First Citizens BancShares, the parent company of First Citizens Bank, was named for the first time to the Fortune 500 list of the largest companies in the U.S. by revenue, ranking No. 182. In addition, the bank was listed at #24 on Fortune’s 2024 list of fastest-growing companies.
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.
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.
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 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.