First Citizens Bank to purchase assets of Silicon Valley Bank
Briefly

London/Oakland, California CNN First Citizens Bank is buying most of the business of Silicon Valley Bank, the US tech lender that failed earlier this month.The Federal Deposit Insurance Corporation (FDIC) said in a statement late Sunday it had agreed that First-Citizens Bank & Trust Company (FCIZP) would buy all of SVB's deposits and loans that regulators had transferred to a bridge bank in the wake of its collapse.
Read at www.cnn.com
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