Amid reports that Pennsylvania-based Customers Bancorp was seeking potential co-investors for a bid to purchase the failed Silicon Valley Bank (SVB), two regional banks have emerged as contenders for the FDIC-controlled asset. First Citizens BancShares and Valley National Bancorp both filed bids with the Federal Deposit Insurance Corp. (FDIC) on Saturday (March 25). Sources indicated … First Citizens and Valley National compete to purchase Silicon Valley Bank Read More »
