First Citizens BancShares Inc., parent company of First-Citizens Bank & Trust Company, announced the completion of its previously announced merger with CIT Group Inc.North Carolina-headquartered First Citizens is now a top 20 U.S. financial...
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January 04, 2022, 07:25 AM
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First Citizens BancShares, Inc., the parent company of First-Citizens Bank & Trust Company, and CIT Group Inc. the parent company of CIT Bank, N.A., jointly announced that their previous proposal to merge the two companies has received approval from...
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December 20, 2021, 07:18 AM
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First Citizens BancShares Inc., the parent company of First-Citizens Bank & Trust Company, and CIT Group Inc., the parent company of CIT Bank, N.A., jointly announced the proposal to merge the two companies has received regulatory approval from the...
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July 15, 2021, 07:20 AM
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CIT Group Inc. announced it has won two Stevie Awards for business excellence in the 19th Annual American Business Awards. The awards include a Gold award for Company of the Year in Banking and a Silver award for Corporate Social Responsibility...
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May 05, 2021, 07:00 AM
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First Citizens BancShares, Inc., the parent company of First-Citizens Bank & Trust Company, and CIT Group Inc., the parent company of CIT Bank, N.A., jointly announced that, at their respective special meetings of stockholders, First Citizens and CIT...
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February 10, 2021, 07:20 AM
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CIT Group Inc. Chairwoman and Chief Executive Officer Ellen R. Alemany has received the Leadership Legacy Award from the Center for Executive Succession at the University of South Carolina’s Darla Moore School of Business. The award honors building a...
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October 08, 2020, 07:15 AM
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CIT Group Inc. reported its second quarter 2020 financial results. The company posted a second-quarter loss to common shareholders of $98 million. That compares with net income of $128 million in the second quarter a year ago.Excluding noteworthy...
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July 21, 2020, 07:18 AM
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CIT Group Inc. announced it has won three Stevie American Business Awards for business excellence. The awards include a Gold award for Achievement in Management – Banking, a Silver award for FinTech Solution and a Silver award for Corporate Social...
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May 28, 2020, 07:21 AM
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CIT outlined a $1 million community commitment to support those affected by COVID-19. These resources will provide some immediate relief to New York City and L.A. County, the respective headquarters for the company and its bank subsidiary. In...
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March 31, 2020, 07:10 AM
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CIT Group Inc. announced its banking subsidiary, CIT Bank, N.A., completed the acquisition of Mutual of Omaha Bank on Jan. 1. This transaction advances CIT’s strategic plan through the addition of a stable, lower-cost homeowner association deposit...
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January 03, 2020, 07:30 AM
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CIT Group Inc. and Mutual of Omaha (Mutual) announced a definitive agreement for CIT’s banking subsidiary, CIT Bank, N.A., to acquire Mutual’s savings bank subsidiary, Mutual of Omaha Bank, for a purchase price of $1 billion.The purchase price will...
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August 13, 2019, 07:30 AM
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CIT Group Inc. reported second-quarter net income available to common shareholders of $128 million compared with $117 million a year ago. It posted income from continuing operations, excluding noteworthy items, available to common shareholders of...
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July 24, 2019, 07:02 AM
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CIT Group Inc., in partnership with the nonprofit Operation HOPE, introduced the next facet of its Launch and Grow initiative, a 12-week HOPE Inside program aimed at empowering women small business owners in New York City and Los Angeles. Building...
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May 03, 2019, 07:00 AM
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CIT Group Inc. reported fourth-quarter net income available to common shareholders of $82 million, compared to a net loss available to common shareholders of $98 million for the year-ago quarter. Income from continuing operations available to common...
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January 29, 2019, 07:15 AM
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The Conference Board – a member-focused think tank that provides trusted insights for what's ahead – announced the election of Ellen R. Alemany, Chairwoman and CEO of CIT Group, and Beth E. Mooney, CEO of KeyCorp, to its board of trustees.Alemany...
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December 28, 2018, 07:15 AM
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CIT Group Inc. announced that Robert Rubino has been named President of CIT Bank, N.A., the banking subsidiary of CIT, and Head of Commercial Banking, effective Feb. 25. Rubino will join the company’s Executive Management Committee and report to...
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December 05, 2018, 07:25 AM
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CIT Group Inc. revealed a simplified and refreshed brand identity aimed at presenting a more cohesive market presence following a multi-year transformation of the company. The effort includes a new marketing campaign, tagline and website reflecting...
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November 16, 2018, 07:30 AM
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CIT Group Inc. reported third-quarter net income available to common shareholders of $132 million, compared with net income available to common shareholders of $220 million for the year-ago quarter. Income from continuing operations available to...
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October 23, 2018, 07:20 AM
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CIT Group Inc. announced it has completed the sale of NACCO, its European rail leasing business, for net proceeds of $1.1 billion based on current exchange rates. The sale was completed in two separate transactions and included approximately $1.2...
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October 05, 2018, 07:20 AM
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CIT Group Inc. reported second-quarter net income available to common shareholders of $117 million, compared with net income available to common shareholders of $157 million for the year-ago quarter. Income from continuing operations available to...
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July 24, 2018, 07:28 AM
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CIT Group Inc. announced the launch of its second annual volunteer campaign, CIT Cares Month, a companywide initiative that inspires and encourages employees to volunteer in support of local communities and non-profit organizations nationwide. "We're...
