Stock Market News
Customers Bancorp weighs making an offer for Silicon Valley Bank – Bloomberg News
2023.03.23 19:50
© Reuters. FILE PHOTO: The Silicon Valley Bank branch office is pictured in downtown San Francisco, California, U.S., March 13, 2023. REUTERS/Kori Suzuki/File Photo
(Reuters) – Customers Bancorp (NYSE:) Inc is exploring a deal for all or part of the failed Silicon Valley Bank, Bloomberg News reported on Thursday, citing people familiar with the matter.
The Pennsylvania-based lender has been seeking potential co-investors for a deal for Silicon Valley Bank, the report said.
FDIC, which controls the Silicon Valley Bank’s assets, and Customers Bank did not immediately respond to Reuters’ requests for comment.
