First Citizens Bank is to purchase $72 billion dollars worth of assets from SVB at a deeply discounted price of $16.5 billion, while also handling $56 billion of the failed bank's deposits.

Shares of North Carolina-based First Citizens Bank, the nation's 30th largest bank, rose about 47% in early trading on Monday. The SVB Private logo is displayed outside of a Silicon Valley Bank ...

First Citizens Bank was founded in 1898 and says it has more than $100 billion in total assets, with more than 500 branches in 21 states as well as a nationwide bank. It reported net profit of ...

The 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.

First-Citizens Bank & Trust Co, a unit of First Citizens BancShares Inc , ... Item 1 of 2 Destroyed SVB (Silicon Valley Bank) logo is seen in this illustration taken March 13, 2023.

First Citizens Bank & Trust Co will buy Silicon Valley Bank’s deposits and loans, the U.S. Federal Deposit Insurance Corporation said Monday, just over two weeks after the biggest U.S. banking ...

The Federal Deposit Insurance Corp. says First Citizens will acquire much of Silicon Valley Bank, whose collapse has rattled the banking industry. Credit: AP/Damian Dovarganes By The Associated ...