First Citizens BancShares, parent company of First Citizens Bank, completed its previously announced merger with CIT. read more

JAN 4, 2022 - 6:30 am

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

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 won two Stevie Awards for business excellence in the 19th Annual American Business Awards. The awards included a Gold award for Company of the Year in Banking and a Silver award for Corporate Social Responsibility Program of the Year. read more

MAY 5, 2021 - 6:29 am

First Citizens BancShares, the parent company of First Citizens Bank & Trust Company, and CIT Group, the parent company of CIT Bank, jointly received stockholder approval to merge companies. read more

FEB 10, 2021 - 6:58 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

Ellen R. Alemany, chairwoman and CEO of CIT, received the Leadership Legacy Award from the Center for Executive Succession at the University of South Carolina's Darla Moore School of Business Center. read more

OCT 8, 2020 - 7:22 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 won three Stevie American Business Awards for business excellence, including a Gold award for Achievement in Management – Banking, a Silver award for FinTech Solution and a Silver award for Corporate Social Responsibility Program of the Year. read more

MAY 28, 2020 - 6:40 am

CIT reported a Q1/20 loss of $628 million, compared to net income of $119 million in Q1/19. Q1/20 net revenue of $496 million was up 6% from $466 million in Q1/19. read more

APR 21, 2020 - 6:45 am

The Office of the Comptroller of the Currency has provided regulatory approval for the merger of Mutual of Omaha Bank into CIT Group's banking subsidiary, CIT Bank. read more

NOV 20, 2019 - 6:40 am

CIT Group has launched a community benefits plan developed in collaboration with the California Reinvestment Coalition and the National Community Reinvestment Coalition. read more

NOV 4, 2019 - 6:15 am

David Harnisch joined CIT Group as president of Commercial Finance. Harnisch will succeed Jim Hudak, who is retiring after a 20-year career at CIT, effective September 3, 2019. read more

AUG 27, 2019 - 6:45 am

CIT Group and Mutual of Omaha signed a definitive agreement for CIT Bank to acquire Mutual’s savings bank subsidiary, Mutual of Omaha Bank, for a purchase price of $1 billion. read more

AUG 13, 2019 - 6:55 am

CIT Group reported its financial results for the second quarter of 2019. Q2 net income available to common shareholders was $128 million or $1.33 per diluted common share. read more

JUL 25, 2019 - 6:55 am