secwatch.observer — SEC 8-K summary
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Issuer:     FIRST CITIZENS BANCSHARES INC /DE/ (FCNCA)
CIK:        0000798941
Form:       8-K
Filed at:   2021-09-30T23:59:59+00:00
Accession:  0000798941-21-000039
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Citizens and CIT extend merger deadline to March 2022; FRB approval still pending
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- Merger agreement extended from Oct 15, 2021 to March 1, 2022, to allow more time for Federal Reserve Board approval.
- FRB approval is the only remaining regulatory requirement; NC Commissioner and FDIC approvals already obtained.
- FRB staff has no further questions; application is at the Governor level, but no decision timeframe given.
- Combined bank would be top 20 U.S. bank by assets, operating under the First Citizens name.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/798941/000079894121000039/0000798941-21-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/798941/000079894121000039/fcnca-20210930.htm
  HTML page:      https://secwatch.observer/filing/0000798941-21-000039

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer