![Most of Silicon Valley Bank bought by First Citizens, in latest bid to contain banking crisis, FDIC says](https://cdn.newsserve.net/ONPglobe256.png)
Most of Silicon Valley Bank bought by First Citizens, in latest bid to contain banking crisis, FDIC says
First Citizens Bank has agreed to purchase all of failed California lender Silicon Valley Bank's deposits and loans plus a big share of its assets, the Federal Deposit Insurance Corporation (FDIC) said late Sunday. All 17 Silicon Valley Bank branches will open Monday as First Citizens banks,…
#firstcitizensbank #siliconvalleybank #fdic #firstcitizens #svb #santaclara #signaturebank #raleigh #northcarolina #depositinsurancefund