Sullivan & Cromwell Related Content

M&T Bank Acquires People’s United Financial in All-Stock Transaction

M&T Bank and People's United Financial entered into a definitive agreement under which M&T will acquire People's United in an all-stock transaction. The implied total transaction value based on closing prices on Feb. 19, 2021, is approximately $7.6 billion. read more

FEB 23, 2021 - 6:35 am

PNC Agrees to Acquire BBVA USA for $11.6B

The PNC Financial Services Group and the Spanish financial group, Banco Bilbao Vizcaya Argentaria, signed a definitive agreement for PNC to acquire BBVA USA Bancshares, including its U.S. banking subsidiary, BBVA USA, for a purchase price of $11.6 billion. read more

NOV 16, 2020 - 7:15 am

First Citizens and CIT to Merge

First Citizens BancShares, the parent company of First-Citizens Bank & Trust Company, and CIT Group, the parent company of CIT Bank, will combine in an all-stock merger of equals to create the 19th largest bank in the United States based on assets. read more

OCT 19, 2020 - 6:57 am