What to know about first citizens, why buy parts of Silicon Valley Bank

The deal brought to North Carolina was based on

The first citizens

Bancshares Silicon Valley Bank deposits and loans abound potential increase for lenders and limited disadvantages.

First Citizens (code: FCCNA) is taking over 17 branches of SVB, as well as all loans and deposits of SVB. The Federal Deposit Insurance Corporation (FDIC) said early Monday that it is receiving about $119 billion in deposits and $72 billion in loans from SVB — with a discount of about $16.5 billion. la.


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