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Re: Robert from yahoo bd post# 751732

Monday, 03/27/2023 11:02:13 PM

Monday, March 27, 2023 11:02:13 PM

Post# of 796619
FDIC takes a 1/2B equity stake in First Citizens Bank from the resolution of SVB:

“In addition, the FDIC received equity appreciation rights in First Citizens BancShares, Inc., Raleigh, North Carolina, common stock with a potential value of up to $500 million,” the FDIC said in a release."

https://www.cnbc.com/2023/03/27/first-citizens-bank-to-buy-silicon-valley-banks-deposits-and-loans.html

"In addition, the FDIC received equity appreciation rights in First Citizens BancShares, Inc., Raleigh, North Carolina, common stock with a potential value of up to $500 million."

https://www.fdic.gov/news/press-releases/2023/pr23023.html

First Citizens stock was up 54% today.
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