Is Citizens Bank part of CIT Bank?
Citizens Bank is entirely separate from CIT Bank, operating under completely different corporate ownership, distinct executive leadership, and separate federal banking charters. Citizens Bank is the primary banking subsidiary of Citizens Financial Group, a major publicly traded bank holding company headquartered in Providence, Rhode Island. On the other hand, CIT Bank operates as a digital-focused subsidiary under First-Citizens Bank & Trust Company following corporate mergers within the financial sector. Although their names sound similar and both offer retail banking services to American consumers, they are entirely independent corporate entities with separate routing numbers, customer databases, and branding identities.
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Citibank and Citizens Bank are entirely distinct banking organizations with no shared corporate ownership or direct affiliation. Citibank is the consumer banking arm of Citigroup Inc.