First Citizens Bank's Acquisition of SVB Assets Leads to Financial Success and New Home for SVB Assets.

The Federal Deposit Insurance Corporation (FDIC) has agreed to reimburse First Citizens Bank for 50% of all commercial loan losses if the losses of those loans made by Silicon Valley Bank are above $5 billion. The FDIC has done so nine previous times, on more than $8 billion in other loans First Citizens assumed from failed institutions. Loss-share agreements became a fixture following the 2008 financial crisis as regulators took down hundreds of banks and scrambled to find buyers willing to take on a mountain of troubled mortgages.