First Citizens said its purchase of Silicon Valley Bank will improve its tech business

Raleigh's First Citizens Bank is buying the remnants of the collapsed Silicon Valley Bank — a move that will make the Smithfield-founded company one of the 25 largest banks in the country. Why it matters: The sale is a step toward stabilizing America's regional banking sector, after a month of tumult. • It's also a show of might by a Raleigh bank that is relatively unknown despite being one of the largest regional banks in the country. • First Citizens had $109 billion in assets at the end of last...