First Citizens BancShares, and its First-Citizens Bank & Trust subsidiary, appointed Eugene Flood Jr. to the board of directors, effective Jan. 1. Flood will fill the vacancy after the retirement of director Daniel Heavner, effective Dec. 31, 2022. read more

OCT 31, 2022 - 7:08 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

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

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

M&A activity almost came to a halt in 2020, but 2021 has kicked off with a flurry of activity. James Jackson reviews the notable transactions of the last year and says future economic indicators point to continued M&A activity in 2021 as well as strong valuations of quality equipment finance companies.... read more

May 2021

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