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Coverage dated March 26, 2023 to March 27, 2023

CNBC Daily Open: First Citizens Made a Good Deal

Headline from NBC10 Philadelphia, on the newest of 2 developments

Investors liked First Citizens Bank’s deal to buy Silicon Valley Bank’s deposits and loans so much that they pushed its stock 53.74% higher.

NBC10 Philadelphia's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.

Developments in this update

2 dated developments, oldest first, newest marked. Each is named by one outlet's own headline; open its reports to see every outlet that covered it.

  1. Deal to buy Silicon Valley Bank calms bank fears, for now

    Headline from The Buffalo News ·

  2. Newest

    CNBC Daily Open: First Citizens Made a Good Deal

    Headline from NBC10 Philadelphia ·

Read the reports

Reports & sources

147 articles, oldest first.

  1. Foxla

    First Citizens to acquire troubled Silicon Valley Bank, FDIC says (opens Foxla)

    Published

    Foxla's feed description

    Customers of Silicon Valley will automatically become customers of First Citizens, which is headquartered in North Carolina.

  2. ABC 7 San Francisco

    Silicon Valley Bank assets to be sold to First Citizens, FDIC says (opens ABC 7 San Francisco)

    Published

    ABC 7 San Francisco's feed description

    First Citizens Bank will buy about $72 billion in assets from the failed Silicon Valley Bank, the Federal Deposit Insurance Corporation said.

  3. NBC News

    First Citizens Bank to buy Silicon Valley Bank deposits and loans (opens NBC News)

    Published

    NBC News's feed description

    The 17 former branches of Silicon Valley Bridge Bank will open as First–Citizens Bank & Trust Company on Monday, the FDIC said in a statement.

  4. Deseret News

    First Citizens Bank to acquire Silicon Valley Bank (opens Deseret News)

    Published

    Deseret News's feed description

    First Citizens is set to take the sale of all loans and deposits from Silicon Valley Bank.

  5. KGW Portland

    Silicon Valley Bank bought, all 17 branches will reopen under new name (opens KGW Portland)

    Published

    KGW Portland's feed description

    Customers of SVB will automatically become customers of First Citizens, and the 17 former branches of SVB will open as First Citizens branches Monday.

  6. New York Times

    First Citizens to Acquire Failed Silicon Valley Bank (opens New York Times)

    Published

    New York Times's feed description

    The Federal Deposit Insurance Corporation, which announced the deal late Sunday, had been looking for a buyer since seizing control of the bank.

  7. Bangor Daily News

    Troubled Silicon Valley Bank acquired by First Citizens (opens Bangor Daily News)

    Published

    Bangor Daily News's feed description

    That deal, at least initially, seemed to achieve what regulators have sought: a shoring up of trust in U.S. regional banks.

  8. FOX Business

    First Citizens reportedly nearing deal to acquire Silicon Valley Bank (opens FOX Business)

    Published

    FOX Business's feed description

    First Citizens Bank is reportedly nearing a deal to acquire the failed Silicon Valley Bank through an auction held by the Federal Deposit Insurance Corporation.

  9. WFAA Dallas

    First Citizens acquires troubled Silicon Valley Bank (opens WFAA Dallas)

    Published

    WFAA Dallas's feed description

    Customers of SVB will automatically become customers of First Citizens, and the 17 former branches of SVB will open as First Citizens branches Monday.

  10. Digital Journal

    First Citizens to acquire collapsed Silicon Valley Bank (opens Digital Journal)

    Published

    Digital Journal's feed description

    US bank First Citizens said Monday it has agreed to purchase much of Silicon Valley Bank, whose collapse this month sparked global fears about the sector.

  11. ABC 7 San Francisco

    Silicon Valley Bank purchased by First-Citizens Bank, FDIC says (opens ABC 7 San Francisco)

    Published

    ABC 7 San Francisco's feed description

    Silicon Valley Bank has been purchased by First-Citizens Bank, the FDIC announced Sunday night.

  12. Philadelphia Inquirer

    First Citizens to acquire troubled Silicon Valley Bank (opens Philadelphia Inquirer)

    Published

    Philadelphia Inquirer's feed description

    North Carolina-based First Citizens will buy Silicon Valley Bank, the tech industry-focused financial institution that collapsed earlier this month.

