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First Citizens acquires SVB, the daunting reality of AI & Refiberd CEO Sarika Bajaj | E1707
This Week in Startups
Silicon Valley Banks Collapse Will Cost Depositors Insurance Fund About $20 Billion
The FDIC estimate Silicon Valley banks collapse will cost its depositors insurance fund about $20 billion. The 17 former branches of SVB will open as First Citizen branches Monday, which is today. Customers should continue to use their current branch until they receive notice from First Citizens Bank and Trust Company that systems conversions have been completed.
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