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Tag: First Citizens Bancshares Inc. Cl A

First Citizens reports .5 bln profit on Silicon Valley Bank acquisition

First Citizens reports $9.5 bln profit on Silicon Valley Bank acquisition

May 10, 2023May 10, 2023 · Breaking News

First Citizens Bancshares Inc. FCNCA on Wednesday reported a first-quarter profit of $9.5 billion, or $653.64 a share, up sharply from a year-ago profit of $264 million, or…

Read more First Citizens reports $9.5 bln profit on Silicon Valley Bank acquisition
First Citizens reports .5 bln profit on Silicon Valley Bank acquisition

U.S. stocks end mostly higher as banks helped buoy S&P 500 after First Citizens deal

March 27, 2023March 27, 2023 · Breaking News

U.S. stocks closed mostly higher Monday, as bank shares climbed after First Citizens BancShares Inc. FCNCA, +53.74% agreed to buy failed Silicon Valley Bank’s deposits and loans. The…

Read more U.S. stocks end mostly higher as banks helped buoy S&P 500 after First Citizens deal
First Citizens enters agreement to buy Silicon Valley Bridge Bank, says FDIC

First Citizens enters agreement to buy Silicon Valley Bridge Bank, says FDIC

March 26, 2023March 27, 2023 · Breaking News

First Citizens BancShares Inc. has entered a deal to assume all the deposits and loans of the failed Silicon Valley Bridge Bank from the Federal Deposit Insurance Corp., the…

Read more First Citizens enters agreement to buy Silicon Valley Bridge Bank, says FDIC
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