Silicon Valley Bank officially sold to First Citizens Bank

Silicon Valley Bank officially sold to First Citizens Bank – Cryptopolitan](https://www.cryptopolitan.com/silicon-valley-bank-sold-to-first-citizens-bank/))
First Citizens BancShares, the parent company of First Citizens Bank, has agreed to acquire Silicon Valley Bank. This news was confirmed in a statement from the Federal Deposit Insurance Corporation (FDIC). The statement read: “The Federal Deposit Insurance Corporation (FDIC) entered into a purchase and assumption agreement for all deposits and loans of Silicon Valley …<p class="read-more"> <a class="" href="[www.cryptopolitan.com/silicon-valley-bank-sold-to-first-citizens-bank/">](https://www.cryptopolitan.com/silicon-valley-bank-sold-to-first-citizens-bank/">) <span class="screen-reader-text">Silicon Valley Bank officially sold to First Citizens Bank</span> Read More »</a></p>