First Citizens Bank has acquired Silicon Valley Bank for $500. Now, all the assets of Silicon Valley Bank will be owned by the First Citizens Banks. However, the insurance will remain under the Federal Deposit Insurance Corp (FDIC). SVB Goes Bankrupt: Silicon Valley Bank Officially Files for Bankruptcy.
New Owner of Silicon Valley Bank
BREAKING: Silicon Valley Bank sold to First Citizens Bank for $500 Million
— The Spectator Index (@spectatorindex) March 27, 2023
(SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter (X), Instagram and Youtube. The above post is embeded directly from the user's social media account and LatestLY Staff may not have modified or edited the content body. The views and facts appearing in the social media post do not reflect the opinions of LatestLY, also LatestLY does not assume any responsibility or liability for the same.)