Richard Warr, professor of finance, explains that the acquisition of Silicon Valley Bank by North Carolina-based First Citizens Bank is beneficial to the area.
“Having a bank that’s headquartered in Raleigh that is becoming increasingly a major player in financing the tech industry has to be a good thing for the area,” said Warr. “Whether or not we’ll see an immediate effect is debatable; but having that expertise now being held in a Raleigh-based bank must be good.”
