M&A
confidence high
sentiment positive
materiality 0.65
First Citizens receives final Fed approval for CIT merger; close expected early Jan 2022
FIRST CITIZENS BANCSHARES INC /DE/
- Received final regulatory approval from the Federal Reserve Board for merger with CIT Group.
- Merger previously approved by FDIC and NC Commissioner of Banks; closing subject to 15-day waiting period.
- Combined company to be a top 20 U.S. bank by assets, operating under First Citizens name.
- Merger expected to close as soon as practicable in early January 2022.