First citizens, cit receive fdic approval of proposed merger

Raleigh, n.c. and new york, july 14, 2021 (globe newswire) -- first citizens bancshares inc. (nasdaq: fcnca) (“first citizens”), the parent company of first-citizens bank & trust company, and cit group inc. (nyse: cit) (“cit”), the parent company of cit bank, n.a., jointly announced that the proposal to merge the two companies has received regulatory approval from the federal deposit insurance corporation (“fdic”).
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