# First Citizens eyes more influence in tech industry with SVB purchase

- Link: https://www.widthness.com/first-citizens-eyes-more-influence-in-tech-industry-with-svb-purchase/
- Published: 2023-03-28T09:45:34-05:00
- Author: Curated by Theresa Wysocki

Photo caption: A First Citizens Bank branch. Photo credit: Elijah Nouvelage / Bloomberg via Getty Images. Article by Zachery Eanes and Dan Primack. Axios: Raleigh – March 27, 2023. Raleigh’s First Citizens Bank is buying the remnants of the collapsed Silicon Valley Bank — a move that will make the Smithfield-founded company one of the 25 largest banks in the country. Why it matters: The sale is a step toward stabilizing America’s regional banking sector, after a month of tumult. […] Click here to view original web page at www.axios.com Related articles: U.S. backstops Silicon Valley Bank sale to First Citizens – Reuters Deal to buy Silicon Valley Bank calms bank fears, for now – AP News Silicon Valley Bank has a new owner. What it means for the bank crisis – CNN: Business