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Zenger
Zenger
Business
Natan Ponieman

How A $700M Tech VC Firm Was Saved From SVB Collapse, And Why Its CEO Still Banks There

First Citizens Bank logo displayed on mobile with Silicon Valley Bank seen in the background. First Citizens Banks agreed to buy Silicon Valley Bank where Jeff Ransdell still banks. JONATHAN RAA/BENZINGA

The collapse of Silicon Valley Bank has sounded an alarm for the entire banking sector. 

Big European banks including giants Deutsche Bank and Credit Suisse had their foundations shaken, while several cryptocurrency and regional banks in the U.S. failed.

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