Growing 90%, Raleigh-Based First Citizens Buys Assets Of Silicon Valley Bank

Growing 90%, Raleigh-Based First Citizens Buys Assets Of Silicon Valley Bank

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Culture Clash much? The Federal Deposit Insurance Corporation (FDIC) sold a chunk of Santa Clara, Calif.-based Silicon Valley Bank to Raleigh, North Carolina-based First Citizens Bancshares. Here are the highlights: • The FDIC took over SVB on March 10 creating Silicon Valley Bridge Bank (SVBB)…

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