Silicon Valley Bank to Be Acquired by First Citizens After Biggest US Bank Collapse Since 2008 | Technology News

Silicon Valley Bank to Be Acquired by First Citizens After Biggest US Bank Collapse Since 2008 Silicon Valley Bank, the US bank that collapsed earlier this month, will be acquired by First Citizens, the latter announced on Monday. The loans and deposits from Silicon Valley Bank will be acquired by First Citizens, and 17 former branches of SVB will open on Monday as "Silicon Valley Bank, a division of First Citizens Bank."