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.
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 Bank is moving to reaffirm innovation banking arm SVB Commercial’s presence in tech hubs around the country through a new advertisement campaign as local competitors look to challenge SVB’s dominance in the tech and biotech sectors.
Silicon Valley Bank’s March collapse may have vanished from the headlines, but the resulting dust is far from settled as its successor and a prominent local bank jockey for the opportunity to serve Massachusetts’ tech and biotech startups.