First Citizens Bank & Trust Company of Raleigh to Assume All Deposits and Loans of Silicon Valley Bridge Bank from the FDIC

Posted on 03/27/2023

First Citizens Bancshares, Inc. is a bank holding company based in Raleigh, North Carolina. Its primary subsidiary is First Citizens Bank. The Federal Deposit Insurance Corporation (FDIC) entered into a purchase and assumption agreement for all deposits and loans of Silicon Valley Bridge Bank, National Association, by First–Citizens Bank & Trust Company, Raleigh, North Carolina.…

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