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First Citizens-SVB Deal Gives Startups, VCs More Certainty
March 27, 2023, 9:18 a.m. |
BankInfoSecurity.com RSS Syndication www.bankinfosecurity.com
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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