FDIC Reopens and Extends the Public Comment Period on the Proposed Mergers of First-Citizens Bank & Trust Company with CIT Group, Inc., and its Subsidiary, CIT Bank, National Association — 2021-01-29

WASHINGTON — The Federal Deposit Insurance Corporation (FDIC) has reopened and extended until February 22, 2021, the public comment period for the proposed mergers of First-Citizens Bank & Trust Company with CIT Group, Inc., and its subsidiary, CIT Bank, National Association. On December 8, 2020, the FDIC received an Interagency Bank Merger Act Application filed by First-Citizens Bank & Trust Company, Raleigh, NC, to merge with CIT Group, Inc., New York, NY, and its wholly-owned subsidiary, CIT Bank, National Association, Pasadena, CA, with First-Citizens Bank & Trust Company as the surviving entity in the proposal. A related application under the Bank Holding Company Act is being considered by the Board of Governors of the Federal Reserve System, and the comment period for that application was recently extended until February 22, 2021.