(Reuters) – First Citizens BancShares Inc is reviewing a bid for Silicon Valley Bank, Bloomberg News reported on Saturday, citing people familiar with the matter.
At least one other suitor is attracting serious consideration for the collapsed lender, the report said.
SVB and First Citizens did not immediately respond to Reuters’ request for comment after business hours.
Reuters reported earlier this week that the Federal Deposit Insurance Corp has asked banks interested in acquiring Silicon Valley Bank and Signature Bank to submit bids by March 17.
The auctions followed the FDIC’s takeover of Silicon Valley Bank last Friday and Signature Bank on Sunday, as the collapse of the two mid-tier US lenders rocked global financial markets amid fears of contagion.
This will be the FDIC’s second attempt to sell SVB after a failed attempt a week ago. The FDIC had hired investment bank Piper Sandler Cos to conduct a new auction, the sources told Reuters.
(Reporting by Lavanya Ahire in Bengaluru; Editing by Jacqueline Wong and Lincoln Feast.)
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