For reprint and licensing requests for this article. In addition, we encourage you to take full advantage of the many helpful guides and demonstration videos that will be available in the coming weeks in our Treasury Management Transition Center. The CIT family of companies includes a direct bank, offering a full array of consumer and small business banking products via digital and telephone access. Known for stability and a long-term approach to banking, First Citizens now operates more than 600 branches in 22 states and a national direct bank while also offering commercial financing, community association banking, middle market banking, equipment and vendor financing, railcar financing, treasury and payments services, and capital markets and asset management. CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals. 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. Bank deposit products are offered by First Citizens Bank. First Citizens, the parent of First Citizens Bank & Trust, has acquired more than 25 community banks over the past decade and now has $48 billion of assets and 550 branches in 19 states. "For First Citizens customers, everything they count on us for will stay the same: same service, same values, same commitment to helping them do more with their money. Now that we've merged our talents, systems and resources, you'll discover an even stronger financial partner by your side. ABOUT FIRST CITIZENS 100+ years of history. Remedy Medical Properties is a full-service healthcare real estate company and the largest owner of healthcare properties in the country, withmore than 28 million square feet and 25 offices spanning 43 states. First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. First Citizens' shareholders will own 61% of the combined firm and the remaining 39% will be owned by CIT Group's stockholders. icon: sys-ehl. The move comes a week after the Federal Reserve extended a public comment period on the same merger through the same day. CIT Group, Inc. recently merged with First Citizens Bank creating the 17 th largest bank in the United States with over $100B in assets. But we also encourage you to take full advantage of all the strengths of our combined organization. You can begin to use your new network of more than 550 branches in 22 states. Cautionary Notes Regarding Forward-Looking StatementsCertain of the statements made in this Press Release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. However, Holding added, this will be done in stages and much of CIT is projected to be integrated this year. The authors argue . Prior to the merger, First Citizens was actually the smaller of the two, with $48 billion in assets and a 550-branch footprint in 19 states. News releases on this website are for archival purposes. His next challenge: a looming economic downturn. Forever First. During the conversion process, First Citizens Digital Banking was temporarily unavailable. CIT has $61.7 billion in assets and 92 branches in nine states. Many bank CEOs see the end of work from home coming soon, but other industry leaders are not so sure. CIT in January completed its $1 billion purchase of the banking arm of insurance titan Mutual of Omaha a deal that saw CIT expand its presence in homeowner association banking. Known for stability and a long-term approach to banking, First Citizens now operates more than 600 branches in 22 states and a national direct bank while also offering commercial financing, community association banking, middle market banking, equipment and vendor financing, railcar financing, treasury and payments services, and capital markets and asset management. First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Fitch has withdrawn CIT's and CIT Bank's ratings as the entities no longer exist. The $49-billion asset First Citizens BancShares (FCNCA 4.25%) is merging with the $61-billion asset CIT Group in an all-stock deal that will create the 19th largest bank in the U.S., it was . Operating together as First Citizens, we're now the largest family-controlled bank in the nation. North Carolina-headquartered First Citizens is now a top 20 U.S. financial institution (based on assets), with more than $100 billion in assets, and the largest family-controlled bank in the nation. We'll continue the unique legacy of strength, stability and long-term thinking that's spanned generations. First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. | December 30, 2022 Links to third-party websites may have a privacy policy different from First Citizens Bank and may provide less security than this website. Meanwhile, much empty office space lies waiting in limbo. business operations and opportunities, (3) the occurrence of any event, change or other circumstances that could give rise to the right of one or both of the parties to terminate the definitive merger agreement between