Acquisition History / First Citizens BancShares / CIT Group

First Citizens BancShares Acquires CIT Group

Announced January 2022 — $2.20B

First Citizens BancShares2022

What happened

CIT Group was a company, acquired by First Citizens BancShares for $2.2 billion.

Acquirer
First Citizens BancShares
Target
CIT Group
Announced
January 2022
Price
$2.20B
Buyer type
Strategic acquirer
Status
Closed

By the numbers

First Citizens BancShares's acquisition history
2nd of 3 tracked deals
Disclosed prices
3 of 3 First Citizens BancShares deals
First Citizens BancShares's average disclosed price
$6.46B
First Citizens BancShares's largest disclosed deal
Silicon Valley Bank ($16.50B)
Tracked acquisitions in 2022
78 across all acquirers

Frequently Asked Questions About This Acquisition

When did First Citizens BancShares acquire CIT Group?

First Citizens BancShares acquired CIT Group on January 2022. This was First Citizens BancShares's 2nd publicly tracked acquisition out of 3 we have on record.

How much did First Citizens BancShares pay for CIT Group?

First Citizens BancShares paid $2.20B for CIT Group.

What does CIT Group do?

CIT Group was a company, acquired by First Citizens BancShares for $2.2 billion.

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More First Citizens BancShares acquisitions

See all 3 First Citizens BancShares acquisitions →