First Citizens Bank buying SVB's deposits and loans, FDIC says

First Citizens Bank will buy "all the deposits and loans" of Silicon Valley Bank in the wake of SVB's collapse earlier this month, the Federal Deposit Insurance Corporation announced late Sunday. The transaction covers $119 billion in deposits and $72 billion in assets, and "SVB's 17 branches will…

#firstcitizensbank #siliconvalleybank #svb #firstcitizens #fdic #scb #raleigh #northcarolina #santaclara #treasurydepartment