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Much of failed Silicon Valley Bank's assets to be sold to First Citizens, FDIC says

Por: ABC News Business March 27, 2023

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First Citizens Bank will buy about $72 billion in assets from the failed Silicon Valley Bank, the Federal Deposit Insurance Corporation said.Silicon Valley Bank, a regional lender with about $210 billion in assets, earlier this month. The bank had been the 16th largest bank in the country.The SVB Private logo is displayed outside of a Silicon Valley Bank branch in Santa Monica, Calif., March 20, 2023.Patrick T. Fallon/AFP via Getty Images,... + full article



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