The assets and loans of collapsed US lender Silicon Valley Bank (SVB) are being bought by rival First Citizens BancShares.
Investors welcomed the deal, sending First Citizens shares up more than 40%.
The rise helped drive broader gains in banking shares, which have been in turmoil since SVB's failure sparked fears over the stability of the sector.
In Europe, worries over the strength of Swiss banking giant Credit Suisse led to a rushed takeover by rival UBS.
The deal for SVB brings to a close a saga that started earlier this month after a run on the bank forced US regulators to take over. Its collapse was swiftly followed by the failure of another US lender, Signature Bank.
The demise of the two were the biggest bank failures in the US since the financial crisis of 2008.
Under the SVB takeover deal, all 17 former SVB branches will open under the First Citizens brand on Monday. SVB customers are being advised to continue using their current branch until they receive notice from First Citizens Bank that their account has been fully moved across.
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