First Citizens to buy Silicon Valley Bank, FDIC says

First Citizens to buy Silicon Valley Bank, FDIC says

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First Citizens BancShares will acquire all of Silicon Valley Bank's deposits and loans from the Federal Deposit Insurance Corporation (FDIC), according to the regulator. The acquisition by unit First-Citizens Bank & Trust Company includes the purchase of about $72 billion of Silicon Valley Bank's…

#siliconvalleybank #fdic #depositinsurancefund #svb #firstcitizens

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