First Ci­ti­zens agrees to buy CIT group for $ 2 bil­lion

Pittsburgh Post-Gazette - - Business -

First Ci­ti­zens BancShares Inc. agreed to buy CIT Group Inc. in a deal val­ued at more than $ 2 bil­lion, this year’s sec­ond- big­gest re­gional bank merger. The all- stock trans­ac­tion will create the 19thlarges­t U. S. bank based on as­sets. It will op­er­ate un­der the First Ci­ti­zens name and be based in Raleigh, N. C.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.