First Citizens hopeful of SVB growth post Fed rate cuts

First Citizens Bank is hopeful that its acquisition of Silicon Valley Bank will yield glittering results — when the Federal Reserve finishes lowering interest rates. Raleigh, N.C.-based First Citizens acquired SVB in March 2023 after the Santa Clara, Calif.-based SVB suffered a run during the mini-banking crisis.  “We expect that SVB commercial growth will be […]