Read FDIC announcement on shutting down Silicon Valley Bank & what customers need to do to access deposits

FDIC says Silicon Valley Bank had $209b in assets and $175b in deposits when FDIC shut them down Fri 3/10. Uninsured deposits will be determined shortly. Customers $250k+ deposits should contact FDIC at 866-799-0959.

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Check It Out:

– FDIC Creates a Deposit Insurance National Bank of Santa Clara to Protect Insured Depositors of Silicon Valley Bank, Santa Clara, California