Thimble, founded in 2016, provides insurance "in minutes" to a plethora of industries including pet, beauty and cleaning services through its mobile app, website or over the phone.

The Federal Trade Commission is seeking a temporary restraining order to prevent the deal from being completed prior to its July 12 administrative hearing.

But the deal propels the four-year old buyer of its wholesale origination operation, The Loan Store, into the national spotlight.

At the beginning of March, over 40 LOs were sponsored by the lender, but as of April 6, 10 LOs remain registered with it on the Nationwide Multistate Licensing System & Registry.

The president of originations at the public company, Phil Shoemaker, will take over as CEO of the acquiring firm.

The neobank purchased the fintech lender in an all-cash offer, but did not disclose the price tag.

Two years ago, the parent company of Silicon Valley Bank promised $11.2 billion in community development support. Activists want First Citizens, which acquired much of the failed bank, to fulfill the commitment.

Past disclosures about the lender's numbers aren't in question but its acquirer's are, according to new filings.

With the acquisitions of CIT Group and a large portion of the failed Silicon Valley Bank, the North Carolina company has doubled in size for the second time in a little more than a year and joined the class of super regionals.

First Citizens BancShares in North Carolina has entered into a purchase and assumption agreement for all deposits and loans of the failed bank, according to the Federal Deposit Insurance Corp. About $90 billion of securities and other assets will remain in receivership.