Tag: $72 billion

Under the deal, unit First–Citizens Bank & Trust Company will assume SVB assets of $110 billion, deposits of $56 billion and loans of $72 billion. (Reuters)
Posted in Business

First Citizens to buy collapsed Silicon Valley Bank

 March 27, 2023  Leave a Comment on First Citizens to buy collapsed Silicon Valley Bank

Reuters | | Posted by Lingamgunta Nirmitha Rao First Citizens BancShares Inc said on Monday it will acquire Silicon Valley Bank’s deposits and loans as…

Continue Reading