{"id":18594,"date":"2023-03-31T13:07:36","date_gmt":"2023-03-31T17:07:36","guid":{"rendered":"https:\/\/poole.ncsu.edu\/thought-leadership\/?p=18594"},"modified":"2026-01-16T14:18:27","modified_gmt":"2026-01-16T19:18:27","slug":"richard-warr-points-out-the-benefit-of-headquartering-major-financing-institutions-in-raleigh","status":"publish","type":"post","link":"https:\/\/poole.ncsu.edu\/thought-leadership\/article\/richard-warr-points-out-the-benefit-of-headquartering-major-financing-institutions-in-raleigh\/","title":{"rendered":"Richard Warr Points Out the Benefit of Headquartering Major Financing Institutions in Raleigh"},"content":{"rendered":"\n\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/poole.ncsu.edu\/people\/rswarr\/\" data-type=\"URL\" data-id=\"https:\/\/poole.ncsu.edu\/people\/rswarr\/\">Richard Warr<\/a>, professor of finance, explains that the acquisition of Silicon Valley Bank by North Carolina-based First Citizens Bank is beneficial to the area.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;Having a bank that&#8217;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,&#8221; said Warr. &#8220;Whether or not we&#8217;ll see an immediate effect is debatable; but having that expertise now being held in a Raleigh-based bank must be good.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Read more on <a href=\"https:\/\/www.wunc.org\/business-economy\/2023-03-29\/first-citizens-acquisition-of-silicon-valley-bank-could-mean-more-cash-for-nc-startups\" data-type=\"URL\" data-id=\"https:\/\/www.wunc.org\/business-economy\/2023-03-29\/first-citizens-acquisition-of-silicon-valley-bank-could-mean-more-cash-for-nc-startups\">WUNC<\/a> and <a href=\"https:\/\/www.newsobserver.com\/news\/business\/article273532055.html\" data-type=\"URL\" data-id=\"https:\/\/www.newsobserver.com\/news\/business\/article273532055.html\">The News&amp;Observer<\/a>.<\/p>\n","protected":false,"raw":"<!-- wp:ncst\/dynamic-header {\"block\":\"ncst\/default-post-header\"} -->\n<!-- wp:ncst\/default-post-header {\"caption\":\"\",\"displayCategoryID\":77} \/-->\n<!-- \/wp:ncst\/dynamic-header -->\n\n<!-- wp:paragraph -->\n<p><a href=\"https:\/\/poole.ncsu.edu\/people\/rswarr\/\" data-type=\"URL\" data-id=\"https:\/\/poole.ncsu.edu\/people\/rswarr\/\">Richard Warr<\/a>, professor of finance, explains that the acquisition of Silicon Valley Bank by North Carolina-based First Citizens Bank is beneficial to the area.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>\"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.\"<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Read more on <a href=\"https:\/\/www.wunc.org\/business-economy\/2023-03-29\/first-citizens-acquisition-of-silicon-valley-bank-could-mean-more-cash-for-nc-startups\" data-type=\"URL\" data-id=\"https:\/\/www.wunc.org\/business-economy\/2023-03-29\/first-citizens-acquisition-of-silicon-valley-bank-could-mean-more-cash-for-nc-startups\">WUNC<\/a> and <a href=\"https:\/\/www.newsobserver.com\/news\/business\/article273532055.html\" data-type=\"URL\" data-id=\"https:\/\/www.newsobserver.com\/news\/business\/article273532055.html\">The News&amp;Observer<\/a>.<\/p>\n<!-- \/wp:paragraph -->"},"excerpt":{"rendered":"<p>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.<\/p>\n","protected":false},"author":0,"featured_media":16456,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"source":"","ncst_custom_author":"","ncst_show_custom_author":false,"ncst_dynamicHeaderBlockName":"ncst\/default-post-header","ncst_dynamicHeaderData":"{\"showAuthor\":true,\"showDate\":true,\"showFeaturedVideo\":false,\"displayCategoryID\":77,\"caption\":\"\"}","ncst_content_audit_freq":"","ncst_content_audit_date":"","ncst_content_audit_display":false,"ncst_backToTopFlag":"","footnotes":""},"categories":[170,77],"tags":[418,124,323],"_ncst_magazine_issue":[],"series":[],"class_list":["post-18594","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-in-the-news","category-newswire","tag-banking","tag-finance","tag-rtp"],"displayCategory":{"term_id":77,"name":"Newswire","slug":"newswire","term_group":0,"term_taxonomy_id":77,"taxonomy":"category","description":"","parent":0,"count":475,"filter":"raw"},"acf":{"ncst_posts_meta_modified_date":null},"_links":{"self":[{"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/posts\/18594","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/comments?post=18594"}],"version-history":[{"count":3,"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/posts\/18594\/revisions"}],"predecessor-version":[{"id":34507,"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/posts\/18594\/revisions\/34507"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/media\/16456"}],"wp:attachment":[{"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/media?parent=18594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/categories?post=18594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/tags?post=18594"},{"taxonomy":"_ncst_magazine_issue","embeddable":true,"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/_ncst_magazine_issue?post=18594"},{"taxonomy":"series","embeddable":true,"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/series?post=18594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}