The Federal Insurance Deposit Agency (FDIC) has stated that the recently shut down crypto-friendly Silicon Valley Bank (SVB) has been acquired by First Citizens Bank & Trust Company.
The FDIC announced on its official website on March 26 that the SVB is the largest US company. 30. bank First Citizens Bank & Trust Company by 16.5 billion announced that it was purchased at a discount of $. Banks that filed for bankruptcy in March of the circle there are some important He also worked as a deposit keeper for crypto companies.
Total assets approx. 167 billiontotal deposits 119 billion dollars and total assets 72 billion The approximate amount of SVB in dollars 90 billion dollar assets FDIC by trustee for sale stay in control will continue reported.
In addition, the FDIC 500 from First Citizens BancShares worth millions of dollars share took. In addition, the SVB’s FDIC of the cost approximately 20 billion It was said that it is in dollars, but the final results will be known after all transactions are completed.
of the SVB 17 of your branch, March 27 as of date First Citizens will continue to serve under the name of SVB customers and new buyer’s customer to banking transactions will continue specified.
First Citizens, SVB assets And of customers Besides the credit losses as well. to some partner it happened. Bank and FDIC’s SVB’s commercial from loans born to share the damage included in the notification.