Failed Bank Information for Silicon Valley Bank, Santa Clara, CA

All depositors will have full access to their insured deposits no later than Monday morning, March 13, 2023. The FDIC will pay uninsured depositors an advance dividend within the next week. Uninsured depositors will receive a receivership certificate for the remaining amount of their uninsured funds. As the FDIC sells the assets of Silicon Valley Bank, future dividend payments may be made to uninsured depositors.

EDIE — Electronic Deposit Insurance Estimator
Calculate insurance coverage of deposit accounts

Facts for Depositors
General information explaining the role of FDIC

The FDIC as receiver will retain all the assets from Silicon Valley Bank for later disposition. Loan customers should continue to make their payments as usual.

Obtaining a Lien Release
Process on getting a release of lien

Borrower’s Guide to an FDIC Insured Bank Failure
Overview of how FDIC processes loans

Facts for Borrowers
General information explaining the role of FDIC

You may be eligible to file a claim against Silicon Valley Bank.

If you have not been paid for services rendered prior to March 10, 2023, please refer to the Filing Claims section below.

Facts for Creditors
General information explaining the role of FDIC

The main office and all branches of Silicon Valley Bank will reopen on Monday, March 13, 2023. The DINB will maintain Silicon Valley Bank’s normal business hours. Banking activities will resume no later than Monday, March 13, including on-line banking and other services. Silicon Valley Bank’s official checks will continue to clear. Under the Federal Deposit Insurance Act, the FDIC may create a DINB to ensure that customers have continued access to their insured funds.

Creditors
If you or your company provided a service or product, leased space, furniture, or equipment to Silicon Valley Bank prior to March 10, 2023 and have not been paid, you may have a claim against Silicon Valley Bank.

All creditors having claims against Silicon Valley Bank must submit their claims to the Receiver online or by mail.

In order to facilitate the receipt of correspondence related to the Receiver’s administrative claims process during this period of national emergency, any party/claimant who would normally send hardcopy mail to an FDIC facility related to the Receivership is encouraged to send electronic communication inquiries through email ([email protected]) or the FDIC Information and Support Center.

In addition, any party/claimant who normally would send a Receivership claim submission via hardcopy mail is encouraged to submit the claim through the Non-Deposit FDIC Claims Portal or through email ([email protected]).

NOTE TO CLASS CLAIMANTS: By law, the Receiver will not accept a claim filed on behalf of a proposed class of individuals or entities or a class of individuals or entities certified by a court. EACH individual or entity must file a separate claim with the Receiver.

Priority of Claims

In accordance with Federal law, allowed claims will be paid, after administrative expenses, in the following order of priority:

1. Depositors
2. General Unsecured Creditors
3. Subordinated Debt
4. Stockholders

Questions About This Closing
Contact the FDIC Customer Service Department at 1-866-799-0959.