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  • Silicon Valley Bank Rises From Dead With First Citizens Acquisition

    Silicon Valley Bank Rises From Dead With First Citizens Acquisition

    Silicon Valley Bank, once triumphantly dubbed the “financial partner of the innovation economy,” before its recent historic collapse, is being acquired by First Citizens, a legacy banking institution founded in 1898. The new deal will see First Citizens take on the entirety of SVB’s loans and deposits just two weeks after the bank sent shockwaves…