First Citizens and CIT, (4) the risk that the integration of First Citizens'and CIT'soperations will be materially delayed . In addition, Marisa J. Harney is now a member of the First Citizens executive leadership team and assumes the role of chief credit officer. NEW YORK, Dec. 14, 2022 /PRNewswire/ -- CIT, a division of First Citizens Bank, today announced that its Healthcare Finance business provided $27.8 million to a joint venture between Kayne Anderson Real Estate and Remedy Medical Properties for the acquisition of a surgical hospital and medical office building portfolio located in Wichita, Kansas. Here's a look back at the key dates for your transition. The bank previously announced a community benefits plan to reinvest $16 billion to serve low- and moderate-income (LMI) communities and borrowers through 2025. Bank serves customers at more than 550 branches in 20 states. Learn more about OneWest Bank transitioning. Founded in 1898 and headquartered in Raleigh, N.C., First Citizens Bank also operates a nationwide direct bank and a network of more than 600 branches in 22 states, many in high-growth markets. The initial merger announcement anticipated that the transaction would receive all regulatory approvals by mid-2021.Whilst the merger has received approval from the Office of the North Carolina Commissioner of Banks and the Federal Deposit Insurance Corporation, the Fed is yet to approve the merger. The equipment consists primarily of yard loaders and articulated dump trucks, which the . Item 2.01. We took special care in the transition of these critical functions to our powerful treasury management platforms. At First Citizens, we'll guide you through every step of the lending process. Now that we've merged our talents, systems and resources, you'll discover an even stronger financial partner by your side. Bank deposit products are offered by First Citizens Bank. Welcome to the First Citizens Bank family! Forever First. Over the coming months, a series of conversions to First Citizens' systems and operations will take place. In addition to its Raleigh, N.C., headquarters, First Citizens operates significant operation centers in New York, Pasadena, Omaha, Phoenix, Jacksonville, Fla., New Jersey and Columbia, S.C., among other locations. For healthcare decision-makers who want to maximize the value of their real estate while enhancing their ability to adapt, our national presence enables us to offer the right solutions in the right locations for your organization. RALEIGH, N.C.First Citizens BancShares, Inc. ("BancShares") (Nasdaq: FCNCA ) reported earnings for the third quarter and year-to-date period ended September 30, 2022. Overall, you should be able to get comfortable and familiar with your new platform in a short period of time. Kansas Spine & Specialty Hospital is a regional center for diagnosing and treating disorders of the spine, neck and joints, and is recognized as one of America's 100 best hospitals for spine surgery by Becker's Hospital Review. Get important transition details to help you take full advantage of the tools and resources available with your treasury management services. Application by First Citizens BancShares, Inc. to Acquire Merger A. by CIT Group, Inc. and CIT Bank, N.A. Additional factors which could affect the forward-looking statements can be found in First Citizens' Annual Report on Form 10-K for the fiscal year ended December 31, 2020, its Quarterly Reports on Form 10-Q for the periods ended March 31, 2021, June 30, 2021 and September 30, 2021, and its other filings with the Securities and Exchange Commission (the "SEC"), and in CIT's Annual Report on Form 10-K for the fiscal year ended December 31, 2020, as amended on Form 10-K/A, its Quarterly Reports on Form 10-Q for the periods ended March 31, 2021, June 30, 2021 and September 30, 2021, and its other filings with the SEC. CIT Bank is now a division of First Citizens Bank. As the largest family-controlled bank in the United States, First Citizens Bank is continuing a unique legacy of strength, stability and long-term thinking that has spanned generations. I'm pleased to say we are exactly where we expected to be at this point in time. The company's commercial banking segment brings a wide array of best-in-class lending, leasing and banking services to middle-market companies and small businesses from coast to coast. Follow this author to stay notified about their latest stories. Known for stability and a long-term approach to banking, First Citizens now operates more than 600 branches in 22 states and a national direct bank while also offering commercial financing, community association banking, middle market banking, equipment and vendor financing, railcar financing, treasury and payments services, and capital markets and asset management. Find a Branch Meet our associates. First Citizens has confirmed the