Silicon Valley Bank’s rapid fall this month initially felt cataclysmic for the Bay Area’s startup industry. Less than three weeks later, news of the bank’s purchase by First Citizens Bank was met Monday with little more than raised eyebrows. “We don’t even think about it anymore except to say, ‘Oh my gosh, remember how crazy it was?’ ” said Chon Tang, general partner at SkyDeck, UC Berkeley’s startup accelerator. The Santa Clara-based bank’s demise set off a crisis in confidence in the banking industry but also opened up opportunity for...

Here's a look at trending topics from today, March 27: The suspect in a Nashville school shooting on Monday had drawn a detailed map of the school, including potential entry points, and conducted surveillance before killing three students and three adults in the latest in a series of mass shootings in a country growing increasingly unnerved by bloodshed in schools. The shooter was armed with two “assault-style” weapons — a rifle and a pistol — as well as a handgun, authorities said. At least two of them were believed to...

The Federal Deposit Insurance Corp. seized control of Silicon Valley Bank on March 10, after a run on deposits left it insolvent, making it the country’s largest bank failure since the 2008 financial crisis. The FDIC has since been looking for a buyer for the bank, which was the country’s 16th largest when it collapsed. First Citizens BancShares, a family-run bank in North Carolina that traces its history to the late 1800s, said on Sunday that it would acquire Silicon Valley Bank, the California lender founded in the 1980s at...

Raleigh's First Citizens Bank is buying the remnants of the collapsed Silicon Valley Bank — a move that will make the Smithfield-founded company one of the 25 largest banks in the country. Why it matters: The sale is a step toward stabilizing America's regional banking sector, after a month of tumult. • It's also a show of might by a Raleigh bank that is relatively unknown despite being one of the largest regional banks in the country. • First Citizens had $109 billion in assets at the end of last...

The Triangle’s largest bank is making national headlines with its recent purchase of one of the most famous — or infamous — banks in the country. Late Sunday, Raleigh-based First Citizens Bank entered an agreement with the federal government to buy all the deposits and loans of the former Silicon Valley Bank, a tech-focused financial institution which collapsed on March 10. First Citizens is using company stock worth up to $500 million to complete the purchase, according to the Federal Deposit Insurance Corporation (FDIC), which has managed Silicon Valley since...