Silicon Valley Bank could soon be acquired through an auction by First Citizens Bank with a deal being announced as early as Sunday, according to reports. First Citizens, which previously placed a ...
First Citizens Bank & Trust Co will buy Silicon Valley Bank’s deposits and loans, the U.S. Federal Deposit Insurance Corporation said Monday, just over two weeks after the biggest U.S. banking ...
The Federal Deposit Insurance Corporation (FDIC) announced that the 17 former branches of Silicon Valley Bridge Bank, National Association, will open as First Citizens Bank & Trust Company on ...
The buyer is a newly created entity with ties to Pinegrove Capital Partners, a Los Angeles venture capital firm. Silicon Valley Bank said it plans to sell off its venture capital arm, SVB Capital, for ...
First Citizens BancShares' first-quarter profit beat expectations as the lender earned higher interest income and started seeing benefits of its acquisition of failed Silicon Valley Bank (SVB) last ...
First Citizens Bancshares Inc.’s stock rose on stronger-than-expected profit and a boosted outlook for net interest income on ...
In the aftermath of Silicon Valley Bank's monumental setback, the race to dominate the realm of startup financing has ...
The collapse may conjure comparisons to the string of bank failures last spring, but here's how it's different.
The Philadelphia-based bank's parent company, Republic First Bancshares, had been roiled by a yearslong proxy battle ...
In early March last year, Joey Womack thought he’d secured a sponsorship for his nonprofit Goodie Nation. Silicon Valley Bank, the go-to financial institution for many tech investors and ...
U.S. regulators on Friday seized Philadelphia-based Republic First Bancorp and agreed to sell it to Fulton Bank, a unit of Fulton Financial Corp . The latest casualty will cost the deposit insurance ...