 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. 