  13. RedState

    Two Weeks After Its Total Collapse, Silicon Valley Bank Has a New Owner (opens RedState)

    Published

    RedState's feed description

    The purchase of Silicon Valley Bank brings a bit more stability to the financial sector.

  14. CNN

    First Citizens Bank to purchase assets of Silicon Valley Bank (opens CNN)

    Published

    CNN's feed description

    The Federal Deposit Insurance Corporation has announced that First-Citizens Bank & Trust Company will purchase all deposits and loans of Silicon Valley Bridge Bank.

  15. CBS News

    FDIC: First-Citizens Bank to purchase assets of Silicon Valley Bank (opens CBS News)

    Published

    CBS News's feed description

    The FDIC announced late Sunday that North Carolina-based First-Citizens Bank & Trust Company will purchase all deposits and loans of Silicon Valley Bank.

  16. The Boston Globe

    First Citizens Bank to acquire Silicon Valley Bank, FDIC says (opens The Boston Globe)

    Published

    The Boston Globe's feed description

    The Federal Deposit Insurance Corp. says it 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.

  17. KTVZ Bend

    FDIC: First Citizens Bank to acquire Silicon Valley Bank (opens KTVZ Bend)

    Published

    KTVZ Bend's feed description

    NEW YORK (AP) — 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.

  18. Wyoming Public Media

    The FDIC says First Citizens Bank will acquire Silicon Valley Bank (opens Wyoming Public Media)

    Published

    Wyoming Public Media's feed description

    First Citizens will buy Silicon Valley Bank, the tech industry-focused financial institution that collapsed earlier this month, rattling the banking industry and sending shockwaves around the world.

  19. NBC Chicago

    First Citizens Soars More Than 50% After Buying Large Chunk of Failed Silicon Valley Bank (opens NBC Chicago)

    Published

    NBC Chicago's feed description

    The deal will see First Citizens Bank purchase approximately $72 billion of SVB assets at a discount of $16.5 billion.

  20. NBC Los Angeles

    First Citizens to Buy Large Chunk of Failed Silicon Valley Bank (opens NBC Los Angeles)

    Published

    NBC Los Angeles's feed description

    The deal will see First Citizens Bank purchase approximately $72 billion of SVB assets at a discount of $16.5 billion.

  21. Forbes

    Silicon Valley Bank Acquired By First Citizens After Failure (opens Forbes)

    Published

    Forbes's feed description

    First Citizens Bank will purchase about $72 billion of Silicon Valley Bank’s assets at a discount of $16.5 billion.

  22. Kilgore News Herald

    First Citizens Buys Silicon Valley Bank Loans, Deposits From FDIC: Bank Stocks Gain (opens Kilgore News Herald)

    Published

    Kilgore News Herald's feed description

    Regional bank stocks are moving higher Monday following a late-night agreement by First Citizens to buy the assets of failed lender Silicon Valley Bank.

  23. PBS NewsHour

    First Citizens strikes deal to acquire troubled Silicon Valley Bank (opens PBS NewsHour)

    Published

    PBS NewsHour's feed description

    While more than half of Silicon Valley’s assets will remain in U.S. receivership, the First Citizens deal announced late Sunday, at least initially, seemed to achieve what regulators have sought: a shoring up of trust in U.S. regional banks.

  24. Geek Wire

    First Citizens Bank is buying Silicon Valley Bank’s deposits and loans (opens Geek Wire)

    Published

    Geek Wire's feed description

    First Citizens Bank has agreed to purchase all deposits and loans of Silicon Valley Bank, the Federal Deposit Insurance Corporation announced late Sunday. Depositors of Silicon Valley Bridge Bank, the…

  25. Tyler Morning Telegraph

    First Citizens Purchases Failed Silicon Valley Bank (opens Tyler Morning Telegraph)

    Published

    Tyler Morning Telegraph's feed description

    First Citizens Bank bought the deposits and loans of failed Silicon Valley Bank in a deal announced Sunday by the Federal Deposit Insurance Corporation. During Monday morning trading, First Citizens

Showing the first 25 of 50 headlines. ·

Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.

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