Tag Archives Silicon Valley Bank

First Citizens Bank Strikes Deal To Acquire Collapsed Silicon Valley Bank

First Citizens Wins Takeover of Collapsed Silicon Valley Bank

In a deal with the Federal Deposit Insurance Corporation (FDIC), First Citizens BancShares Inc. snapped up a bulk of collapsed Silicon Valley Bank, just two weeks after a panic-induced run of deposits destroyed the lender’s finances in the second biggest U.S. bank failure since the 2008 financial crisis.


Silicon Valley Bank Collapses As Regulators Seized Control

The closure of Silicon Valley Bank, the 16th largest U.S. bank marks the second-largest bank failure in history

Silicon Valley Bank collapsed Friday with financial regulators rushing in to seize control over the tech-focused lender’s assets and liabilities following a frenetic week that saw an unsuccessful attempt to raise capital triggering a depositor exodus.


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