First Citizens Sued Patriot Bank Over Failing Credit Card Program So May 20 Hearing

First Citizens Sued Patriot Bank Over Failing Credit Card Program So May 20 Hearing by Matthew Russell Lee, Patreon Book Substack SDNY COURTHOUSE, May 13 –   Silicon Valley Bank failed, but the fights continue. In the U.S. District Court for the Southern District of New York, First Citizens Bank which bought it is suing Patriot Bank of Connecticut over a program its lawyers described as "failing." SDNY Judge Jed S. Rakoff held a conference on May 13; Inner City Press covered it, the only person in gallery.   Judge Rakoff declined to grant First Citizens the TRO it sought, but did press Patriot Bank's lawyers for a commitment not to affirmative reach out to customers pending a Preliminary Injunction hearing on May 20.    The Patriot Bank lawyers, citing Reg Z, said they would have to respond to customers. First Citizens' lawyers responded that the back-up servicer Carmel would also have to communicate - in the normal course only, of course.     First Citizens is gobbling up more than a hundred BMO bank branches.    If there had been anyone else in the gallery, they might have muttered, No honor among thieves. Watch this site.  The case is First Citizens Bank & Trust Company v. Patriot Bank, N.A., 1:26-cv-3810 (Rakoff)   *** Your support means a lot. As little as $5 a month helps keep us going and grants you access to exclusive bonus material on our Patreon page. Click here to become a patron. Feedback: Editorial [at] innercitypress.com Mail: Box 130222, Chinatown Station, NY NY 10013 Other, earlier Inner City Press are listed here, and some are available in the ProQuest service, and now on Lexis-Nexis.  Copyright 2006-2026 Inner City Press, Inc. To request reprint or other permission, e-contact Editorial [at] innercitypress.com