Regional bank stocks rebounded this week as news broke that First Citizens Bank (FCNCB) would acquire the deposits and loans of Silicon Valley Bank. The deal, orchestrated by the FDIC, is the latest move to stabilize the global banking system.

Orbisa has been tracking the impact of market movements across several banking securities and momentum is largely mixed. Shares of First Republic continued to get more costly to borrow as the bank postured to stabilize its balance sheet. Emergency measures have bought the bank valuable runway, but its high cost-to-borrow indicates investors still view First Republic’s position as precarious.

Elsewhere, loan activity and cost-to-borrow remained high in several regional banks highlighted by PacWest Bancorp. However, most tracked names have seen significant cooling relative to recent activity, which seems to have peaked on March 16.