Rita Garwood

Banks have been steadily increasing their presence in equipment finance over the years via mergers and acquisitions and by hiring experienced leadership teams. When the Monitor 100 launched in 1992, U.S. bank affiliates contributed 17% of the ranking’s net assets.... read more

February 27, 2024

First Citizens Bank announced a new leadership structure for its wealth organization, as Michael Wilson is assuming additional responsibility for SVB Private, a private banking and wealth management business that came to First Citizens through its acquisition of Silicon Valley Bank. read more

SEP 7, 2023 - 6:56 am

First Citizens Bank’s Silicon Valley Bank division named Martin Murrell head of global payments and Milton Santiago head of global digital solutions. read more

AUG 23, 2023 - 6:43 am

First Citizens Bank appointed Marc Cadieux, a 30-year veteran of Silicon Valley Bank, president of Silicon Valley Bank's commercial banking business. Based in the California Bay Area, Cadieux will lead the SVB Commercial team of more than 1,000 bankers. read more

JUN 9, 2023 - 7:09 am

According to Axios, following its acquisition of Silicon Valley Bank out of FDIC receivership at the end of March, First Citizens Bank fired approximately 500 employees brought over as part of the acquisition this week. read more

MAY 26, 2023 - 6:55 am

Reuters reported that First Citizens Bank filed a lawsuit against HSBC after it hired “dozens” of former Silicon Valley Bank employees in April. According to Reuters, First Citizens is alleging that HSBC “violated federal law by hiring away the workers.” read more

MAY 23, 2023 - 7:00 am

Flux Power, a developer of lithium-ion energy storage solutions for the electrification of commercial and industrial equipment, renewed the available credit under its existing $14 million facility with First Citizens Bank. read more

APR 28, 2023 - 7:01 am

According to Reuters, David Sabow, the former head of technology and healthcare in North America for Silicon Valley Bank, is leading a team of “dozens” of former Silicon Valley Bank employees in joining HSBC’s U.S. division. read more

APR 12, 2023 - 7:11 am

First Citizens Bank entered into an agreement with the Federal Deposit Insurance Corporation to purchase out of FDIC receivership substantially all loans and certain other assets and assume all customer deposits and certain other liabilities of Silicon Valley Bridge Bank. read more

MAR 27, 2023 - 7:29 am

Last week, 11 banks, including Bank of America, Citigroup, JPMorgan Chase and Wells Fargo, combined to make $30 billion in uninsured deposits in First Republic Bank to display confidence in the U.S. banking system following the collapse of Silicon Valley Bank. read more

MAR 20, 2023 - 7:22 am

Kirby McInerney announced a class action lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of those who acquired SVB Financial Group securities during the period from June 16, 2021, through March 10, 2023. read more

MAR 20, 2023 - 7:19 am

Silicon Valley Bank named Ashraf Hebela the new head of technology and healthcare banking for North America. The company also announced that Lewis Hower will step up to lead startup banking. read more

FEB 9, 2023 - 7:14 am

Tenet, an electric vehicle financing platform, secured an electric vehicle only warehouse facility by entering into a warehouse financing agreement of up to $20 million with Silicon Valley Bank to fund Tenet's electric vehicle loans. read more

OCT 28, 2022 - 7:19 am

Ambient Photonics closed the financing for its U.S. solar manufacturing facility, with Silicon Valley Bank and Trinity Capital adding $17.5 million in debt financing to the company’s equity investments of $31 million, raising Ambient’s combined equity and debt funding to $48.5 million. read more

SEP 8, 2022 - 7:36 am

SolarCity said it closed a $160 million term facility. BofA Merrill Lynch was said to have served as mandated lead arranger and sole bookrunner. KeyBank and Silicon Valley Bank served as joint lead arrangers. read more

JAN 26, 2016 - 7:01 am