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.
