Financial Deposit Insurance Corporation

First Citizens Bank Acquires Deposits And Loans Of Failed Silicon Valley Bank

The 17 former branches of Silicon Valley Bank will now open as First-Citizens Bank and Trust Company starting today.

Mar 27, 2023, 15:10 PM IST

US Bails Out Silicon Valley Bank Depositors, Says Will Get All Their Money Back

Depositors will have access to all of their money starting Monday, March 13. No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer, said a joint statement.

Mar 13, 2023, 09:25 AM IST