First Citizens Bank Acquires Silicon Valley Bank in Whole Bank Purchase

First Citizens Bank entered into an agreement with the Federal Deposit Insurance Corporation to purchase out of FDIC receivership substantially all loans and certain other assets and assume all customer deposits and certain other liabilities of Silicon Valley Bridge Bank.

March 27, 2023 First Citizens Bank | Frank B. Holding Jr. | Silicon Valley Bank Phil Neuffer

First Citizens Bank Completes Conversion of OneWest Bank

First Citizens Bank completed its conversion from OneWest Bank to First Citizens’ operations and systems division. This conversion integrates OneWest Bank customer accounts into First Citizens products and services.

July 19, 2022 CIT | First Citizens Bank | Frank B. Holding Jr. | OneWest Bank Ian Koplin

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.

December 20, 2021 CIT Bank | CIT Group | Ellen R. Alemany | Federal Reserve | First Citizens BancShares | First-Citizens Bank & Trust Company | Frank B. Holding Jr. Ian Koplin

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.

July 15, 2021 CIT Bank | CIT Group | Ellen R. Alemany | Federal Deposit Insurance Corporation | First Citizens BancShares | First-Citizens Bank & Trust Company | Frank B. Holding Jr. Ian Koplin

First Citizens and CIT Receive Stockholder Approval to Merge

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.

February 10, 2021 CIT | Ellen R. Alemany | First Citizens | Frank B. Holding Jr. Phil Neuffer

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 Bank, Biscayne Bancshares to Merge

First Citizens Bank & Trust agreed to acquire Biscayne Bancshares and its subsidiary, Biscayne Bank.

November 19, 2018 Biscayne Bancshares | Biscayne Bank | First-Citizens Bank & Trust | Frank B. Holding Jr. | Lorie Yarchin Amanda Koprowski