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First Citizens interested in Silicon Valley Bank - Bloomberg

Mar. 19, 2023 12:34 AM ETSVB Financial Group (SIVBQ) Stock, FCNCA StockBy: Jonathan Block, SA News Editor16 Comments

First Citizen"s Bank, Brevard, NC

J. Michael Jones/iStock Editorial via Getty Images

  • First Citizens BancShares (NASDAQ:FCNCA) is said to be considering an offer for Silicon Valley Bank (NASDAQ:SIVB).
  • Bloomberg, citing people familiar with the situation, reported that offers for the beleaguered bank are due Sunday morning.
  • The news service also said at least one other bank is considering a bid.
  • An auction for SVB Financial (SIVB) about a week ago failed to find a suitor.

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