On the Record · First Citizens Bancshares
First Citizens Bancshares acquisitions, on the record
The businesses First Citizens Bancshares bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Silicon Valley Bridge Bank, N.A.Word for word“As noted above, BancShares completed the SVBB Acquisition in 2023.” 10-K for 2023 | acquisition | 2023 | — |
CIT Group Inc.Word for word“On January 3, 2022 (the “CIT Merger Date”), BancShares completed its merger (the “CIT Merger”) with CIT Group Inc. (“CIT”) and its subsidiary CIT Bank, N.A., a national banking association (“CIT Bank”).” 10-K for 2023 | merger | January 3, 2022 | — |
Silicon Valley Bridge Bank, N.A. (SVBB)Word for word“On March 27, 2023 (the “SVBB Acquisition Date”), FCB acquired substantially all loans and certain other assets and assumed all customer deposits and certain other liabilities of Silicon Valley Bridge Bank, N.A. (“SVBB”) from the Federal Deposit Insurance Corporation (the “FDIC”) pursuant to the terms of a purchase and assumption agreement (the “SVBB Purchase Agreement”) by and among FCB, the FDIC, and the FDIC, as receiver of SVBB (the “SVBB Acquisition”).” 10-K for 2024 | acquisition | March 27, 2023 | — |
CIT Group Inc. and its subsidiary CIT Bank, N.A.Word for word“On January 3, 2022, BancShares completed its merger (the “CIT Merger”) with CIT Group Inc. (“CIT”) and its subsidiary CIT Bank, N.A., a national banking association.” 10-K for 2024 | merger | January 3, 2022 | — |
138 branches from BMO Bank N.A.Word for word“On October 16, 2025, FCB announced that it had entered into an agreement to consummate the acquisition of 138 branches from BMO Bank N.A. located throughout the Midwest, Great Plains and West regions of the U.S. (the “BMO Branch Acquisition”).” 10-K for 2025 | agreed acquisition | October 16, 2025 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) |
|---|---|
| 2016-12-31 | $727,000 |
| 2017-12-31 | −$304.8 million |
| 2018-12-31 | $155.1 million |
| 2019-12-31 | $236.7 million |
| 2020-12-31 | $60 million |
| 2021-12-31 | $0 |
| 2022-12-31 | −$134 million |
Deal filings since 2016
- 2024-01-26 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2023-11-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-03-31 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-03-31 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2023-03-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-03-27 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2022-01-04 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2020-10-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-03-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-03-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-04-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from First Citizens Bancshares’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-24. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.