The FDIC says First Citizens Bank will acquire Silicon Valley Bank

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The Silicon Valley Bank logo is seen at an open branch in Pasadena, Calif., on March 13, 2023.

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.

(Image credit: Damian Dovarganes/AP)

Read More at NPR

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