First Citizens Bank can’t lose with this deal, purchasing $72 billion in Silicon Valley Bank‘s assets for $16 billion, and protecting themselves from any downside with a loss-share agreement with the FDIC.

https://www.pymnts.com/news/2023/first-citizens-snaps-up-big-chunk-of-svb/?utm_source=Sailthru&utm_medium=email&utm_campaign=Main%20NL%2003/27&utm_term=Main%20Newsletter