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Violation Tracker Current Parent Company Summary

Current Parent Company Name: First Citizens BancShares
Ownership Structure: publicly traded (ticker symbol FCNCA)
Headquartered in: North Carolina
Major Industry: financial services
Specific Industry: banking
Penalty total since 2000$150,844,480
Number of records: 13
Top 5 Offense Groups (Groups Defined)Penalty TotalNumber of Records
consumer-protection-related offenses$150,537,0009
financial offenses$232,6803
competition-related offenses$74,8001
Top 5 Primary Offense TypesPenalty TotalNumber of Records
consumer protection violation$138,037,0007
discriminatory practices (non-employment)$7,300,0001
mortgage abuses$5,200,0001
banking violation$232,6803
export control violation$74,8001
Notes: Parent-subsidiary linkages are based on relationships current as of the latest revision listed in the Update Log, which may vary from what was the case when a violation occurred. The penalty totals are adjusted to account for the fact that the individual entries below may include both agency records and settlement announcements for the same case; or else a penalty covering multiple locations may be listed in the individual records for each of the facilities. The totals are also adjusted to reflect cases in which federal and state or local agencies cooperated and issued separate announcements of the outcome. Duplicate or overlapping penalty amounts are marked with an asterisk in the list below.

Links: Subsidy Tracker data on financial assistance to this company by federal, state and local government agencies can be found here.

Individual Penalty Records:

Click on the company or penalty amount for more information on each case.

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CompanyPrimary Offense TypeYearAgencyPenalty Amount sort icon .
Student Loan Xpress, Inc.consumer protection violation2009MULTI-AG$112,825,000
CIT Group/Equipment Financing, Inc.consumer protection violation2005MULTI-AG$10,000,000
CIT Group, Inc., and CIT Bank, N.A., dba OneWest Bankdiscriminatory practices (non-employment)2019HUD$7,300,000
CIT Group abuses2018FED$5,200,000
CIT Technology Financing Services, Inc.consumer protection violation2005NJ-AG$4,360,000
CIT Technology Financing Services, Inc.consumer protection violation2004NY-AG$4,200,000
Student Loan Xpress, Inc.consumer protection violation2010KY-AG$3,600,000
Student Loan Xpress, Inc.consumer protection violation2007NY-AG$3,000,000
Mutual of Omaha Bankbanking violation2019OCC$98,415
CIT Bank, National Associationbanking violation2020OCC$82,500
CIT Group Inc.export control violation2005BIS$74,800
CIT Groupconsumer protection violation2009NE-DBF$52,000
Mutual of Omaha Bankbanking violation2013OCC$51,765
(*): Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting.