First Citizens Targets Mass., Northeast with Middle-Market Group
Along with the expansion into the Northeast, First Citizens hired two Boston-based executives to help manage the effort.
All Boston-Area SVB Private Branches to Rebrand
First Citizens Bank will finally plant its flag in Greater Boston roughly a year after buying Silicon Valley Bank following the latter’s March 2023 collapse.
First Citizens Pledges $6.5B to MA, CA Community Investments
Silicon Valley Bank’s buyer announced the grants and lending set-asides after community groups and housing advocates raised fears investments SVB promised before its failure would be lost.
First Citizens Reports SVB Deposit Flight Tapered Off
In addition to a $10 billion windfall that came with its acquisition of the failed Silicon Valley Bank in March, First Citizens Bank’s first-quarter earnings call Wednesday morning offered an even more important sign the deal will pay off.
Lynch, Pressley Push First Citizens on Affordable Housing
With affordable housing developers nervous about losing what was a key source of financing thanks to the collapse of Silicon Valley Bank, nearly the entire Massachusetts congressional delegation is urging the bank’s buyer to follow through on SVB’s commitments to affordable housing projects.
