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First Citizens Bank To Buy Silicon Valley Bank's Deposits, Loans From FDIC

First Citizens Bank To Buy Silicon Valley Bank's Deposits, Loans From FDIC

The Federal Deposit Insurance Corp. or FDIC announced an agreement, underwhich First-Citizens Bank & Trust Co., affiliated to First Citizens BancShares, Inc., will buy all deposits and loans of Silicon Valley Bridge Bank, N. A. out of FDIC receivership. The FDIC has been Silicon Valley Bank's receiver after it was collapsed and closed by the New York State Department of Financial Services.
RTTNews | 871天前