First Citizens BancShares to acquire SVB in FDIC-brokered deal
![First Citizens BancShares to acquire SVB in FDIC-brokered deal](https://thefloridabusinessreview.com/wp-content/uploads/2023/03/Untitled-design-2023-03-27T125230.431-4GnCsd.jpeg)
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.