Silicon Valley Bank bought by First Citizens BancShares

First Citizens is based in Raleigh, North Carolina and calls itself America’s biggest family-controlled bank. It has been one of the largest buyers of troubled banks in recent years. Silicon Valley Bank collapse was swiftly followed by the failure of another US lender, Signature Bank. The assets and loans of collapsed US lender Silicon Valley Bank (SVB) are being bought by rival First Citizens BancShares. Investors welcomed the deal, sending First Citizens shares up more than 40%. all 17 former SVB branches will open under the First Citizens brand on Monday. SVB customers are being advised to continue using their current branch until they receive notice from First Citizens Bank that their account has been fully moved across. What is your take SVB acquisition ?