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SILICON VALLEY BANK PITCHES ITS COMEBACK STORY AT LAS VEGAS CONFERENCE

 * ‘We’re not afraid to re-earn that trust,” SVB executive says
 * Bank was bought by First Citizens after collapsing in March

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By Paige Smith
October 25, 2023 at 8:05 PM GMT+1
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In a quiet, beige hospitality suite tucked away in Las Vegas’s Venetian hotel,
executives at Silicon Valley Bank — the tech-friendly lender which collapsed
after a bank run — gathered to hammer home a message: The bank is back.

After failing in a matter of days and largely being subsumed by regional lender
First Citizens BancShares Inc. weeks later, the business — now a unit of First
Citizens and still using its old name — is fighting to win back clients and
reassert itself as a go-to financial partner for startups and venture capital
funds.

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