Acquisition History / First Citizens BancShares / Silicon Valley Bank
First Citizens BancShares Acquires Silicon Valley Bank
Announced January 2023 — $16.50B
What happened
Silicon Valley Bank was a company, acquired by First Citizens BancShares for $16.5 billion.
- Acquirer
- First Citizens BancShares
- Target
- Silicon Valley Bank
- Announced
- January 2023
- Price
- $16.50B
- Buyer type
- Strategic acquirer
- Status
- Closed
By the numbers
Frequently Asked Questions About This Acquisition
When did First Citizens BancShares acquire Silicon Valley Bank?
First Citizens BancShares acquired Silicon Valley Bank on January 2023. This was First Citizens BancShares's 3rd publicly tracked acquisition out of 3 we have on record.
How much did First Citizens BancShares pay for Silicon Valley Bank?
First Citizens BancShares paid $16.50B for Silicon Valley Bank.
What does Silicon Valley Bank do?
Silicon Valley Bank was a company, acquired by First Citizens BancShares for $16.5 billion.
More First Citizens BancShares acquisitions
CIT Group
$2.20B · 2022
First Citizens Bancorporation
$676M · 2014