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The 17 former branches of SVB opened Monday morning as branches of First Citizens.
The 17 former branches of SVB opened Monday morning as branches of First Citizens.
 
One of Raleigh’s oldest banks is in the running to purchase the failed Silicon Valley Bank, also known as SVB.
One of Raleigh’s oldest banks is in the running to purchase the failed Silicon Valley Bank, also known as SVB.
 
First Citizens Bank will acquire Silicon Valley Bank on Monday after the latter company faced a run on deposits and collapsed.
First Citizens Bank will acquire Silicon Valley Bank on Monday after the latter company faced a run on deposits and collapsed.
 
As chairman of the State Banking Commission, I was pleased to hear the news this morning that First Citizens BancShares has acquired Silicon Valley Bank.
As chairman of the State Banking Commission, I was pleased to hear the news this morning that First Citizens BancShares has acquired Silicon Valley Bank.
 
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