Silicon Valley Bank Sold to First Citizens Bank For US Dollar 500 Million
Silicon Valley Bank has been sold to First Citizens Bank for $500 Million days after the announcement of bankruptcy.
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
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