Silicon Valley Bank (SVB)'s assets and debts are being purchased by rival First Citizens BancShares.
The failure of SVB earlier this month sparked concerns about the stability of other lenders, causing bank shares to plummet around the globe.
Concerns about the strength of Swiss banking giant Credit Suisse prompted a hasty takeover by competitor UBS in Europe.
Investors' nerves have not subsided, and bank stocks dropped sharply on Friday.
After a run on the bank, US regulators seized SVB earlier this month, and its failure was quickly followed by the loss of another US bank, Signature Bank.
The collapses of the two were the largest bank failures in the United States since the 2008 financial crisis.
According to the SVB takeover agreement revealed by the US Federal Deposit Insurance Corporation (FDIC), all 17 former SVB branches will reopen on Monday under the First Citizens brand.
Customers of SVB should continue to use their current branch until they receive notification from First Citizens Bank that their account has been completely transferred over.
First Citizens, headquartered in Raleigh, North Carolina, bills itself as "America's largest family-controlled bank." In recent years, it has been one of the biggest buyers of troubled banks.
It purchased approximately US$72 billion in SVB assets and debts at a US$16.5 billion discount. The FDIC will continue to retain approximately US$90 billion in SVB assets.
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