First Citizens Bancshares Inc.
Close the merger with CIT Group Inc
Delivered after the deadline (187 days after the deadline)
AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.
- Announced
- 26 Jan 2021
- Due
- 30 Jun 2021
- Delivered
- 3 Jan 2022
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“The transaction is anticipated to close during the first half of 2021.”
What we found
Evidence strength A What the grades mean
The company anticipated closing the merger in the first half of 2021, but the transaction was not completed until January 3, 2022.
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A First Citizens Bancshares Inc. 10-Q filed 2021-08-03
“Completion of the proposed merger remains subject to approval from the Board of Governors of the Federal Reserve System and closing is expected in the third quarter of 2021” ✓ confirmed on the page
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A First Citizens Bancshares Inc. 10-K filed 2022-02-25
“On January 3, 2022, BancShares completed the CIT Merger pursuant to the Merger Agreement.” ✓ confirmed on the page
Market reaction: the shares moved +6.3% against the S&P 500 over the three sessions around the disclosure (2 Aug 2021 to 5 Aug 2021). What this measures
Checked 25 Oct 2026.
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Merger
- Indicative materiality
- Transformational rules
- Action
- Close
- Deliverable
- Merger with CIT Group Inc.
- Language
- Expected (“expects”, “plans”)
- In the company’s control
- Medium
- Specificity
- High
- Depends on
- Regulatory, Shareholder, Counterparty
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Gemini (Google), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: agreesA different AI model, Claude (Anthropic), re-read the evidence without being told the outcome and reached the same answer.
Confirmed. This outcome counts towards the company's Kept Score. How verification works
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