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The Independent UK
The Independent UK
National
Via AP news wire

THE TRUTH ABOUT: Fdic first citizens bank to acquire silicon valley bank - The Untold Story

Copyright 2023 The Associated Press. All rights reserved

The Federal Deposit Insurance Corp. has agreed on the sale of troubled Silicon Valley Bank to North Carolina-based First-Citizens Bank & Trust Co.

The sale involves the sale of all deposits and loans of SVB to First-Citizens, the FDIC said in a statement late Sunday.

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