Silicon Valley Bank Employees Laid Off by New Owner

Silicon Valley Bank Employees Laid Off by New Owner

Upworthy

Published

First Citizens BancShares Inc.—which purchased the assets of Santa Clara-based Silicon Valley Bank in March after its dramatic collapse—has laid off about 500 former SVB employees. A message from First Citizens Bank CEO Frank Holding to the company’s employees said, “It is increasingly clear that…

#santaclara #siliconvalleybank #svb #firstcitizensbank #frankholding #northcarolina #firstcitizens #pitchbook #hsbc #stifel

Full Article