News

First Citizens BancShares made one of the most high profile transactions of 2023 when it acquired Silicon Valley Bank, but its stock remains discounted compared to other big banks. Jefferies ...
First Citizens Bank agreed to buy all deposits and loans of Silicon Valley Bank in March 2023, according to an FDIC press release. Silicon Valley Bank was shut down in early March to protect ...
The Raleigh, North Carolina-based parent of First Citizens Bank is two years out from buying a significant portion of Silicon Valley Bank, whose abrupt failure in mid-March 2023 destabilized the ...
Silicon Valley Bank failed in 2023 after rising interest rates caused its investments to plunge ... First Citizens Bank purchased SVB’s assets and liabilities. The deal included $110 ...
SVB, now part of First Citizens Bank, is thriving after its dramatic 2023 collapse, attracting hundreds of new clients amid AI innovation and growth in the startup ecosystem. Silicon Valley ...