Adds details from report
March 26 (Reuters) – First Citizens BancShares Inc FCNCA.O was in advanced talks to acquire Silicon Valley Bank SIVB.O and close to making a deal, Bloomberg News reported on Sunday, citing people familiar with the matter.
First Citizens could reach a deal as soon as Sunday to acquire Silicon Valley Bank from the Federal Deposit Insurance Corp (FDIC), the report said.
First Citizens and FDIC did not immediately respond to Reuters requests for comment.
(Reporting by Maria Ponnezhath in Bengaluru; Editing by David Gregorio)
((Maria.Ponnezhath@thomsonreuters.com; +91 8061822749;))
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