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.
FirstSun Capital Bancorp, through its subsidiary Sunflower Bank, acquired CIT’s trust and wealth advisory business, effective Sept. 1.
The Office of the Comptroller of the Currency (OCC) has provided regulatory approval for the merger of Mutual of Omaha Bank into CIT Group’s banking subsidiary, CIT Bank.
Global Ship Lease has completed a new syndicated $268 million senior secured credit facility comprised of two tranches with major commercial lenders Credit Agricole, ABN AMRO Bank, CIT Bank, Hellenic Bank and Siemens Financial Services.
CIT Bank arranged and provided debt financing to support Stellex Capital Management’s investment in Cisco Equipment. The investment was made in partnership with the company’s CEO Christopher J. “C.J.” Sibert and management.
JPMorgan Chase Bank acted as sole bookrunner and, alongside Bank of America Merrill Lynch, joint lead arranger on $145 million in strategic financing for mobile game developer Jam City.
Wells Fargo and CIT Bank amended General Finance’s senior credit facility, increasing the maximum borrowing amount from $237 million to $260 million.