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Customers Bancorp weighs making an offer for Silicon Valley Bank

by Reuters
March 24, 2023
in Stock Market
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© 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.



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