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.
October 16, 2020 CIT Bank | CIT Group | Ellen R. Alemany | First Citizens BancShares | First-Citizens Bank & Trust Company | Frank Holding Jr. | Keefe Bruyette & Woods | Morgan Stanley | Piper Sandler | Smith Anderson Blount Dorsett Mitchell & Jernigan | Sullivan & Cromwell Phil Neuffer