First Citizens to acquire Silicon Valley Bank

TechCrunch
By Manish SinghMar 27, 2023, 2:08 am233 pts
First Citizens BankShares has agreed to buy Silicon Valley Bank, the California lender that served as lifeblood of thousands of startups and whose collapse sent shockwaves through the financial sector, the U.S. Federal Deposit Insurance Corporation said on Monday. The deal includes the purchase of about $72…

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