First-Citizens Bank & Trust Company Archives

Nordea Bank and Others Provide $500MM Credit Facility to Genco Shipping & Trading

Genco Shipping & Trading, a dry bulk shipowner focused on the global transportation of commodities, closed a $500 million revolving credit facility. Nordea Bank, DNB Markets, Skandinaviska Enskilda Banken and ING Bank are mandated lead arrangers and bookrunners.

Syndicate of Lenders Provide $550MM Portfolio Financing for Aypa Power

Aypa Power, a Blackstone portfolio company and an independent power producer specializing in the development, construction and operations of utility-scale energy storage and hybrid renewable energy projects, closed a $550 million portfolio debt and tax equity financing with a syndicate of lenders.

Federal Reserve Approves Merger of First Citizens and CIT

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.

FDIC Approves Proposed Merger of First Citizens and CIT

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.

First Citizens and CIT to Merge

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.

First Citizens Bank to Acquire First South Bancorp

First-Citizens Bank & Trust Company and First South Bancorp signed a definitive merger agreement in which First South will be merged with and into First Citizens Bank in a transaction valued at approximately $37.5 million.

January 14, 2019 Barry L. Slider | First South Bancorp | First-Citizens Bank & Trust Company | Frank B. Holding Jr. Amanda Koprowski

First Citizens Completes Merger with Palmetto Heritage Bancshares

Palmetto Heritage Bancshares and its subsidiary, Palmetto Heritage Bank & Trust, merged with and into First-Citizens Bank & Trust Company and First Citizens Bank.

November 2, 2018 First Citizens Bank | First-Citizens Bank & Trust Company | Palmetto Heritage Bancshares | Palmetto Heritage Bank & Trust Amanda Koprowski

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