FDIC announces First-Citizens Bank & Trust Company to purchase assets of Silicon Valley Bank | CNN Business

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FDIC announces First-Citizens Bank & Trust Company to purchase assets of Silicon Valley Bank | CNN Business
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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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