First Citizens BancShares, Inc. (NASDAQ:FCNCA, OTCPK:FCNCB) bought part of Silicon Valley Bank of SVB Financial Group (OTC:SIVBQ) from the FDIC. They got a $16.5B discount along with several other sweeteners from the FDIC. This $16.5B is free equity for FCNCA. An eye-popping amount, considering that FCNCA only had $8.8B in common equity before the deal. In addition to this free equity, First Citizens BancShares, Inc. received several other benefits. A 5-year, $35B loan at a 3.5% coupon. 5-year treasuries currently yield ~3.5%, so borrowing at this rate is a coup.