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First Citizens Bank to Acquire Silicon Valley Bank Deposits and Loans


Cryptocoins News / Blockchain  32 Views

First Citizens Bank will acquire all deposits and loans of Silicon Valley Bank after its collapse following rumors of a liquidity crisis. The FDIC has approved the purchase and assumption agreement, and Silicon Valley Bank depositors will become depositors of First Citizens Bank. The North Carolina-based bank is now the 30th largest commercial bank in the US. (Read More)

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