Item 8.01 Other Events.

CIT Group Inc. (the "Company") and First Citizens BancShares, Inc. ("First Citizens") issued a joint press release on December 17, 2021, announcing that First Citizens has received the final required regulatory approval from the Board of Governors of the Federal Reserve System to complete its previously announced merger with the Company pursuant to the Agreement and Plan of Merger, dated October 15, 2020, by and among First Citizens, First-Citizens Bank & Trust Company, a North Carolina chartered commercial bank and direct, wholly owned subsidiary of First Citizens ("FCB"), FC Merger Subsidiary IX, Inc., a direct, wholly owned subsidiary of FCB, and the Company, the parent company of CIT Bank, N.A., a national banking association. A copy of the joint press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

First Citizens has already received approvals from the Federal Deposit Insurance Corporation and the Office of the North Carolina Commissioner of Banks.

Completion of the merger remains subject to a 15-day waiting period and the satisfaction or waiver of other customary closing conditions. Assuming such conditions are satisfied, the merger closing is expected to occur as soon as practicable in early January 2022.

Item 9.01 Financial Statements and Exhibits.



(d)  Exhibits.



Exhibit No.       Description

99.1                Joint Press Release of the Company and First Citizens, dated
                  December 17, 2021.

104               The cover page from this Current Report on Form 8-K, formatted in
                  Inline XBRL.

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses