Raleigh's First Citizens Bank is buying the remnants of the collapsed Silicon Valley Bank — a move that will make the Smithfield-founded company one of the 25 largest banks in the country. Why it matters: The sale is a step toward stabilizing America's regional banking sector, after a month of tumult. The intrigue: It's remarkable that a Raleigh bank now owns Silicon Valley's namesake financial institution, Axios' Dan Primack writes. For years it was impossible to get a direct flight between RDU and SFO, with many Research Triangle Park founders complaining that it hampered their ability to secure venture capital.