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June 05, 2018, 07:05 AM
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CIT Group Inc. announced it has named Wahida Plummer as its Chief Risk Officer responsible for all enterprise risk. In addition, the company has promoted its Chief Credit Officer Marisa Harney to an expanded role leading all credit risk. Both leaders...
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May 29, 2018, 07:30 AM
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CIT Group reported first quarter net income available to common shareholders of $97 million, compared to net income available to common shareholders of $180 million for the year-ago quarter. Income from continuing operations available to common...
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April 24, 2018, 07:15 AM
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CIT Group Inc., in partnership with the nonprofit Operation HOPE, introduced the Launch and Grow video series to empower and educate small business owners. The series features small business owners across the U.S. telling their unique stories and...
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March 30, 2018, 06:30 AM
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CIT Group reported a fourth quarter net loss to common shareholders of $98 million or $0.74 per diluted common share, compared to a net loss to common shareholders of $1.1 billion or $5.65 per diluted common share for the year-ago quarter. Loss from...
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January 30, 2018, 07:15 AM
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CIT Group reported third quarter net income of $220 million compared to $131 million for the year-ago quarter. Income from continuing operations for the third quarter was $223 million compared to $94 million in the year-ago quarter. Income from...
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October 24, 2017, 07:16 AM
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CIT Bank, N.A., the bank subsidiary of CIT Group announced that it has reached an agreement to sell its reverse mortgage servicing business, Financial Freedom, and its reverse mortgage portfolio to an undisclosed buyer. The transaction includes the...
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October 09, 2017, 07:18 AM
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CIT Group reported second quarter net income of $157 million compared to $17 million for the year-ago quarter. Income from continuing operations for the second quarter was $41 million compared to $88 million in the year-ago quarter. Income from...
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July 25, 2017, 07:13 AM
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CIT Group announced that it reached a definitive agreement to sell NACCO, the European rail leasing business, to German-based VTG Aktiengesellschaft (VTG) for a purchase price of EUR 780 million, or $890 million USD based on current exchange rates...
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July 05, 2017, 07:15 AM
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CIT Group announced financial results for the first quarter ended March 31, 2017.For the quarter ended March 31, 2017, the Company reported net income of $180 million compared to $146 million for the year-ago quarter. Income from continuing...
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April 25, 2017, 07:14 AM
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CIT Group announced that John Fawcett has been named executive vice president and chief financial officer. He will succeed CFO Carol Hayles who has decided to pursue other opportunities. Fawcett will join the company as an advisor on April 17, 2017...
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April 14, 2017, 07:12 AM
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CIT Group announced that it completed the sale of its 30 percent ownership stake in the commercial aircraft leasing joint ventures TC-CIT Aviation Ireland and TC-CIT Aviation U.S., Inc. to its joint venture partner Tokyo Century Corporation (TC). ...
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April 04, 2017, 07:02 AM
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For the fourth quarter, CIT reported a net loss of $1.2 billion. Loss from continuing operations for the fourth quarter was $424 million. For the full year 2016, net loss was $861 million. Loss from continuing operations for the full year was $196...
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February 01, 2017, 07:05 AM
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CIT Group announced that Steven T. Mnuchin has resigned from its Board of Directors, effective immediately. His resignation follows President-elect Donald J. Trump’s announced intention to nominate Mnuchin as the next Secretary of the Treasury. “On...
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December 05, 2016, 06:50 AM
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CIT Group appointed Steve Solk as President of CIT Consumer Banking and President, California, effective immediately. This is in addition to his current responsibilities as President of CIT Business Capital and as a member of CIT Group’s Executive...
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December 01, 2016, 07:15 AM
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CIT Group Inc. announced it has entered into a definitive agreement to sell CIT Commercial Air, its commercial aircraft leasing business, to Avolon Holdings Limited (“Avolon”), the international aircraft leasing company and a wholly-owned subsidiary...
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October 07, 2016, 07:18 AM
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CIT Group announced the appointment of Stuart Alderoty as Executive Vice President, General Counsel and Corporate Secretary. Mr. Alderoty will join CIT from HSBC North America Holdings, Inc. where he served as General Counsel since November of 2010....
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September 14, 2016, 07:09 AM
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CIT Group reported net income of $147 million for the first quarter of 2016, compared to net income of $104 million for the year-ago quarter, which reflects results prior to the acquisition of OneWest Bank. Income from continuing operations for the...
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April 28, 2016, 07:05 AM
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CIT Group announced the appointment of John C. Erickson as President of Consumer Banking and President, California, effective immediately. He will serve on the company’s Executive Management Committee and report directly to Chief Executive Officer...
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April 26, 2016, 07:26 AM
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CIT Group today announces its strategic plan designed to drive long-term shareholder value. In connection with today’s strategic update call, CIT is delivering a slide presentation which is available at cit.com/investor. “Today, CIT announces steps...
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March 23, 2016, 07:32 AM
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CIT Group announced several changes to its Board of Directors designed to include additional industry expertise and shareholder representation:
Ellen R. Alemany has been appointed Chairwoman effective after John A. Thain’s retirement as Chairman...
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February 22, 2016, 07:15 AM
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