First Citizens

First Citizens BancShares Inc (NASDAQ: FCNCA) agreed to purchase the troubled Silicon Valley Bank. What Happened: The Raleigh, North Carolina-based First Citizens agreed to a deal to purchase all deposits and loans of SVB, according to a statement issued by the bank. See Also: SVB Employee Who...

First Citizens BancShares (Nasdaq: FCNCA) and Valley National Bancorp (NASDAQ: VLY) have tabled separate bids for Silicon Valley Bank, Bloomberg has reported, citing people familiar with the matter. For the last two weeks, the Federal Deposit Insurance Corporation (FDIC) has been trying...