First Citizens terminates FDIC shared-loss agreement on $60B SVB loan portfolio

FIRST CITIZENS BANCSHARES INC /DE/

Early termination of commercial shared-loss agreement (CSLA) with FDIC covering $60B in loans from Silicon Valley Bridge Bank acquisition.
Termination motivated by remote likelihood of reaching the $5B loss threshold; no payments due from either party.
$35.99B purchase money note (3.50% fixed, matures March 2028) remains in effect and unaffected by the termination.
All FDIC loss-sharing (0% under $5B, 50% above) and FCB reimbursement obligations and related reporting covenants eliminated.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.