First Citizens said to be near deal for Silicon Valley Bank: Report

First Citizens said to be near deal for Silicon Valley Bank: Report

FILE PHOTO: A man puts a sign on the door of the Silicon Valley Bank as an onlooker watches at the bank’s headquarters in Santa Clara, California, U.S. March 10, 2023. REUTERS/Nathan Frandino/File Photo

First Citizens BancShares Inc was in advanced talks to acquire Silicon Valley Bank and close to making a deal, Bloomberg News reported on Sunday, citing people familiar with the matter.