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First Citizens Bank acquires SVB's deposits and loans through a bridge bank transfer
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Deal includes purchase of $72B of SVB assets at a $16.5B discount
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"Loss-share transaction" entered into to minimize disruption for loan customers
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17 former SVB branches to open as First-Citizens Bank & Trust Co
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Estimated cost of SVB's failure to Deposit Insurance Fund is $20B
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SVB's collapse cited as a catalyst for Credit Suisse's downfall