Raleigh's First Citizens Bank has struck a deal to acquire the failed Silicon Valley Bank. First Citizens Bank (Nasdaq: FCNCA) has struck a deal to acquire Silicon Valley Bank. The Federal Deposit ...

Depositors at SVB “will automatically become depositors of First-Citizens Bank & Trust Company,” according to a press release put out early this morning. As of March 10, Silicon Valley Bridge ...

The Federal Deposit Insurance Corporation said the First–Citizens Bank & Trust Company has agreed to purchase Silicon Valley Bank and will insure all depositors up to federal limits.

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 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 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 agreed to buy about $72 billion of Silicon Valley Bank’s assets at a discount of $16.5 billion. About $90 billion in assets remain in FDIC’s receivership.

Article Thesis. First Citizens Bank (NASDAQ:FCNCA) has agreed to buy out troubled Silicon Valley Bank's deposits and loans in a deal that was brokered by FDIC.The market reacted very positively to ...

It's official! First Citizens Bank has agreed to buy Silicon Valley Bank's deposits and loans. Read more here.

NEW YORK — North Carolina-based First Citizens will buy Silicon Valley Bank, the tech industry-focused financial institution that collapsed earlier this month, rattling the banking industry and ...

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