First Citizens Bank to acquire collapsed Silicon Valley Bank | CBC News
Briefly

from www.cbc.ca1 year ago
North Carolina-based First Citizens will buy Silicon Valley Bank, the tech industry-focused financial institution that collapsed earlier this month, rattling the banking industry and sending shock waves around the world.The sale involves the sale of all deposits and loans of SVB to First Citizens Bank and Trust Co., the Federal Deposit Insurance Corporation (FDIC) said in a statement late Sunday.
Read at www.cbc.ca
#san-francisco #north-carolina #acquisition #santa-clara #tech-industry
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