Corporate Equality Index for the second year in a row. The index is a benchmarking survey and report measuring corporate policies and practices related to LGBTQ workplace equality. read more

JAN 29, 2021 - 7:08 am

CIT Group’s annual partnership with Feeding America helped provide 2 million meals to people in need this holiday season. With the support of its customers, employees and followers, CIT brought awareness to the pressing issue of food insecurity across the country. read more

DEC 21, 2020 - 6:38 am

First Citizens BancShares, the parent company of First-Citizens Bank & Trust Company, and CIT Group, the parent company of CIT Bank, will combine in an all-stock merger of equals to create the 19th largest bank in the United States based on assets. read more

OCT 19, 2020 - 6:57 am

CIT Group’s healthcare finance group provided a $20 million senior secured credit facility for Protech Home Medical, a home medical equipment industry focused on end-to-end respiratory care. read more

SEP 22, 2020 - 5:35 am

FirstSun Capital Bancorp, through its subsidiary Sunflower Bank, acquired CIT’s trust and wealth advisory business, effective Sept. 1. read more

SEP 2, 2020 - 7:13 am

CIT Group's Power and Energy business served as coordinating lead arranger on a $266 million financing for Longroad Energy’s 331-megawatt Prospero 2 solar project in Andrews County, Texas. read more

AUG 27, 2020 - 6:38 am

CIT Group’s power and energy unit served as sole lead arranger on a $162 million financing for the East Blackland solar project in Travis County, TX. read more

AUG 19, 2020 - 6:45 am

CIT Group’s Maritime Finance business, part of its Commercial Finance division, served as sole lead arranger on $28 million refinancing for Valloeby Shipping. read more

AUG 14, 2020 - 7:12 am

CIT Group’s Power and Energy business served as lead arranger for approximately $185 million in financing for a 66-megawatt portfolio of community solar projects. read more

AUG 11, 2020 - 6:53 am