SVB deal catapults First Citizens closer to tighter rules

With assets more than doubling to $219bn, acquisitive bank flirts with category III designation

First Citizens Bank’s acquisition of Silicon Valley Bank’s spoils is set to drastically reduce its distance to the asset-size threshold that entails tighter supervision under Federal Reserve rules, including new liquidity standards and more frequent participation in stress tests.

The salvage of SVB’s loans and deposits will give First Citizens total assets of around $219 billion, propelling it from 37th to 17th-largest bank holding company in the country, and sending it much closer to the $250

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