Silicon Valley Bank could soon be acquired through an auction by First Citizens Bank with a deal being announced as early as Sunday, according to reports. First Citizens, which previously placed a ...
First Citizens Bank & Trust Co will buy Silicon Valley Bank’s deposits and loans, the U.S. Federal Deposit Insurance Corporation said Monday, just over two weeks after the biggest U.S. banking ...
The Federal Deposit Insurance Corporation (FDIC) announced that the 17 former branches of Silicon Valley Bridge Bank, National Association, will open as First Citizens Bank & Trust Company on ...
First Citizens BancShares' first-quarter profit beat expectations as the lender earned higher interest income and started seeing benefits of its acquisition of failed Silicon Valley Bank (SVB) last ...
First Citizens Bancshares Inc.’s stock rose on stronger-than-expected profit and a boosted outlook for net interest income on ...
In the aftermath of Silicon Valley Bank's monumental setback, the race to dominate the realm of startup financing has ...
The collapse may conjure comparisons to the string of bank failures last spring, but here's how it's different. Why You Can ...
The Philadelphia-based bank's parent company, Republic First Bancshares, had been roiled by a yearslong proxy battle ...
The seizure of Republic First marked the first bank failure in the U.S. in 2024 and has reignited concerns of contagion after ...
U.S. regulators on Friday seized Philadelphia-based Republic First Bancorp and agreed to sell it to Fulton Bank, a unit of Fulton Financial Corp . The latest casualty will cost the deposit insurance ...
Lichtman spent his professional life at First Republic where he was executive vice president and chief credit officer. First ...