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Failed Bank List

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

On Friday, March 10, 2023, Silicon Valley Bank, Santa Clara, CA was closed by the California Department of Financial Protection & Innovation which appointed the Federal Deposit Insurance Corporation (FDIC) as Receiver. No advance notice is given to the public when a financial institution is closed. To protect depositors, on Monday, March 13, 2023, the FDIC transferred all the deposits, both insured and uninsured, of Silicon Valley Bank to Silicon Valley Bridge Bank, N.A. a full-service 'bridge bank' that will be operated by the FDIC as it markets the institution to potential bidders.

Frequently Asked Questions

Official March 13, 2023 Press Release

A person using their phone to make a mobile deposit

If You Had a Deposit Account

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

Two people being consulted by a loan officer

If You Had a Loan

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

A couple reviewing papers and pointing at a computer

If You Are Owed Money for a Service or Product Provided

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

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Beware of Scams
Please be aware of phishing scams to obtain information from you. The FDIC will not send unsolicited email notifications to claim/unlock/suspend your account. The FDIC, however, will encourage you to correspond with us via the FDIC Claims Portal, a secure web portal.

Acquiring Institution: Silicon Valley Bridge Bank, N.A.

About Silicon Valley Bridge Bank, N.A.
All deposits and substantially all assets have been transferred to Silicon Valley Bridge Bank, N.A., a full-service FDIC-operated ‘bridge bank’ in an action designed to protect all depositors of Silicon Valley Bank.

Silicon Valley Bridge Bank, N.A. resumed normal banking hours and activities on Monday, March 13, 2023. Depositors and borrowers automatically became customers of Silicon Valley Bridge Bank, N.A. and have customer service and access to their funds by ATM, debit cards, and writing checks in the same manner as before.  Silicon Valley Bank’s official checks will continue to clear.  Loan customers should continue making loan payments as usual. 

The Receiver for Silicon Valley Bank has also transferred all Qualified Financial Contracts (as defined in 12 USC 1821(e)) of the failed bank to the bridge bank.

A bridge bank is a chartered national bank that operates under a board appointed by the FDIC. It assumes the deposits and certain other liabilities and purchases certain assets of a failed bank. The bridge bank structure is designed to “bridge” the gap between the failure of a bank and the time when the FDIC can stabilize the institution and implement an orderly resolution.

The FDIC named Tim Mayopoulos as CEO of Silicon Valley Bridge Bank, N.A. Mr. Mayopoulos is former president and CEO of the Federal National Mortgage Association and most recently served as president of Blend Labs, Inc.

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. (

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

Banking Services

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.

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.

Filing Claims

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


FDIC as Receiver for Silicon Valley Bank
Attention: Claims Agent
600 North Pearl Street
Suite 700
Dallas, TX 75201

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

For Shareholders of SVB Financial Group

All shares of Silicon Valley Bank are owned by its holding company, SVB Financial Group, Santa Clara, CA. The holding company was not included in the closing of the bank or resulting Receivership.

Contacting the Holding Company
If you are a shareholder, please do not contact or file a claim with the Receiver. You must contact the holding company directly:

SVB Financial Group
3003 Tasman Drive
Santa Clara, CA 95054

Contact Information

Please contact the FDIC Call Center or the Silicon Valley Bridge Bank, N.A. Call Center at the numbers provided below.

FDIC CALL CENTER: 1-866-799-0959
Hours of Operation (Eastern Time Zone)
Monday, March 13, 2023: 8:00 AM – 8:00 PM
Thereafter: 9:00 AM – 5:00 PM

Silicon Valley Bridge Bank, N.A. CALL CENTER: 1-800-774-7390
Hours of Operation (Pacific Time Zone)
Monday through Friday: 5:00 AM – 5:30 PM