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By
Inman News
on Monday, 27 March 2023
Category:
Inman News Blog
First Citizens BancShares to acquire SVB in FDIC-brokered deal
The deal includes the purchase of approximately $72 billion in loans at a discount of about $16.5 billion, along with the transfer of all of the bank's deposits totaling about $56 billion, according to the FDIC.
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