Tag: federal deposit insurance corporation
Posted in Startups
first citizens: First Citizens Bank to acquire SVB’s deposits, loans from FDIC
On Monday, the Federal Deposit Insurance Corporation (FDIC) entered into a purchase and assumption agreement for all deposits and loans of Silicon Valley Bridge Bank…
Posted in Startups
SVB Bankruptcy: SVB Financial seeks bankruptcy protection for reorganisation
SVB Financial Group said on Friday it filed for a court-supervised reorganization under Chapter 11 bankruptcy protection to seek buyers for its assets, days after…
Posted in Startups
fdic: FDIC transfers all Silicon Valley Bank deposits to new bridge bank
To protect all depositors of Silicon Valley Bank, the US Federal Deposit Insurance Corporation (FDIC) today transferred all deposits—both insured and uninsured—and a substantial part…
Posted in Startups
Silicon Valley Bank: FDIC names former Fannie Mae chief Tim Mayopoulos as CEO of Silicon Valley Bank
The Federal Deposit Insurance Corporation on Monday named former Fannie Mae head Tim Mayopoulos as the chief executive officer of Silicon Valley Bank, a subsidiary…