First Citizens grows bigger with Silicon Valley Bank deal, but not big enough to move to next regulatory level

First Citizens grows bigger with Silicon Valley Bank deal, but not big enough to move to next regulatory level

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First Citizens BancShares Inc. will become much larger on the national stage with its acquisition of Silicon Valley Bank, but not large enough to trigger more layers of regulation and capital requirements, company officials said Monday. Once First Citizens BancShares FCNCA, merged with CIT Group…

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