First Citizens has agreed to buy Silicon Valley Bank, ... This deal with First Citizens includes purchase deposits and loans, worth about $72 billion, at a discount of $16.5 billion.

First Citizens Bank & Trust Co will buy Silicon Valley Bank’s deposits and loans, the U.S. Federal Deposit Insurance Corporation said Monday, just over two weeks after the biggest U.S. banking ...

First Citizens BancShares, a family-run bank in North Carolina that traces its history to the late 1800s, said on Sunday that it would acquire Silicon Valley Bank, the California lender founded in ...

First Citizens Bank agreed to buy most of Silicon Valley Bank on Sunday. The Raleigh, NC-based bank has taken over 17 branches of SVB, $119 billion of its deposits and $72 billion worth of loans.

First Citizens is buying the $72 billion in SVB loans for about $55 billion, a 29% discount, the FDIC said. “The FDIC estimates the cost of the failure of Silicon Valley Bank to its Deposit ...

First Citizens Bank’s wins the bidding for failed Silicon Valley Bank in major banking deal for Raleigh, NC and Triangle tech startup scene.

NEW YORK — North Carolina-based First Citizens Bank & Trust will buy Silicon Valley Bank, the tech-focused financial institution whose collapse earlier this month rattled the banking industry ...

Because First Citizens is purchasing SVB's assets at a $16.5 billion discount, the deal is expected to significantly increase First Citizens' tangible book value (by potentially 50% to 100%), or ...

Shares of First Citizens Bank surged more than 50 per cent on Monday following news it would buy much of the failed Silicon Valley Bank. The deal, the second acquisition of a failed bank in as ...

First Citizens BancShares Inc. will become much larger on the national stage with its acquisition of Silicon Valley Bank, but not large enough to trigger more layers of regulation and capital ...

First Citizens BancShares Inc. agreed to buy Silicon Valley Bank which was seized by regulators following a run on the lender. The Raleigh, North Carolina-based bank entered into a purchase and ...

First Citizens Bank bought the deposits and loans of failed Silicon Valley Bank in a deal announced Sunday by the Federal Deposit Insurance Corporation. During Monday morning trading, First ...