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First Citizens grabs SVB wealth unit as part of broader deal
The addition of SVB Wealth, which has close to $16 billion in client assets, will help First Citizens expand in the California market.
First Citizens to buy Silicon Valley Bank after run on lender
The deal transforms North Carolina-based First Citizens into one of the top 15 U.S. banks, as it buys about $72 billion of SVB's assets at a discount of $16.5 billion.
