Citizens Financial Group Inc. and Investors Bancorp Inc. expect to close their merger on April 6. Upon the completion of the transaction, Citizens will have a combined $214.9 billion in assets, making it the 17th-biggest U.S. lender.
The banks announced their closing date on March 4. The date is subject to the satisfaction or waiver of the remaining customary closing conditions set forth in the merger agreement.
Citizens got approval from the Federal Reserve to acquire Investors last month following an initial announcement of the impending deal in July 2021. Investors, headquartered in Short Hills, has more than 150 locations in the region, and will add approximately 1 million customers to Citizens Bank.