First Citizens to Shed SVB Name

First Citizens to shed SVB name

The Raleigh, North Carolina-based lender is dropping the Silicon Valley Bank name in the fourth quarter. It’s also letting go of the CIT name that’s remained with a commercial unit since a 2022 acquisition.

First Citizens Plans to Retire Silicon Valley Bank Name

Three years after buying failed lender Silicon Valley Bank (SVB), First Citizens BancShares is retiring the name in favor of rebranding.

Silicon Valley Bank shows there wasn't much left to its name

First Citizens finally pulls the plug on the failed bank it acquired in 2023. Also, prediction markets are keeping regulators and lawyers busy.