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    SEC Form S-8 POS filed by CIT Group Inc (DEL)

    1/4/22 4:26:15 PM ET
    $CIT
    Major Banks
    Finance
    Get the next $CIT alert in real time by email
    S-8 POS 1 brhc10032555_s8pos.htm S-8 POS
    As filed with the Securities and Exchange Commission on January 4, 2022
    Form S-8 Registration No. 333-213832
    Form S-8 Registration No. 333-174356
    Form S-8 Registration No. 333-164292

    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549



    POST-EFFECTIVE AMENDMENT NO. 1 TO
    Form S-8 Registration No. 333-213832
    Form S-8 Registration No. 333-174356
    Form S-8 Registration No. 333-164292

    UNDER
    THE SECURITIES ACT OF 1933
     

    CIT GROUP INC.
    (First Citizens BancShares, Inc., as successor by merger to CIT Group Inc.)
    (Exact Name of Registrant as Specified in its Charter)



    Delaware
     
    65-1051192
    (State or Other Jurisdiction of Incorporation or Organization)
     
    (I.R.S. Employer Identification Number)
         
    11 W. 42nd Street
    New York, New York
    (Address of principal executive offices)
     
     
    10036
    (Zip Code)

    Amended and Restated CIT Group Inc. Long-Term Incentive Plan
    CIT Group Inc. 2011 Employee Stock Purchase Plan
    2016 Omnibus Incentive Plan
     (Full titles of the plans)



    Matthew G.T. Martin
    Chief Counsel and Corporate Secretary
    First Citizens BancShares, Inc.
    4300 Six Forks Road
    Raleigh, North Carolina 27609
    (919) 716-7000
     (Name, Address, Including Zip Code, and Telephone Number, Including Area Code, of Agent for Service)



    Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one):

    Large accelerated filer
    ☒
    Accelerated filer
    ☐
           
    Non-accelerated filer
    ☐ (Do not check if a smaller reporting company)
    Smaller reporting company
    ☐
           
       
    Emerging growth company
    ☐

    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐



    EXPLANATORY NOTE

    DEREGISTRATION OF SECURITIES
     
    This Post-Effective Amendment relates to the following Registration Statements on Form S-8 (collectively, the “Registration Statements”), in each case filed with the Securities and Exchange Commission (the “SEC”) by CIT Group Inc. (the “Registrant”):
     

    •
    Registration Statement No. 333-213832, filed with the SEC on September 27, 2016, pertaining to the registration of 6,067,044 shares of common stock, par value $0.01 per share, of the Registrant issuable pursuant to the 2016 Omnibus Incentive Plan;
     

    •
    Registration Statement No. 333-174356, filed with the SEC on May 20, 2011, pertaining to the registration of 2,000,000 shares of common stock, par value $0.01 per share, of the Registrant issuable pursuant to the CIT Group Inc. 2011 Employee Stock Purchase Plan; and
     

    •
    Registration Statement No. 333-164292, filed with the SEC on January 11, 2010, pertaining to the registration of 10,526,316 shares of common stock, par value $0.01 per share, of the Registrant issuable pursuant to the Amended and Restated CIT Group Inc. Long-Term Incentive Plan.
     
     
    Pursuant to the Agreement and Plan of Merger, dated October 15, 2020, as amended by Amendment No. 1, dated as of September 30, 2021 (as amended, the “Merger Agreement”), by and among the Registrant, First Citizens BancShares, Inc. (“BancShares”), First-Citizens Bank & Trust Company, a North Carolina chartered commercial bank and direct, wholly owned subsidiary of BancShares (“FCB”), and FC Merger Subsidiary IX, Inc., a direct, wholly owned subsidiary of FCB (“Merger Sub”), (i) on January 3, 2022, Merger Sub merged with and into the Registrant, with the Registrant as the surviving entity (the “First-Step Merger”), and (ii) on January 4, 2022, the Registrant merged with and into FCB, with FCB as the surviving entity (together with the First-Step Merger, the “Mergers”).  On January 4, 2022, CIT merged with and into FCB, with FCB continuing as the surviving corporation.
     
    In connection with the Mergers and the related transactions contemplated by the Merger Agreement, the Registrant has terminated all offerings of the Registrant’s securities pursuant to the above-referenced Registration Statements.  Accordingly, pursuant to the undertakings contained in such Registration Statements to remove from registration, by means of a post-effective amendment, any of the securities registered that remain unsold at the termination of the offerings, the Registrant is filing this post-effective amendment to the Registration Statements to deregister, and does hereby remove from registration, all the securities of the Registrant registered under such Registration Statements that remain unsold as of the date hereof.


    SIGNATURE
     
    Pursuant to the requirements of the Securities Act of 1933, as amended, the Company certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has authorized these Post-Effective Amendments to the Registration Statements to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Raleigh, State of North Carolina, on this 4th day of January, 2022.

     
    FIRST CITIZENS BANCSHARES, INC.
    (as successor by merger to CIT Group Inc.)
         
     
    By:
    /s/ Craig L. Nix
     
    Name:
     Craig L. Nix
     
    Title:
     Chief Financial Officer
     
    No other person is required to sign these Post-Effective Amendments to the Registration Statements in reliance on Rule 478 under the Securities Act of 1933, as amended.
     


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