First Citizens hopeful of SVB growth post Fed rate cuts
Market uncertainty weighed heavily on SVB operations
First Citizens Bank is hopeful that its acquisition of Silicon Valley Bank will yield glittering results — when the Federal Reserve finishes lowering interest rates. Raleigh, N.C.-based First Citizens acquired SVB in March 2023 after the Santa Clara, Calif.-based SVB suffered a run during the mini-banking crisis. “We expect that SVB commercial growth will be […]
