People familiar with the matter: First Citizens Bank of the United States is considering buying Silicon Valley Bank

First Citizens BancShares is evaluating a takeover bid for Silicon Valley Bank, according to people familiar with the matter. The Narrowly, North Carolina-based First Citizens Bank of the United States is one of the few potential buyers for the bankrupt Silicon Valley Bank, with offers due to close on Sunday morning, people familiar with the matter said. The FDIC will decide on Sunday whether to sell Silicon Valley Bank outright or break it up, depending on whether there is a bid, a person familiar with the matter said. At least one other bidder is seriously considering SVB. No final decision has been made, and First Citizens may also choose not to bid, the people said.