American Banker

First Citizens takes second big leap in buying Silicon Valley Bank

First Citizens BancShares said it stands to gain substantial scale and earnings power with its purchase of big chunks of the failed Silicon Valley Bank. Processing Content Analysts embraced the deal, ...
Raleigh News & Observer

Raleigh’s First Citizens Bank to cut hundreds of former Silicon Valley Bank jobs

In a companywide email Wednesday morning, First Citizens Chairman and CEO Frank Holding Jr. said his Raleigh-based bank is laying off former employees of Silicon Valley Bank, the failed financial ...
Forbes

First Citizens Bank Buying SVB—Here Are Other Failed Banks It Acquired

First Citizens Bank announced it will be buying Silicon Valley Bank in a government-backed deal making First Citizens Bank one of the top 15 U.S. banks, according to Bloomberg. An illustrative stock ...
Time

FDIC Oversees First Citizens’ Acquisition of Failed Silicon Valley Bank

First Citizens BancShares Inc. agreed to buy Silicon Valley Bank which was seized by regulators following a run on the lender. The Raleigh, North Carolina-based bank entered into a purchase and ...
Reuters

First Citizens profit beats estimates as Silicon Valley Bank stabilizes

April 25 (Reuters) - First Citizens BancShares' (FCNCA.O), opens new tab first-quarter profit beat expectations as the lender earned higher interest income and started seeing benefits of its ...
TechCrunch

First Citizens is acquiring $72B in deposits and loans from Silicon Valley Bridge Bank

First Citizens has agreed to buy a $72 billion chunk of Silicon Valley Bridge Bank, the California lender formerly known as Silicon Valley Bank that was taken over by the FDIC two weeks ago after ...
The Boston Globe

First Citizens Bank sets sights on Wellesley for its first ground-up branch construction in Massachusetts

When First Citizens Bank entered the Boston market two years ago with its Silicon Valley Bank purchase, the name recognition of the Raleigh, N.C.-based bank was limited at best around here. Now, as ...