FDIC Acts to Protect All Depositors of Silicon Valley Bank and Signature Bank
March 14, 2023
The The Federal Deposit Insurance Corporation (FDIC)) was appointed receiver of both institutions. To protect depositors, the FDIC transferred all the deposits and substantially all of the assets of the banks to newly created, full-service FDIC-operated bridge banks.
Contact ALTA at 202-296-3671 or [email protected].