completion of its merger with CIT Group, which was first announced in October 2020. "It brings together two companies with deep traditions of service and excellence. However, they may become outdated over time, and should not be relied on as correct after their issue date. According to the firms, First Citizens stockholders will own approximately 61% and CIT stockholders will own approximately 39% of the combined company. First Citizens is committed to investing in the communities it serves. The combined company now operates under the First Citizens Bank name. Additional factors which could affect the forward-looking statements can be found in First Citizens' Annual Report on Form 10-K for the fiscal year ended December 31, 2020, its Quarterly Reports on Form 10-Q for the periods ended March 31, 2021, June 30, 2021 and September 30, 2021, and its other filings with the Securities and Exchange Commission (the "SEC"), and in CIT's Annual Report on Form 10-K for the fiscal year ended December 31, 2020, as amended on Form 10-K/A, its Quarterly Reports on Form 10-Q for the periods ended March 31, 2021, June 30, 2021 and September 30, 2021, and its other filings with the SEC. We want you to retain your current relationships whenever possible. First Citizens Bank Supports FitLife's Acquisition of Mimi's Rock. Qualify and Close business opportunities to meet or exceed monthly origination targets and acquisition goals; Advise customers on . Discover more at cit.com/firstcitizens. Select if this is your first time logging in to digital banking, Enjoy greater banking convenience from any location and an even larger network of First Citizens branches across 19 states coast to coast, Count on a wider network of specialists in specific industries and financial disciplines who can deliver custom strategies for growing your business or managing your personal assets, Our commercial banking enhancements will bring a wide array of best-in-class lending, leasing and banking services to middle-market companies and small businesses. As the largest family-controlled bank in the U.S., First Citizens is. CIT's chairwoman and CEO, Ellen Alemany, will become vice chairwoman. In the meantime, continue to make payments as you do today. First Citizens Completes Merger With CIT Group. NEW YORK, Jan. 18, 2023 /PRNewswire/ -- First Citizens Bank today announced that its Maritime Finance group, part of the CIT division, served as sole lead arranger on $44.2 million in debt financing for Navios Maritime Partners L.P. ("Navios Partners"). Completion of the merger is a testament to the many associates on our teams who have worked so diligently to get us here.". About First Citizens First Citizens BancShares Inc. is the financial holding company for First Citizens Bank. For more information, visit our Treasury Management Transition Center. Remedy offers unmatched flexibility in every client engagement, and our adaptability enables us to provide more options in ownership, development, leasing, management, and strategy. CIT Group is a highly respected financial services company that provides an array of sophisticated financial tools, including treasury management, loans and specialized leasing, as well as advisory services to middle-market companies and small businesses nationwide. First Citizens Bank. RALEIGH, N.C., Jan. 4, 2022 /PRNewswire/ -- First Citizens BancShares Inc. (NASDAQ: FCNCA) ("First Citizens"), parent company of First-Citizens Bank & Trust Company ("First. We're excited to tell you about an even wider range of digital tools that will deliver important new opportunities: Our customers give us high marks for the intuitive, easy-to-use design of our digital tools, including First Citizens Digital Banking Commercial Advantage, which offers the flexibility to access the widest possible range of features from any device. About Remedy Medical Properties
Call Us Reach out and we'll help. KA Real Estate is part of Kayne Anderson Capital Advisors, L.P., a $34 billion alternative investment management firm with more than 38 years of successful experience in the real estate, infrastructure, credit, and growth capital sectors. UPDATE: Feb. 1, 2021:The Federal Deposit Insurance Corp. (FDIC) on Friday reopened and extended through Feb. 22 its public comment period concerning First Citizens BancShares' proposed merger with CIT Group. First Citizens BancShares (NASDAQ: FCNCA) is no stranger to deals, but acquiring CIT Group brings an entirely new set of opportunities and risks to the table; the opportunity to leverage a. First Citizens Bank announced that its Middle Market Banking business provided a total of $65.8 million in senior secured financing for affiliates of Morningstar Properties, a leading investor in and operator of self-storage facilities, marinas, and other specialty real estate assets. 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