Bank deposit products are offered by First Citizens Bank. Abay Medical Plaza is leased to four tenants with the largest tenant being Abay Neuroscience Center one of the largest neurosurgery practices in Kansas and the second largest tenant being the Pain Center at Kansas Spine & Specialty Hospital. First Citizens Bank and its affiliates are not responsible for the products, services and content on any third-party website. What about my loan and credit relationships? Your current day-to-day banking will stay the same as always, and your local branches will continue to operate as usual. What you'll gain from our partnership is a new level of financial strength and opportunity. Operating together as First Citizens, we're now the largest family-controlled bank in the nation. First Citizens Bank brings together personal service and powerful tools to help customers do more with their money and make more of their future. 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. In January 2022, BancShares and CIT Group Inc. mergedcreating one of the top 20 U.S. financial institutions, with more than $100 billion in assets. But we also encourage you to take full advantage of all the strengths of our combined organization. First Citizens Bank. Holding Jr., First Citizens chairman and chief executive officer. The headquarters of First Citizens Bancshares in the Midtown neighborhood of Raleigh, NC. In the long term, all our customers will get even more services, more ways to manage their money and more places to find us.". About First Citizens Bank on Customer Service Open an Account Today Open an Account See all we have to offer. 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. "It brings together two companies with deep traditions of service and excellence. This transaction will build on those efforts and more fully unlock the potential in our core franchises. Bank deposit products are offered by First Citizens Bank. Raleigh's First Citizens Bank to merge with CIT Group (Triangle Business Journal), This is a BETA experience. There are no weak spots that we see, Holding said. First Citizens Bank brings together personal service and powerful tools to help customers do more with their moneyand make more of their future. Forever First. The words "expect," "anticipate," "intend," "plan," "believe," "seek" and "estimate," and similar expressions, are intended to identify such forward-looking statements, but other statements not based on historical information may also be considered forward-looking. Many bank CEOs see the end of work from home coming soon, but other industry leaders are not so sure. First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Over the coming months, a series of conversions to First Citizens' systems and operations will take place. If you have questions about your FDIC insurance, call the FDIC at 877-ASK-FDIC, or refer to the FDIC website for additional details. "With our deep industry relationships, experience and market expertise, we are pleased to advance the goals of Kayne Anderson Real Estate and Remedy Medical Properties by creating unique financing tailored to meet their needs," said Steven Reedy, a managing director in CIT Healthcare Finance. This conversion integratesCITBank branch customer accounts into First Citizens products and services. As a result of the merger, CIT's and CIT Bank's outstanding senior unsecured debt and subordinated debt have been assumed by First Citizens Bank. 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. As of the firm's latest proxy filing, the Holding family retains a majority of voting power over First Citizens, and Christopher Marinac, director of research for Janney Montgomery Scott, reportedly estimates the family will have about 32% of the combined company's shares. A CIT spokeswoman told American Banker to direct all questions to First Citizens, which did not immediately respond to a request for comment Friday. First Citizens Bank. Insights A few financial insights for your life Search Insights About CIT Remedy offers unmatched flexibility in every client engagement, and our adaptability enables us to provide more options in ownership, development, leasing, management, and strategy. 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First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. You are using an outdated browser. For more information, visit our Treasury Management Transition Center. CIT has $61.7 billion in assets and 92 branches in nine states. Business Checking Save money on monthly expenses. Learn all about your transition from OneWest Bank to First Citizens accounts and services. In addition, we invest continually in our platforms to provide the latest innovations, so you can be confident you have access to state-of-the-art solutions in terms of security, capabilities and ease of use. Key Rating Drivers IDRs and Viability Ratings (VRs) 2023 First-Citizens Bank & Trust Company. 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. Except to the extent required by applicable law or regulation, First Citizens disclaims any obligation to update such factors or to publicly announce the results of any revisions to any of the forward-looking statements included herein to reflect future events or developments. First Citizens Bank is positioned to be a one-stop financial services destination for customers across the country, providing a full suite of retail, business, commercial and wealth products and services. First Citizens BancShares Inc. and CIT Group Inc. recently merged, creating a top 20 US financial institution with more than $100 billion in assets. Under the transaction terms, First Citizens shareholders own about 61 percent of the combined company, with CIT Group (NYSE: CIT) owning 39 percent. Online access to CIT systems ended on July 15 at 9 pm ET. Now that we've merged our talents, systems and resources, you'll discover an even stronger financial partner by your side. Share by email icon, clcik here to share current page content by email. It's our promise. 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. "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. The merger brings together complementary strengths of both organizations, combining First Citizens Bank's robust retail franchise and full suite of banking products withCIT's strong market position in nationwide commercial lending and direct digital banking. In the meantime, continue to make payments as you do today. About First Citizens. Here's a look back at the key dates for your transition. About CIT . For now, they will be served through their current branches, websites, mobile apps, bankers and advisors. ", Get the free daily newsletter read by industry experts, Screenshot, House Financial Services Committee YouTube, CEO John Ray didn't mince words when discussing FTX's business dealings under Sam Bankman-Fried, at one point calling it "old-fashioned embezzlement.". "I'm proud of the work we have done to transform CIT in recent years to a leading, national commercial bank. The contents of any website referenced in this communication are not incorporated by reference herein. Visit the Treasury Management Transition Center. But it has been a serial acquirer over the past decade, buying more than 25 community banks, according to American Banker. RALEIGH, N.C., Jan. 4, 2022 /PRNewswire/ -- First Citizens BancShares Inc. (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. ("CIT"). Even stronger financial partner by your side served through their current branches, websites, apps! Products are offered by First Citizens Bank on Customer service Open an Account see all we have to offer systems... To share current page content by email assets and 92 branches in nine.. Raleigh 's First Citizens accounts and services, NC more information, visit our Treasury Management transition Center visit! The largest family-controlled Bank in the nation in recent years to a,... 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