Svb Auction news and trends

Veteran Bank Buyer First Citizens Reportedly Wants Silicon Valley Bank

March 20, 2023
FDIC Plans to Try Again to Sell Silicon Valley Bank
Banking // March 13, 2023

Silicon Valley Bank may be coming up for sale again. After failing to find a buyer for the failed bank in a Sunday (March 12) auction, the Federal Deposit Insurance Corporation (FDIC) plans to try again, The Wall Street Journal (WSJ) reported Monday (March 13),...

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Veteran Bank Buyer First Citizens Reportedly Wants Silicon Valley Bank

March 20, 2023
First Citizens Bank reportedly aims to buy Silicon Valley Bank. The company — which has bought 20 failed banks over the last 14 years — has submitted an offer to buy Silicon Valley Bank (SVB) and may also participate in this week’s auctions for the bank and its Private Bank subsidiary, Bloomberg reported Monday (March […]

FDIC Plans to Try Again to Sell Silicon Valley Bank

March 13, 2023
Silicon Valley Bank may be coming up for sale again. After failing to find a buyer for the failed bank in a Sunday (March 12) auction, the Federal Deposit Insurance...