CIT completes merger with First Citizens Bank

  Dear Kenneth,

I’m pleased to share that on Jan. 4, 2022, CIT Group Inc. and First Citizens BancShares Inc., the parent company of First Citizens Bank, completed their previously announced merger. This transformational merger has created a Top 20 U.S. bank by assets with the ability to bring together our complementary strengths and serve a broader spectrum of businesses with more products and services over time.

Rest assured, there will be no change to your current business, and you will continue to work with the same great community association banking team the way you always have. You can also continue to access your account online.

As the largest family-controlled bank in the United States, First Citizens continues a unique legacy of strength, stability and long-term thinking that has spanned generations. Headquartered in Raleigh, N.C., First Citizens offers a depth of expertise that helps personal, business, commercial, HOA and wealth clients build financial strength that lasts.

In the coming days, a member of the community association banking team will reach out to you to answer any questions you may have. In the meantime, for more information about the transaction please visit cit.com/firstcitizens.

We look forward to the future and helping you and your business thrive.

Alan DeTata

President, Community Association Banking