Federal Reserve Board announces that the public comment period for the application by First Citizens BancShares, Inc. to acquire CIT Group, Inc. has been extended through February 22, 2021

The following press release was published by the Board of Governors of the Federal Reserve System on Jan. 22. It is reproduced in full below.

The Federal Reserve Board on Friday announced that the public comment period has been extended through Feb. 22, 2021, for the application by First Citizens BancShares, Inc. of Raleigh, North Carolina, to acquire CIT Group, Inc. of New York, New York.

The comment period is being extended to provide additional time for interested parties to comment on the application in light of the ongoing challenges from the coronavirus.

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Source: Board of Governors of the Federal Reserve System