For Silicon Valley Bank clients, First Citizens is an unknown – and unproven – new partner

If you had asked Matthew Iommi a few weeks ago, he would have said, “First Citizens who?” Iommi, the Austin-based co-founder and CEO of Fetii, an on-demand rideshare app, still doesn’t know much about the Raleigh bank that just acquired the assets of his longtime partner, Silicon Valley Bank. As of late Monday, he had received zero communication from the new parent company, he said. Triangle Business Journal, a sister publication of the NBJ, spoke with several founders, many of whom declined…
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