First Citizens to drop SVB name, 3 years after crisis

First Citizens to drop SVB name, 3 years after crisis

Summary

The words "Silicon Valley Bank" are finally being removed from a subsidiary of First Citizens Bancshares, which acquired much of the failed bank in 2023.

Description

The words "Silicon Valley Bank" are finally being removed from a subsidiary of First Citizens Bancshares, which acquired much of the failed bank in 2023.

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