Confirmed: Sale of SVB Assets to First Citizens Bank Includes Wine Division

Silicon Valley Bank (SVB) has been acquired by North Carolina-based First Citizens Bank, according to a March 27 Federal Deposit Insurance Corporation (FDIC) press release. The purchase includes all of SVB’s U.S. departments — including the bank’s significant wine division, per the wine department founder and executive vice president (EVP) Rob McMillan.

In a March 27 email, McMillan shared details of the acquisition with VinePair:

Read More

Share:

Facebook
Twitter
Pinterest
LinkedIn

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts:
Subscribe to

Newsletter

Stay up to date with the latest in marketing, sales, service tips and news for the beverage alcohol industry.

Related Posts
VINEPAIR

Tito’s Newest Launch Is… an Empty Keg?

This vodka powerhouse has a bone to pick with the ready-to-drink bandwagon. Tito’s Handmade Vodka unveiled a new product online this week, dubbed “Tito’s in