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

The full balance of all deposit accounts has been transferred to Silicon Valley Bridge Bank, N.A.

You may continue to use your checks and ATM/Debit card. Direct deposits like paychecks and social security benefits will continue as usual. Please refer to the Banking Services section below for more details.

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

Facts for Depositors
General information explaining the role of FDIC

You should continue to make payments, including escrow payments, as usual; the terms of your loan will not change.

If your loan is currently in process or you had a line of credit, contact your loan officer.

If you received notice that the FDIC retained your loan, and you have questions, please visit the FDIC Information and Support Center.

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 the FDIC as Receiver.

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

Contacting Silicon Valley Bridge Bank, N.A.
Silicon Valley Bridge Bank, N.A.
3003 Tasman Dr.
Santa Clara, CA 95054

Silicon Valley Bridge Bank, N.A. (www.svb.com)

Transaction Documentation
Bridge Transfer Agreement - PDF

Brokered Accounts
All deposit accounts, including brokered deposits, have been assumed by Silicon Valley Bridge Bank, N.A. If you are a customer who has a Silicon Valley Bank deposit through a broker, you must contact your broker with any questions.

Deposit Broker's Processing Guide

Automatic Payments/Bill Pay/Online Banking
These services will continue as usual. Your routing number and account number will remain the same until you are notified in writing by Silicon Valley Bridge Bank, N.A.

ATM and Debit Cards
Your ATM/Debit card will continue to work as usual.

Checks
Your checks will be processed as usual. All outstanding checks will be paid against your available balance(s). Silicon Valley Bridge Bank, N.A. will contact you soon regarding any changes in the terms of your account. If you have a problem with a merchant refusing to accept your check, please contact your branch office.

Direct Deposit
All direct deposits, for example, social security, payroll, veterans' benefits, disability, unemployment or any payment you receive electronically will continue as usual.

Certificates of Deposit (CDs)
Interest on deposits accrued through March 10, 2023 will be paid at your same rate. Silicon Valley Bank’s rates will be reviewed by Silicon Valley Bridge Bank, N.A. and you will be notified in writing of any changes. You may withdraw funds from any transferred account without early withdrawal penalty until you enter into a new deposit agreement with Silicon Valley Bridge Bank, N.A.

Overdraft Lines of Credit
These lines have been transferred to Silicon Valley Bridge Bank, N.A. Please contact Silicon Valley Bridge Bank, N.A. if you have additional questions regarding your accounts.

Safe Deposit Boxes
You will have access to your safe deposit boxes. Any changes will be communicated by Silicon Valley Bridge Bank, N.A.

Tax Reporting — 1098 and/or 1099
Silicon Valley Bridge Bank, N.A. will be responsible for mailing your 1099 tax information. Your 1098 reporting will be done by the FDIC or the servicer of your loan. You will be notified of any changes in ownership or servicing of your loan.

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.

Any party/claimant who wishes to submit a Receivership claim electronically should utilize the Non-Deposit FDIC Claims Portal or email nondepclaimsdal@fdic.gov.

Please note: There are time limits for filing a claim. Your claim must be filed on or before 07/10/2023 (the "Claims Bar Date").

Under federal law, failure to file a claim on or before the Claims Bar Date will result in disallowance of the claim by the Receiver. The disallowance will be final. 12 U.S.C. Section 1821(d)(5)(C).

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