FDIC says First-Citizens Bank & Trust Company will purchase the assets of Silicon Valley Bank
First Citizens Bank is buying most of the business of Silicon Valley Bank, the tech lender that failed earlier this month.
The Federal Deposit Insurance Corporation said in a statement late Sunday it had agreed that First-Citizens Bank & Trust Company would buy all SVB deposits and loans that were transferred to a bridge bank in the wake of its collapse “to allow time for the FDIC to stabilize the institution and market the franchise.” Seventeen former branches of SVB will open as First Citizens outlets on Monday, it added. — This is a breaking story and will be updated.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
First Citizens Bank to buy Silicon Valley Bank deposits and loansFirst Citizens Bank agreed to buy Silicon Valley Bank's deposits and loans, the U.S. Federal Deposit Insurance Corporation said Monday.
Baca lebih lajut »
FDIC 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.
Baca lebih lajut »
First Citizens Bank to buy Silicon Valley Bank deposits and loansBREAKING: First Citizens Bank agreed to buy Silicon Valley Bank’s deposits and loans, the U.S. Federal Deposit Insurance Corporation said Monday .
Baca lebih lajut »
FDIC announces First-Citizens Bank & Trust Company to purchase assets of Silicon Valley Bank | CNN Business
Baca lebih lajut »
Silicon Valley Bank purchased by First-Citizens Bank, FDIC saysSilicon Valley Bank has been purchased by First-Citizens Bank, the FDIC announced Sunday night.
Baca lebih lajut »