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First Citizens ending Silicon Valley Bank name after three years

First Citizens acquired SVB in 2023 during the mini-banking crisis

Bloomberg NewsbyBloomberg News
April 23, 2026
in Banking
Reading Time: 2 mins read
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First Citizens BancShares Inc. will retire the Silicon Valley Bank name three years after it acquired the go-to bank for startups in a government-orchestrated deal. The Raleigh, North Carolina-based regional bank will rename its Silicon Valley Bank division into two units, to be called First Citizens Innovation Banking and First Citizens Fund Banking, in the […]

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Tags: bank earningsBloombergFirst Citizensmergers and acquisitionsNewsPremiumSilicon Valley Bank
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