First Citizens Buy of SVB Gives Startups, VCs More Certainty

Silicon Valley Bank Gets New Life As Arm Of 125-Year-Old Bank Out of North Carolina
Cybersecurity startups who for decades turned to Silicon Valley Bank in a pinch will now find themselves working with a 125-year-old, North Carolina-based institution. First Citizens Bank has bought all Silicon Valley Bank deposits and loans from the FDIC, which rescued the bank after its collapse.

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