Seventeen former branches of SVB will begin operating as “Silicon Valley Bank, a division of First Citizens Bank/”
By Mark Thompson and Liz Enochs, CNNUS tech lender that failedThe Federal Deposit Insurance Corporation said in a statement late Sunday it had agreed that First-Citizens Bank & Trust Company would buy all of SVB’s deposits and loans that regulators had transferred to a bridge bank in the wake of its collapse.
First Citizens, based in Raleigh, North Carolina, offers general banking services through more than 550 branches and offices in 23 states.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
First Citizens Bank to buy Silicon Valley Bank deposits and loansFirst Citizens Bank agreed to buy Silicon Valley Bank's deposits and loans, the U.S. Federal Deposit Insurance Corporation said Monday.
Read more »
FDIC says First Citizens Bank has reached deal to purchase Silicon Valley BankThe Federal Deposit Insurance Corporation said the First–Citizens Bank & Trust Company has agreed to purchase Silicon Valley Bank and will insure all depositors up to federal limits.
Read more »
First Citizens Bank to buy Silicon Valley Bank deposits and loansBREAKING: First Citizens Bank agreed to buy Silicon Valley Bank’s deposits and loans, the U.S. Federal Deposit Insurance Corporation said Monday .
Read more »
FDIC announces First-Citizens Bank & Trust Company to purchase assets of Silicon Valley Bank | CNN Business
Read more »
Silicon Valley Bank purchased by First-Citizens Bank, FDIC saysSilicon Valley Bank has been purchased by First-Citizens Bank, the FDIC announced Sunday night.
Read more »