FDIC says First-Citizens Bank & Trust Company will purchase the assets of Silicon Valley Bank
The Federal Deposit Insurance Corporation has announced that First-Citizens Bank & Trust Company will purchase all deposits and loans of Silicon Valley Bridge Bank. This is a breaking story and will be updated.
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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.
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First 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 to buy $72 billion in assets of failed Silicon Valley Bank, FDIC saysJUST IN: First Citizens Bank will buy about $72 billion in assets from the failed Silicon Valley Bank, the Federal Deposit Insurance Corporation says.
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First Citizens enters agreement to buy Silicon Valley Bridge Bank, says FDICFirst Citizens BancShares Inc. will assume all loans and deposits of Silicon Valley Bank from the Federal Deposit Insurance Corp., the regulator said.
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First Citizens to buy $72 billion in assets of failed Silicon Valley Bank, FDIC saysFirst Citizens Bank will buy about $72 billion in assets from the failed Silicon Valley Bank, the Federal Deposit Insurance Corporation said.
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