Its collapse was swiftly followed by the failure ... using their current branch until they receive notice from First Citizens Bank that their account has been fully moved across.

Following the failure, SVB was acquired by First Citizens Bank, which took over $56 billion in deposits and $72 billion in ...

First Citizens is based in Raleigh ... rates and mounting withdrawals by customers as key causes of the bank's collapse. Interest rates were cut sharply during the 2008 global financial crisis ...