Springfield, MO

Log in Subscribe

New owner of Silicon Valley Bank to lay off hundreds

Posted online

The new owner of Silicon Valley Bank is laying off hundreds of former employees.

First Citizens Bank confirmed the layoffs, with CEO Frank Holding Jr. calling them “difficult but necessary actions to ensure that our workforce and costs are appropriate for a bank our size.”

First Citizens took over Silicon Valley Bank about two months ago after it collapsed.

Read more from the Triangle Business Journal.


No comments on this story |
Please log in to add your comment
Editors' Pick
From the Ground Up: iTooth Family Dentistry

The iTooth Family Dentistry facility under development in south Springfield is centered on patient care.

Most Read
Update cookies preferences