First Citizens reportedly nearing deal to acquire Silicon Valley Bank

First Citizens, which previously placed a bid to buy Silicon Valley Bank (SVB) through the auction held by Federal Deposit Insurance Corporation (FDIC), is reportedly in advanced talks to acquire ... Read More

SVB-owner First Citizens’ profit beats estimates on interest income strength

First Citizens BancShares' first-quarter profit beat expectations as the lender earned higher interest income and reaped the benefits of its acquisition of Silicon Valley Bank (SVB) last year. Read More

First Citizens draws 'buy' rating after bulking up from purchase of Silicon Valley Bank

Goldman Sachs initiates coverage of North Carolina-based bank, now ranked as the 16th-largest in the U.S. First Citizens ... Silicon Valley Bridge Bank, N.A. The bridge bank was formed by the FDIC ... Read More

First Citizens Boosts NII Forecast as Fewer Rate Cuts Projected

First Citizens BancShares Inc., which scooped up Silicon Valley Bank after the lender failed last year, lifted its guidance for lending income for 2024. Read More

SVB leader: First Citizens deal will help it grow in Triangle

Even before the banking catastrophe that led to the First Citizens buyout last year, Silicon Valley Bank was present in ... very exciting news,” he said. By Sunday night, he was meeting in ... Read More

What Happened to Silicon Valley Bank? Why Is It in Trouble?

On March 13, 2023, the FDIC reopened SVB as Silicon Valley Bridge ... their deposits with the bank in order to improve its financial condition, and on March 26, First Citizens Bank announced ... Read More

Banks knock FDIC over growing tab for last year's failures

One year after Silicon Valley ... acquire when they bought many of the remnants of the two failed banks. First Citizens bought much of SVB, and New York Community acquired parts of Signature. In the ... Read More

Celent Names Silicon Valley Bank Leader in Cash Management

SVB Go Receives 2024 Model Bank Award for Reinventing Cash Management SAN FRANCISCO , April 2, 2024 /PRNewswire/ -- Silicon Valley Bank (SVB), a division of First Citizens Bank, today announced ... Read More

Editor's Tip

All First Citizens retirement account customers have access to the bank’s digital-first Self-Directed Investing platform. The service lets users trade based on their own needs and schedule for ... Read More

First Citizens Bank Provides $50 Million to Refinance Los Angeles Medical Office Building

First Citizens Bank recently announced that its Healthcare Finance business served as the sole lender of $50 million in financing for an affiliate of Tristar Realty Group for the refinancing of ... Read More

Reasons for the Outperformance of First Citizens BancShares (FCNCA)

Headquartered in Raleigh, North Carolina, and one of the largest family-controlled banks in the US, First Citizens was a big winner from its acquisition of the failed Silicon Valley Bank. Read More