First Citizens BancShares Inc. (First Citizens) announced completion of its previously announced merger with CIT Group Inc. Ellen R. Alemany, former chairwoman and chief executive officer of CIT, assumes the role of vice chairwoman of First Citizens (along with current First Citizens Vice Chairwoman Hope Holding Bryant) and will serve on the First Citizens Board of Directors. The board now consists of 11 current First Citizens directors and three former CIT board members — Alemany, Michael A. Carpenter and Vice Admiral John R. Ryan, USN (Ret.). In addition, Marisa J. Harney is now a member of the First Citizens executive leadership team and assumes the role of chief credit officer.

Harney previously served as executive vice president and chief credit officer with CIT.