FIRST CITIZENS, CIT EXTEND MERGER AGREEMENTExtend Merger Agreement • September 30th, 2021 • First Citizens Bancshares Inc /De/ • State commercial banks
RALEIGH, North Carolina, and NEW YORK, New York –– First Citizens BancShares, Inc. (NASDAQ: FCNCA) (“First Citizens”), the parent company of First-Citizens Bank & Trust Company, and CIT Group Inc. (NYSE: CIT) (“CIT”), the parent company of CIT Bank, N.A., jointly announced that the two companies have agreed to extend the merger agreement from October 15, 2021, to March 1, 2022.
AMENDMENT NO. 1 to AGREEMENT AND PLAN OF MERGERAgreement and Plan of Merger • September 30th, 2021 • First Citizens Bancshares Inc /De/ • State commercial banks • Delaware
This Amendment No. 1 (this “Amendment”) to the Agreement and Plan of Merger, dated October 15, 2020 (the “Agreement”), is made and entered into as of September 30, 2021, by and among CIT Group Inc., a Delaware corporation (“CIT”); First Citizens BancShares, Inc., a Delaware corporation (“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 Delaware corporation and a direct, wholly owned subsidiary of FCB (“Merger Sub” and, collectively with BancShares and FCB, the “BancShares Parties”). Capitalized terms used but not defined in this Amendment shall have the meanings ascribed to such terms in the Agreement.
