First Citizens BancShares Inc (Delaware) Enters into Whole Bank Purchase of Silicon Valley Bridge Bank National Association- M&A Call Transcript

Feb 07, 2024

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Mar 27, 2023 / 12:30PM GMT
Operator

Ladies and gentlemen, thank you for standing by and welcome to the First Citizens BancShares conference call to discuss the recent acquisition of Silicon Valley Bridge Bank by its subsidiary, First Citizens Bank. (Operator Instructions) As a reminder, today's conference is being recorded.

I would now like to introduce you to your host of this conference, Ms. Deanna Hart, Senior Vice President of Investor Relations. You may begin.

Deanna W. Hart - First Citizens BancShares, Inc. - SVP of IR

Thank you and good morning, everyone. Earlier today, First Citizens and the FDIC issued news releases announcing the acquisition of substantially all loans and certain other assets, an assumption of customer deposits and certain other liabilities of Silicon Valley Bridge Bank. Both our press release and investor presentation have been posted on the company's Investor Relations website. During the call, we will be referencing our investor presentation and following the completion of our presentation, we'll happily take questions.

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