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After a lot of speculation claiming that Silicon Valley Bank could be sold to First Citizens Bank, an agreement has been entered between First-Citizens Bank &amp; Trust Company to purchase and assume all deposits and loans of Silicon Valley Bridge Bank, N.A. The 17 former branches of SVB will open as First-Citizens Bank &amp; Trust Company on Monday, March 27. However, customers of the bank should continue to use their current branch. Going forward, they will receive a notice from First-Citizens Bank &amp; Trust Company indicating that system conversions have been completed. Only after completion will bank services at all locations be available. <img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/4d866e82a9a449e28b78f373f83b6b46.png" />#KOMnews #kommunitas #firstcitizenbank #siliconvalley #acquisition #svb #cryptonews #economycrisis #CryptoCommunity

First Citizens Bank Officially Acquired Silicon Valley Bank

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