Afternoon Brief, March 27th

SVB Assets Acquired by First Citizens Bank & Trust Company: First Citizens Bank & Trust Company, Raleigh, NC, has entered into a purchase and assumption agreement with the FDIC for all deposits and loans of Silicon Valley Bridge Bank, National Association, according to an official FDIC news release...

A new wine industry and consumer website, sparklingdiscoveries.com, was recently launched by our client and industry friend, Vicky Farrow of Amista Vineyards in Dry Creek Valley, Healdsburg, California. Sparkling Discoveries was launched as a community-based resource to support the sparkling wine industry by helping to build community for sparkling wine makers, enthusiasts, and thought leaders. The website provides a platform to discover interesting Q&A style conversations with industry professionals, as well as resources and information to decode sparkling wine terminology, and methods of enjoyment. Rack & Riddle is honored to be among the first to be featured in conversations about sparkling wine, sparkling winemaking, and the science behind it. SPARKLING DISCOVERIES CONVERSATIONS WITH RACK & RIDDLE: BRUCE LUNDQUIST, CO-CHIEF EXECUTIVE OFFICER Bruce was featured in a 3-part series on his experience in launching a successful sparkling wine services business