First Citizens to buy Silicon Valley Bank for up to $500mn Aisling Finn 27 March 2023 Twitter LinkedIn Email Show more sharing options Share Close extra sharing options Twitter LinkedIn Email Copy Link URLCopied! Print The Federal Deposit Insurance Corporation (FDIC) has announced that First Citizens has agreed to purchase embattled Silicon Valley Bank’s common stock for up to $500mn. To unlock this article Register for a free 14 day trial Already a subscriber? Login now