First Citizens Adds to Its Collection of Failed Banks With SVB Purchase

First Citizens Adds to Its Collection of Failed Banks With SVB Purchase

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A fast-growing North Carolina lender with a history of buying failed banks is taking on its largest challenge yet with its purchase of Silicon Valley Bank. First Citizens BancShares Inc.’s acquisition of the bulk of SVB’s assets will effectively double the size of the 125-year-old lender, which…

#northcarolina #siliconvalleybank #svb #raleigh

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