First Citizens Bank to buy SVB's deposits, loans from FDIC By Reuters

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First Citizens Bank to buy SVB's deposits, loans from FDIC By Reuters
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⚠️BREAKING: *FIRST CITIZENS BANK TO BUY SILICON VALLEY BANK FOR UP TO $500 MILLION DOLLARS $FCNCA $SIVB

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First Citizens Bank to buy SVB's deposits, loans from FDICFirst Citizens Bank to buy SVB's deposits, loans from FDICFirst Citizens Bank & Trust Co will buy all of Silicon Valley Bank's deposits and loans from the Federal Deposit Insurance Corporation (FDIC), the regulator said in a statement.
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First Citizens Bank Inks Deal To Acquire Silicon Valley Bank’s Loans And DepositsFirst Citizens Bank Inks Deal To Acquire Silicon Valley Bank’s Loans And DepositsFirst Citizens Bank will purchase about $72 billion of Silicon Valley Bank’s assets at a discount of $16.5 billion.
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FDIC says First Citizens Bank has reached deal to purchase Silicon Valley BankFDIC says First Citizens Bank has reached deal to purchase Silicon Valley BankThe Federal Deposit Insurance Corporation said the First–Citizens Bank & Trust Company has agreed to purchase Silicon Valley Bank and will insure all depositors up to federal limits.
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