![]() Over the coming months, a series of conversions to First Citizens' systems and operations will take place. For now, they will be served through their current branches, websites, mobile apps, bankers and advisors. Completion of the merger is a testament to the many associates on our teams who have worked so diligently to get us here."ĬIT, CIT Bank and OneWest Bank will initially operate as divisions of First Citizens Bank, and these customers will be able to continue to bank as they normally do. ![]() We're not just creating a bigger bank – we're creating an even better bank – one that helps more people in more places and strengthens the communities we serve. "It brings together two companies with deep traditions of service and excellence. Holding Jr., First Citizens chairman and chief executive officer. "This is a transformational milestone in our 124-year history," said Frank B. ![]() The combined company now operates under the First Citizens Bank name. The merger brings together complementary strengths of both organizations, combining First Citizens Bank's robust retail franchise and full suite of banking products with CIT's strong market position in nationwide commercial lending and direct digital banking. financial institution (based on assets), with more than $100 billion in assets, and the largest family-controlled bank in the nation. North Carolina-headquartered First Citizens is now a top 20 U.S. (NASDAQ: FCNCA) ("First Citizens"), parent company of First-Citizens Bank & Trust Company (" First Citizens Bank"), today announced completion of its previously announced merger with CIT Group Inc. 4, 2022 /PRNewswire/ - First Citizens BancShares Inc.
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