First Citizens to buy Silicon Valley Bank for up to $500mn Aisling Finn March 27, 2023 Twitter LinkedIn Show more sharing options Share Close extra sharing options Twitter LinkedIn 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