A fast-growing North Carolina lender with a history of buying failed banks is taking on its largest challenge yet with its purchase of Silicon Valley Bank
A fast-growing North Carolina lender with a history of buying failed banks is taking on its largest challenge yet with itsFirst Citizens BancShares Inc.’s acquisition of the bulk of SVB’s assets will effectively double the size of the 125-year-old lender, which for most of its history was controlled by one family and
. The Raleigh-based bank, which had $42 billion in assets three years ago, will have $219 billion after the SVB deal.
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