Silicon Valley Bank U.S. stocks plummeted 97.41% before the market

Silicon Valley Bank's U.S. stock price plummeted 97.41% to $2.75 before the market. Previously, First Citizens Bank agreed to acquire Silicon Valley Bank, a transaction that included the purchase of approximately $72 billion of the assets of the Transition Bank of Silicon Valley Bank at a discounted price of $16.5 billion, and all deposits assumed by First Citizens Bank will continue to be FDIC-insured up to a maximum of $16.5 billion. reached the insurance limit.