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First Citizens Bank & Trust Co

First Citizens Bank & Trust Co latest

Silicon Valley assets, loans sold for $72b
March 27th, 2023 - 07:19 GMT

Silicon Valley assets, loans sold for $72b

ALBAWABA - First Citizens Bank & Trust Co will buy Silicon Valley Bank’s deposits and loans from the U.S. Federal Deposit Insurance Corporation (FDIC) for $72 billion. BREAKING: Silicon Valley Bank has been sold to First Citizens, which will take over $119 billion in deposits https://t.co/Gr0hYZ0XHk pic.twitter.com/99A0TVUkgx — Bloomberg (@business) March 27, 2023 The FDIC, which announced the deal late Sunday, seized control of Silicon Valley Bank on March 10 ...
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