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First Citizens in Talks to Acquire Silicon Valley Bank

1 min read
Source: Reuters.com
First Citizens in Talks to Acquire Silicon Valley Bank
Photo: Reuters.com
TL;DR

First Citizens BancShares is reportedly considering an offer to acquire Silicon Valley Bank, which was taken over by the FDIC last week. At least one other suitor is also considering a bid for the collapsed lender. The FDIC has asked interested banks to submit bids by March 17, following a failed auction attempt last week.

Topics:businessfinance#acquisition#auction#fdic#finance#first-citizens-bancshares#silicon-valley-bank
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  1. First Citizens in talks to acquire Silicon Valley Bank - Bloomberg News  Reuters.com
  2. First Citizens Weighing Takeover of Silicon Valley Bank  Bloomberg
  3. First Citizens interested in Silicon Valley Bank (SIVB)  Seeking Alpha
  4. First Citizens in talks to acquire Silicon Valley Bank - Bloomberg News By Reuters  Investing.com
  5. U.S. FDIC weighs backstop on bank auctions to attract smaller peers  Reuters

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