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First Citizens Snaps Up Big Chunk Of SVB

Seventeen days after its collapse, Silicon Valley Bank has a new owner. First Citizens Bank, a North Carolina lender with a long history of purchasing failed banks, announced Monday...

First Citizens And Valley National Reportedly Competing To Buy SVB

Two regional banks are reportedly competing to purchase failed lender Silicon Valley Bank. First Citizens BancShares and Valley National Bancorp have filed bids with the Federal Deposit Insurance Corp....
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