First Citizens: How a rural, family-owned bank ended up buying a Silicon Valley tech lender
The 125-year-old institution from North Carolina has multiplied its size by five in three years through numerous acquisitions
Deal to buy Silicon Valley Bank calms bank fears, for now
However, experts caution the sale doesn’t by itself provide an immediate all-clear for other banks following the second- and third-largest U.S. failures in history. That will likely take more time
Banks lead stock gains after First Citizens buys Silicon Valley Bank assets
Investors have been hunting for what banks could be next to fall as the system creaks under the pressure of much higher interest rates