Valley National Bancorp joins the bid for SVB in a historic auction
According to Bloomberg, Valley National Bancorp has joined First Citizens Bancshares on the bid for acquired Silicon Valley Bank (SVB). Both banks presented separate offers to the federal Deposit Insurance Corp. before the deadline on Friday night, after the Fdiction confiscated the lender. The FDIC has been trying to sell SVB for approximately two weeks … Read more Valley National Bancorp joins the bid for SVB in a historic auction