WTVD

First Citizens buys SVB; Triangle economists laud decision

RALEIGH, N.C. (WTVD) -- News of First Citizens Bank acquiring Silicon Valley Bank came less than three weeks after regulators shut down SVB following a collapse. Shares of Raleigh-based First Citizens ...
Business Insider

First Citizens just bought Silicon Valley Bank – here's everything you need to know about the latest twist in the banking turmoil

First Citizens Bank agreed to buy most of Silicon Valley Bank on Sunday. The Raleigh, NC-based bank has taken over 17 branches of SVB, $119 billion of its deposits and $72 billion worth of loans. Here ...
PBS

First Citizens strikes deal to acquire troubled Silicon Valley Bank

NEW YORK (AP) — First Citizens will acquire much of Silicon Valley Bank, the tech-focused financial institution that collapsed this month, setting off a chain reaction that caused a second bank to ...
Forbes

SVB’s New Owners, The Billionaire North Carolina Family Behind First Citizens, Are Quietly Building A Banking Empire

First Citizens bank has more than 500 branches in 21 states and doubled its size to $219 billion with the acquisition of SVB. North Carolina’s First Citizens Bank doubled its size with the stroke of a ...
Los Angeles Times

Silicon Valley Bank to be acquired by North Carolina-based First Citizens Bank

NEW YORK — North Carolina-based First Citizens Bank & Trust will buy Silicon Valley Bank, the tech-focused financial institution whose collapse earlier this month rattled the banking industry and sent ...
Morningstar

FIRST CITIZENS BANK CONTINUES NATIONAL EXPANSION, AGREES TO ACQUIRE SELECT BRANCHES FROM BMO BANK N.A.

Additional 138 branches in 11 states accelerate expansion into new markets across the U.S. RALEIGH, N.C., Oct. 16, 2025 /PRNewswire/ -- First-Citizens Bank & Trust Company ("First Citizens Bank"), the ...
American Banker

First Citizens turns to its direct bank to offset lost SVB deposits

After acquiring the remains of Silicon Valley Bank in March, First Citizens BancShares is counting on higher rates at its direct bank — as well as outreach to the failed bank's customers, many of whom ...
CNN

Silicon Valley Bank has a new owner. What it means for the bank crisis

In a milestone moment for the banking crisis, a company has purchased most of what’s left of the bank that started the meltdown. First Citizens Bank has purchased the remaining assets, deposits and ...
The New York Times

Silicon Valley Bank Sold to First Citizens in Government-Backed Deal

Banking regulators, which announced the deal late Sunday, had been looking for a buyer since seizing control of the failed bank. By Lauren Hirsch First Citizens BancShares, a family-run bank in North ...
Reuters

First Citizens must 'clean up' claims that HSBC poached Silicon Valley Bank workers

Judge says bank must flesh out claims against ex-SVB employees Lawsuit says over 40 SVB workers defected to HSBC First Citizens seeking $1 billion in damages Jan 11 (Reuters) - First Citizens Bank's ...